Pier Capital Lifted Stake in Pinnacle Financial Partners In (PNFP) by $599,544; Iridian Asset Management Increased Tyson Foods (TSN) Stake by $50.97 Million

May 13, 2018 - By Clifton Ray

Tyson Foods, Inc. (NYSE:TSN) Logo

David Cohen increased its stake in Tyson Foods Inc (TSN) by 13.02% based on its latest 2017Q4 regulatory filing with the SEC. Iridian Asset Management Llc bought 629,241 shares as the company’s stock declined 8.17% with the market. The hedge fund run by David Cohen held 5.46 million shares of the consumer non-durables company at the end of 2017Q4, valued at $442.83 million, up from 4.83 million at the end of the previous reported quarter. Iridian Asset Management Llc who had been investing in Tyson Foods Inc for a number of months, seems to be bullish on the $25.09 billion market cap company. The stock increased 0.78% or $0.53 during the last trading session, reaching $68.25. About 1.74M shares traded. Tyson Foods, Inc. (NYSE:TSN) has risen 19.71% since May 13, 2017 and is uptrending. It has outperformed by 8.16% the S&P500.

Pier Capital Llc increased its stake in Pinnacle Financial Partners In (PNFP) by 9.11% based on its latest 2017Q4 regulatory filing with the SEC. Pier Capital Llc bought 9,084 shares as the company’s stock declined 8.68% with the market. The institutional investor held 108,811 shares of the finance company at the end of 2017Q4, valued at $7.21 million, up from 99,727 at the end of the previous reported quarter. Pier Capital Llc who had been investing in Pinnacle Financial Partners In for a number of months, seems to be bullish on the $5.05B market cap company. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.45. About 284,198 shares traded. Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has declined 0.40% since May 13, 2017 and is downtrending. It has underperformed by 11.95% the S&P500.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.51, from 1.47 in 2017Q3. It is negative, as 25 investors sold PNFP shares while 91 reduced holdings. 39 funds opened positions while 72 raised stakes. 58.45 million shares or 5.89% more from 55.20 million shares in 2017Q3 were reported. Gamco Investors Inc Et Al reported 7,000 shares stake. Pub Employees Retirement Association Of Colorado, a Colorado-based fund reported 12,254 shares. Michigan-based State Treasurer State Of Michigan has invested 0.01% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Elizabeth Park Advsr Ltd invested in 4.35% or 203,418 shares. Atlantic Tru Group Ltd Llc has invested 0% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Moreover, Pnc Fin Grp has 0% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Hl Financial Limited Co invested 0.01% of its portfolio in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Rhumbline Advisers holds 146,427 shares. South State Corporation has 0.03% invested in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) for 3,555 shares. 440,802 were reported by Invesco Limited. 1.23M are owned by Franklin Res Inc. New Mexico Educational Retirement Board owns 18,300 shares for 0.05% of their portfolio. Intrust Fincl Bank Na reported 0.21% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Bnp Paribas Arbitrage reported 0% in Pinnacle Financial Partners, Inc. (NASDAQ:PNFP). Livingston Gru Asset Mgmt Company (Operating As Southport Management) has 12,212 shares for 0.31% of their portfolio.

Since December 15, 2017, it had 0 insider buys, and 14 insider sales for $10.18 million activity. 1,873 shares were sold by LOUGHRY ED C JR, worth $120,434. $198,192 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares were sold by Samuel Ronald L. MCCABE ROBERT A JR sold $1.32M worth of stock or 19,515 shares. TURNER M TERRY had sold 33,065 shares worth $2.24 million. BURNS GREGORY L also sold $200,333 worth of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) shares. QUEENER HUGH M sold $1.43 million worth of stock.

Pier Capital Llc, which manages about $585.12 million US Long portfolio, decreased its stake in Instructure Inc by 22,474 shares to 160,997 shares, valued at $5.33 million in 2017Q4, according to the filing. It also reduced its holding in Catalent Inc (NYSE:CTLT) by 7,947 shares in the quarter, leaving it with 130,953 shares, and cut its stake in Irhythm Technologies Inc.

