Summit Asset Management Trimmed By $354,692 Its First Horizon Natl (FHN) Position; Zacks Investment Management Has Decreased Pulte Group (PHM) Position By $1.68 Million

May 21, 2018 - By Maria Brooks

First Horizon National Corporation (NYSE:FHN) Logo

Summit Asset Management Llc decreased First Horizon Natl Corp (FHN) stake by 21.46% reported in 2017Q4 SEC filing. Summit Asset Management Llc sold 18,668 shares as First Horizon Natl Corp (FHN)’s stock declined 9.78%. The Summit Asset Management Llc holds 68,324 shares with $1.37 million value, down from 86,992 last quarter. First Horizon Natl Corp now has $6.39B valuation. The stock increased 1.06% or $0.205 during the last trading session, reaching $19.535. About 1.83 million shares traded. First Horizon National Corporation (NYSE:FHN) has risen 1.61% since May 21, 2017 and is uptrending. It has underperformed by 9.94% the S&P500.

Zacks Investment Management decreased Pulte Group Inc (PHM) stake by 87.22% reported in 2017Q4 SEC filing. Zacks Investment Management sold 51,004 shares as Pulte Group Inc (PHM)’s stock declined 12.41%. The Zacks Investment Management holds 7,471 shares with $248,000 value, down from 58,475 last quarter. Pulte Group Inc now has $8.57B valuation. The stock increased 0.37% or $0.11 during the last trading session, reaching $30.02. About 1.45 million shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 24.54% since May 21, 2017 and is uptrending. It has outperformed by 12.99% the S&P500.

Zacks Investment Management increased Eaton Corp Plc (NYSE:ETN) stake by 5,023 shares to 611,879 valued at $48.35M in 2017Q4. It also upped Aflac Inc (NYSE:AFL) stake by 11,823 shares and now owns 462,968 shares. Brinks Co (NYSE:BCO) was raised too.

Analysts await PulteGroup, Inc. (NYSE:PHM) to report earnings on July, 24. They expect $0.74 EPS, up 57.45% or $0.27 from last year’s $0.47 per share. PHM’s profit will be $211.28 million for 10.14 P/E if the $0.74 EPS becomes a reality. After $0.59 actual EPS reported by PulteGroup, Inc. for the previous quarter, Wall Street now forecasts 25.42% EPS growth.

Investors sentiment increased to 1.01 in 2017 Q4. Its up 0.25, from 0.76 in 2017Q3. It is positive, as 30 investors sold PHM shares while 182 reduced holdings. 86 funds opened positions while 128 raised stakes. 236.87 million shares or 3.30% less from 244.94 million shares in 2017Q3 were reported. 25,593 are held by Keybank Association Oh. Schwerin Boyle Mngmt Incorporated reported 200,000 shares or 0.73% of all its holdings. Old Mutual Customised Solutions (Proprietary) holds 2,700 shares or 0.01% of its portfolio. 23,475 were reported by Oppenheimer Asset. Fifth Third Bank reported 0% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Nuveen Asset Mgmt Lc reported 6,553 shares. Cambridge Inv Rech Advsrs holds 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM) for 17,330 shares. 2.52M are owned by Lsv Asset Management. Brown Capital Management holds 0.02% or 49,989 shares in its portfolio. Janney Montgomery Scott Llc stated it has 20,155 shares. Ameritas Investment Prns has 0.01% invested in PulteGroup, Inc. (NYSE:PHM) for 5,854 shares. Moreover, Tudor Inv Corporation Et Al has 0.05% invested in PulteGroup, Inc. (NYSE:PHM). Chicago Equity Ptnrs Llc accumulated 44,575 shares or 0.05% of the stock. Numeric Invsts Limited Liability Com accumulated 26,700 shares or 0.01% of the stock. Alliancebernstein Limited Partnership has 2.08 million shares for 0.05% of their portfolio.

More recent PulteGroup, Inc. (NYSE:PHM) news were published by: Seekingalpha.com which released: “PulteGroup’s (PHM) Management at JP Morgan Homebuilding and Building Products Conference (Transcript)” on May 16, 2018. Also Seekingalpha.com published the news titled: “PulteGroup Does It Again” on April 27, 2018. Seekingalpha.com‘s news article titled: “PulteGroup, Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: April 24, 2018 was also an interesting one.

