Yiheng Capital Exits Position in Synutra International (SYUT)

Synutra International (SYUT) : Yiheng Capital has sold out all of its stake in Synutra International during the most recent quarter, according to the disclosure filed by the company on Nov 14, 2016 with the SEC. The investment management company has sold out 207,956 shares of Synutra International which is valued at $894,211.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in SYUT in the latest quarter, The investment management firm added 3,682 additional shares and now holds a total of 61,090 shares of Synutra International which is valued at $262,687.Geode Capital Management reduced its stake in SYUT by selling 2,279 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 156,755 shares of SYUT which is valued at $650,533.Rhumbline Advisers boosted its stake in SYUT in the latest quarter, The investment management firm added 3,400 additional shares and now holds a total of 20,890 shares of Synutra International which is valued at $95,050.Blackrock Fund Advisors boosted its stake in SYUT in the latest quarter, The investment management firm added 31,785 additional shares and now holds a total of 580,802 shares of Synutra International which is valued at $2,642,649.Blackrock Investment Management reduced its stake in SYUT by selling 274 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 89,323 shares of SYUT which is valued at $406,420.

Synutra International opened for trading at $5.45 and hit $5.5 on the upside on Monday, eventually ending the session at $5.3, with a gain of 17.78% or 0.8 points. The heightened volatility saw the trading volume jump to 19,41,140 shares. Company has a market cap of $300 M.

Synutra International Inc. is an infant formula company in China. The Company is engaged in the production distribution and sale of dairy-based nutritional products under the Shengyuan or Synutra line of brands. The Company operates through three segments: Nutritional Food which includes the sale of powdered infant and adult formula products with brands including Super My Angel and Dutch Cow as well as the sale of prepared foods under the brand of Huiliduo; Nutritional Supplement which includes the production and sale of nutritional supplements such as chondroitin sulfate to third-parties and microencapsulated Docosahexanoic Acid and Arachidonic Acid to the nutritional food segment for use in powdered formula production and Other Business which includes non-core businesses such as ancillary sales of excess or unusable ingredients and materials to industrial customers providing genetic diagnostic services for new born babies and sales of cosmetics to pregnant women.

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