More news for Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) were recently published by: Businesswire.com, which released: “PNFP Reports Diluted EPS of $1.08, ROAA of 1.53 Percent and ROTCE of 18.12 Percent for 1Q 2018” on April 16, 2018. Bizjournals.com‘s article titled: “Pinnacle’s next target: Marcus Mariota” and published on May 04, 2018 is yet another important article.

Among 15 analysts covering Pinnacle Financial Partners (NASDAQ:PNFP), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Pinnacle Financial Partners had 43 analyst reports since July 23, 2015 according to SRatingsIntel. As per Wednesday, July 22, the company rating was downgraded by Portales Partners. The rating was maintained by Sandler O’Neill on Thursday, January 18 with “Buy”. Keefe Bruyette & Woods upgraded Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) rating on Thursday, February 15. Keefe Bruyette & Woods has “Buy” rating and $78.0 target. The stock of Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) has “Hold” rating given on Thursday, July 20 by Stephens. The firm has “Buy” rating given on Thursday, January 18 by Piper Jaffray. The rating was downgraded by Stephens to “Equal-Weight” on Wednesday, January 18. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Thursday, October 20. Bruyette & Woods” downgraded the stock to “Mkt Perform” rating in Thursday, July 23 report. The rating was reinitiated by PiperJaffray with “Overweight” on Thursday, October 5. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods.

Investors sentiment increased to 1.12 in 2017 Q4. Its up 0.03, from 1.09 in 2017Q3. It improved, as 37 investors sold TSN shares while 208 reduced holdings. 83 funds opened positions while 191 raised stakes. 254.57 million shares or 1.76% more from 250.18 million shares in 2017Q3 were reported. 158,367 were accumulated by Prudential Public Ltd Com. Moreover, Sumitomo Mitsui Tru Inc has 0.1% invested in Tyson Foods, Inc. (NYSE:TSN) for 972,568 shares. Janney Montgomery Scott Ltd holds 7,111 shares. Connecticut-based Iridian Asset Ltd Llc Ct has invested 3.73% in Tyson Foods, Inc. (NYSE:TSN). Teacher Retirement Sys Of Texas stated it has 410,118 shares. Farmers & Merchants Investments Incorporated owns 0% invested in Tyson Foods, Inc. (NYSE:TSN) for 92 shares. Central Bancorporation And Trust Comm reported 5,553 shares or 0.11% of all its holdings. Lord Abbett Limited reported 223,900 shares. Seminole accumulated 1.96% or 132,491 shares. Credit Agricole S A holds 0.16% of its portfolio in Tyson Foods, Inc. (NYSE:TSN) for 29,911 shares. Amalgamated State Bank holds 0.08% or 35,390 shares in its portfolio. Brown Advisory Inc reported 15,992 shares. Mackenzie Financial Corp holds 15,773 shares. Old Second Natl Bank Of Aurora owns 0.53% invested in Tyson Foods, Inc. (NYSE:TSN) for 16,361 shares. Gateway Investment Advisers Limited Com reported 15,409 shares or 0.01% of all its holdings.

More notable recent Tyson Foods, Inc. (NYSE:TSN) news were published by: Investorplace.com which released: “Grab Tyson Foods, Inc. Stock While the Market Makes Up Its Mind” on May 07, 2018, also Streetinsider.com with their article: “Pre-Open Movers 05/07: (ATHN) (GPT) (NOG) Higher; (XRAY) (EBIO) (TSN) Lower (more…)” published on May 07, 2018, Globenewswire.com published: “Tyson Foods, Inc. Announces Quarterly Dividend” on May 10, 2018. More interesting news about Tyson Foods, Inc. (NYSE:TSN) were released by: Globenewswire.com and their article: “Tyson Foods to Webcast BMO Presentation” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Game Plan For The Week – Cramer’s Mad Money (5/4/18)” with publication date: May 07, 2018.

Since November 28, 2017, it had 0 insider buys, and 3 selling transactions for $6.14 million activity. The insider Banister Gaurdie E. JR. sold $589,394. $1.15M worth of Tyson Foods, Inc. (NYSE:TSN) was sold by Stouffer Stephen R.

Pinnacle Financial Partners, Inc. (NASDAQ:PNFP) Institutional Positions Chart

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