Among 22 analysts covering PulteGroup (NYSE:PHM), 11 have Buy rating, 2 Sell and 9 Hold. Therefore 50% are positive. PulteGroup had 76 analyst reports since September 11, 2015 according to SRatingsIntel. On Wednesday, April 26 the stock rating was maintained by Wedbush with “Underperform”. Sterne Agee CRT downgraded the shares of PHM in report on Tuesday, December 22 to “Neutral” rating. The company was maintained on Tuesday, October 31 by KeyBanc Capital Markets. As per Thursday, April 26, the company rating was maintained by JP Morgan. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Underperform” rating by Wedbush on Tuesday, September 20. The company was maintained on Monday, June 19 by RBC Capital Markets. Morgan Stanley downgraded PulteGroup, Inc. (NYSE:PHM) rating on Tuesday, October 13. Morgan Stanley has “Underweight” rating and $18 target. The firm has “Hold” rating by FBR Capital given on Wednesday, January 3. Mizuho upgraded PulteGroup, Inc. (NYSE:PHM) on Wednesday, October 25 to “Neutral” rating. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, September 26.

Since December 8, 2017, it had 1 buying transaction, and 5 sales for $5.40 million activity. OShaughnessy Robert also sold $3.15 million worth of PulteGroup, Inc. (NYSE:PHM) shares. 3,100 shares valued at $97,061 were bought by Hawaux Andre J on Thursday, May 10. 8,677 shares valued at $260,607 were sold by OLEARY PATRICK J on Wednesday, February 21. 51,716 shares valued at $1.62 million were sold by SMITH HARMON D on Friday, May 11. Shares for $430,384 were sold by GRISE CHERYL W on Wednesday, May 2.

More recent First Horizon National Corporation (NYSE:FHN) news were published by: Globenewswire.com which released: “First Horizon Declares Quarterly Dividends” on April 21, 2018. Also Globenewswire.com published the news titled: “Forbes names First Horizon one of nation’s best employers” on May 02, 2018. Globenewswire.com‘s news article titled: “First Horizon National Corp. to participate in 2018 Barclays Americas Select Franchise Conference on May 15” with publication date: May 09, 2018 was also an interesting one.

Since January 29, 2018, it had 0 insider buys, and 4 insider sales for $5.16 million activity. Kisber Michael E sold $903,320 worth of stock. 22,389 First Horizon National Corporation (NYSE:FHN) shares with value of $443,003 were sold by Daniel John M. On Monday, January 29 the insider Foss Peter N sold $609,516.

Investors sentiment increased to 2.66 in 2017 Q4. Its up 1.71, from 0.95 in 2017Q3. It increased, as 19 investors sold FHN shares while 46 reduced holdings. 68 funds opened positions while 105 raised stakes. 262.71 million shares or 28.19% more from 204.94 million shares in 2017Q3 were reported. State Treasurer State Of Michigan accumulated 116,683 shares or 0.02% of the stock. 13,500 were reported by Axa. Cramer Rosenthal Mcglynn Limited Liability Corp stated it has 0.26% of its portfolio in First Horizon National Corporation (NYSE:FHN). Suntrust Banks Inc owns 38,269 shares or 0% of their US portfolio. Brandywine Glob Investment Management Limited Liability Corporation holds 0% or 229 shares in its portfolio. Amundi Pioneer Asset Mngmt holds 0.05% or 1.73M shares. Moreover, State Of Tennessee Treasury Department has 0% invested in First Horizon National Corporation (NYSE:FHN). Moreover, Country Club Na has 0.33% invested in First Horizon National Corporation (NYSE:FHN). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment, a Alberta – Canada-based fund reported 274,193 shares. Amalgamated Bankshares holds 0.03% in First Horizon National Corporation (NYSE:FHN) or 58,254 shares. Employees Retirement Of Texas stated it has 0.05% in First Horizon National Corporation (NYSE:FHN). Bnp Paribas Arbitrage Sa has 501,276 shares. Gateway Investment Advisers Ltd Co reported 108,513 shares or 0.02% of all its holdings. Eaton Vance reported 0% of its portfolio in First Horizon National Corporation (NYSE:FHN). Bokf Na holds 0.03% or 58,586 shares.

Among 20 analysts covering First Horizon National Corporation (NYSE:FHN), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. First Horizon National Corporation had 66 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo downgraded First Horizon National Corporation (NYSE:FHN) on Tuesday, August 23 to “Underperform” rating. On Monday, November 28 the stock rating was upgraded by Jefferies to “Buy”. SunTrust maintained the shares of FHN in report on Tuesday, November 28 with “Buy” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, August 1. The rating was maintained by RBC Capital Markets with “Hold” on Friday, July 7. The firm has “Overweight” rating by JP Morgan given on Thursday, January 5. The firm earned “Hold” rating on Friday, May 5 by Stephens. RBC Capital Markets maintained First Horizon National Corporation (NYSE:FHN) on Friday, April 13 with “Hold” rating. The company was upgraded on Wednesday, November 8 by Raymond James. Vining Sparks upgraded the shares of FHN in report on Monday, January 8 to “Buy” rating.

First Horizon National Corporation (NYSE:FHN) Institutional Positions Chart

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