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

Virtus Fund Advisers LLC Raises Position in Pinnacle Financial Partners (NASDAQ:PNFP)


Elm Ridge Management Llc who had been investing in Apache Corp (Call) for a number of months, seems to be less bullish one the $13.47B market cap company. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,681 shares of the financial services provider's stock worth $244,000 after acquiring an additional 1,217 shares in the last quarter. About 424,897 shares traded. TOTAL S.A. (NYSE:TOT) has risen 13.67% since March 13, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

Bernard Horn decreased its stake in Pinnacle Financial Partners (PNFP) by 8.22% based on its latest 2017Q3 regulatory filing with the SEC. Following the transaction, the chief accounting officer now owns 235,471 shares of the company's stock, valued at $15,896,647.21. The hedge fund held 597,000 shares of the finance company at the end of 2017Q3, valued at $39.94M, down from 604,500 at the end of the previous reported quarter. ETRADE Capital Management LLC now owns 23,048 shares of the financial services provider's stock valued at $1,543,000 after acquiring an additional 7,668 shares in the last quarter. About 515,283 shares traded. TURNER M TERRY also sold $2.09M worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has risen 26.22% since March 12, 2017 and is uptrending. It has outperformed by 9.52% the S&P500.

Since February 22, 2018, it had 0 insider buys, and 4 selling transactions for $4.90 million activity. $258,250 worth of stock was sold by Melvin Vincent P on Wednesday, February 28. The insider Stretch Colin sold $134,125.

Analysts await Facebook, Inc. Therefore 54% are positive. Targa Resources had 84 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of LSB Industries, Inc. On Thursday, October 29 the stock rating was downgraded by Credit Agricole to "Outperform". The rating was downgraded by Pivotal Research on Thursday, February 2 to "Hold". The stock has "Buy" rating by SunTrust on Monday, January 8. (NYSE:ARW) has "Buy" rating given on Wednesday, October 4 by Stifel Nicolaus. The firm has "Neutral" rating given on Friday, October 20 by Hilliard Lyons. Credit Suisse maintained it with "Neutral" rating and $62 target in Friday, August 7 report. 3,601 are held by 1492 Capital Lc.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It dropped, as 53 investors sold FB shares while 618 reduced holdings. 49 funds opened positions while 104 raised stakes. Reilly Advisors Ltd reported 1.45% stake. Magnetar Finance Ltd Limited Liability Company has invested 0.01% in Arrow Electronics, Inc. Ardsley Advisory Prtnrs owns 50,000 shares. Balyasny Asset Mngmt Ltd Liability Com owns 2,536 shares for 0% of their portfolio. Whittier Trust Of Nevada reported 34,605 shares. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Pinnacle Financial Partners by 5.6% during the 4th quarter. The institutional investor purchased 56,000 shares of the financial services provider's stock, valued at approximately $3,713,000. Bridgeway owns 0.01% invested in LSB Industries, Inc. (NYSE:ARW) for 172,458 shares.

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Brown Brothers Harriman & Co, which manages about $12.77 billion and $18.77B US Long portfolio, decreased its stake in Unilever Plc (NYSE:UL) by 9,158 shares to 1.21M shares, valued at $70.30M in 2017Q3, according to the filing. It also increased its holding in Unitedhealth Group Inc (NYSE:UNH) by 15,300 shares in the quarter, for a total of 248,655 shares, and has risen its stake in International Bancshares Corp (NASDAQ:IBOC). Therefore 69% are positive.

Shares of Pinnacle Financial Partners closed the previous trading session at with 68.0999984741211 shares trading hands. On Thursday, July 23 the stock rating was downgraded by Wood to "Market Perform". The rating was downgraded by Jefferies on Monday, October 16 to "Hold". (NASDAQ:PNFP) has "Buy" rating given on Monday, February 26 by Keefe Bruyette & Woods. (NASDAQ:PNFP) rating on Friday, September 11. The rating was upgraded by Sandler O'Neill on Wednesday, January 25 to "Buy". As per Friday, September 11, the company rating was upgraded by Wood. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. (NASDAQ:PNFP) on Wednesday, January 18 to "Equal-Weight" rating.

Investors sentiment decreased to 0.96 in Q3 2017. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.48.

Virtus Fund Advisers LLC increased its position in shares of Pinnacle Financial Partners (NASDAQ:PNFP) by 31.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 39 funds opened positions while 130 raised stakes. Goldman Sachs Gru has 0.02% invested in Apache Corporation (NYSE:APA) for 1.50M shares. Tortoise Advsrs Limited Liability Company holds 2.13% or 10.35M shares. If you are reading this report on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark law. (NASDAQ:PNFP). Invesco Ltd stated it has 0.01% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Tocqueville Asset Limited Partnership invested in 0.06% or 79,290 shares. Virtus Fund Advisers LLC owned approximately 1.10% of Pinnacle Financial Partners worth $56,451,000 as of its most recent filing with the Securities and Exchange Commission. (NASDAQ:PNFP) for 95,785 shares. (NASDAQ:FB). Van Hulzen Asset Mgmt Limited Co holds 30,381 shares.

On 8/1/2013 Robert A Mccabe Jr, Chairman, sold 7,900 with an average share price of $28.66 per share and the total transaction amounting to $226,414.00. Dixon Hubard Feinour & Brown Va holds 0.31% or 15,908 shares. Neuberger Berman Grp accumulated 0% or 19,381 shares. (NASDAQ:PNFP). Moreover, Mason Street Limited Liability Company has 0.06% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Schwab Charles holds 299,970 shares or 0.02% of its portfolio. Pier Cap accumulated 99,727 shares. (NASDAQ:PNFP). Texas-based Teacher Retirement Sys Of Texas has invested 0% in Pinnacle Financial Partners, Inc. Moreover, Pinnacle Finance Prtn Incorporated has 9.56% invested in Pinnacle Financial Partners, Inc. $67,880 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) on Friday, December 15. (NASDAQ:PNFP) shares with value of $672,500 were sold by Sloan Thomas R. SunTrust maintained Pinnacle Financial Partners, Inc. BURNS GREGORY L had sold 3,008 shares worth $200,333 on Wednesday, February 21. BlackRock Inc. now owns 6,050,010 shares of the financial services provider's stock valued at $401,116,000 after acquiring an additional 59,719 shares in the last quarter. (NASDAQ:PNFP) to report earnings on April, 16. They expect $1.01 earnings per share, 0.00% or $0.00 from last year's $1.01 per share. TOT's profit will be $2.65B for 14.23 P/E if the $1.01 EPS becomes a reality. State Of Wisconsin Investment Board holds 0.02% of its portfolio in Pinnacle Financial Partners, Inc.

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