Published: Thu, February 15, 2018
People | By Leon Thompson

Running Mover to Focus- First Horizon National Corporation (FHN)


The institutional investor held 5.22M shares of the telecommunications equipment company at the end of 2017Q3, valued at $148.53 million, down from 5.32M at the end of the previous reported quarter. Gotham Asset Management LLC lifted its stake in First Horizon National by 6.6% in the second quarter. The stock appeared $20.86 above its 52-week highs and is down -0.52% for the last five trades. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of First Horizon National by 133.8% in the 3rd quarter. It has underperformed by 87.64% the S&P500. Jane Street Group Llc bought 93,940 shares as the company's stock declined 14.71% while stock markets rallied. Company insiders own 2.09% of the company's stock. The company has market cap of $6.34 billion.

The stock increased 0.38% or $0.08 during the last trading session, reaching $21.1. About 777,520 shares traded. It has outperformed by 5.18% the S&P500. Following the completion of the sale, the director now directly owns 56,220 shares in the company, valued at approximately $1,142,390.40. It also reduced its holding in Melrose Bancorp Inc (NASDAQ:MELR) by 27,400 shares in the quarter, leaving it with 129,132 shares, and cut its stake in United Cmnty Finl Corp Ohio (NASDAQ:UCFC). Its up 0.24, from 0.86 in 2017Q2. Moreover, Td Asset Mgmt has 0% invested in Tucows Inc. Tobam accumulated 0.35% or 191,938 shares. Fjarde Ap holds 0.02% of its portfolio in SCANA Corporation (NYSE:SCG) for 19,074 shares. 426,515 are owned by Price T Rowe Associates Md. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.90 and a current ratio of 0.92. Us Bankshares De reported 15,405 shares. For this relative risk measurement, FHN has beta value of 0.94. Mutual Of America Cap Management Llc invested in 0.06% or 188,946 shares. (FHN) stake by 2.97% reported in 2017Q3 SEC filing. Invesco Ltd invested in 15.56 million shares. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Therefore 23% are positive. SCANA has $84 highest and $38 lowest target. Investors, especially technical analysts, may use the 52 week range to gauge whether a stock's current price suggests buying, selling, or taking no-action. TIM Participacoes had 25 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of First Horizon National Corporation (NYSE:FHN) has "Buy" rating given on Monday, July 17 by Jefferies. The company was maintained on Tuesday, November 28 by Keefe Bruyette & Woods. As per Tuesday, January 2, the company rating was maintained by Guggenheim. The rating was maintained by Hovde Group on Monday, July 10 with "Market Perform". The firm has "Underweight" rating given on Thursday, August 10 by Morgan Stanley. The rating was downgraded by Needham to "Hold" on Thursday, October 19. State Of Tennessee Treasury Department stated it has 100,000 shares or 0.01% of all its holdings. The stock of First Horizon National Corporation (NYSE:FHN) has "Buy" rating given on Wednesday, June 14 by Jefferies. As per Monday, October 19, the company rating was maintained by SunTrust. The financial services provider reported $0.30 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.29 by $0.01. Scotia Capital maintained the shares of TSU in report on Monday, February 5 with "Hold" rating. Raymond James Financial upgraded First Horizon National from an "outperform" rating to a "strong-buy" rating and set a $22.00 price target for the company in a research report on Wednesday, November 8th. As per Friday, October 21, the company rating was maintained by Needham. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. The firm earned "Buy" rating on Thursday, February 9 by Needham.

Since September 26, 2017, it had 0 insider buys, and 4 insider sales for $1.62 million activity.

First Horizon National declared that its Board of Directors has authorized a share buyback program on Tuesday, January 23rd that allows the company to buyback $250.00 million in outstanding shares. Foss Peter N sold $609,516 worth of First Horizon National Corporation (NYSE:FHN) on Monday, January 29. Investors of record on Friday, March 9th will be issued a dividend of $0.12 per share.

Among 18 analysts covering First Horizon National Corporation (NYSE:FHN), 10 have Buy rating, 0 Sell and 8 Hold.

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Hedge funds and other institutional investors have recently made changes to their positions in the business.

The stock exchanged hands with a volume of 3.21 million shares compared to its standard daily volume. 164,200 are owned by Broadview Advisors Limited Liability Corp.

First Horizon National Corporation (FHN) stock price traded at a gap of -4.22% from an average price of last twenty days and stands at a distance of -4.74% away from it's an average price of recent fifty days. Susquehanna Group Llp reported 26,131 shares stake. In terms of relative volume, these shares are trading at 1.38x their normal volume.

First Horizon National (NYSE:FHN) last released its earnings results on Friday, January 19th. Thompson Inv Management holds 120,045 shares or 0.43% of its portfolio. At present time the stock is moving 3.48% away to its 200-day moving average. North Star Inv Mgmt Corp invested 0% of its portfolio in First Horizon National Corporation (NYSE:FHN). Monroe Bancorporation And Trust Mi invested 0% of its portfolio in First Horizon National Corporation (NYSE:FHN).

First Horizon National Corporation stock waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. First Allied Advisory Svcs Inc holds 24,735 shares or 0.06% of its portfolio.

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