Churchill Management Has Decreased Its Pinnacle West Cap Com (PNW) Stake; Nuance Communications Has 1.03 Sentiment

December 7, 2017 - By Dolores Ford

Churchill Management Corp decreased Pinnacle West Cap Corp Com (PNW) stake by 4.29% reported in 2017Q2 SEC filing. Churchill Management Corp sold 6,531 shares as Pinnacle West Cap Corp Com (PNW)’s stock rose 7.46%. The Churchill Management Corp holds 145,619 shares with $12.40M value, down from 152,150 last quarter. Pinnacle West Cap Corp Com now has $10.05 billion valuation. The stock increased 0.64% or $0.57 during the last trading session, reaching $89.91. About 497,151 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 18.43% since December 7, 2016 and is uptrending. It has outperformed by 1.73% the S&P500.

Nuance Communications, Inc. provides voice recognition and natural language understanding solutions worldwide. The company has market cap of $4.50 billion. It operates through four divisions: Healthcare, Mobile, Enterprise, and Imaging. It currently has negative earnings. The Healthcare segment offers transcription solutions, which enables physicians to streamline clinical documentation with medical transcription platform; Dragon Medical, a dictation software that empowers physicians to accurately capture and document patient care in real-time on various devices; clinical document improvement and coding solutions to ensure patient health information is accurately documented, coded, and evaluated; and diagnostic solutions that allows radiologists to document, collaborate, and share medical images and reports.

Shannon River Fund Management Llc holds 11.98% of its portfolio in Nuance Communications, Inc. for 2.34 million shares. 12Th Street Asset Management Company Llc owns 1.64 million shares or 7.33% of their US portfolio. Moreover, Ivory Investment Management Llc has 3.58% invested in the company for 5.52 million shares. The Massachusetts-based Sirios Capital Management L P has invested 3.31% in the stock. Millrace Asset Group Inc., a Pennsylvania-based fund reported 142,000 shares.

Ratings analysis reveals 100% of Nuance Communications’s analysts are positive. Out of 2 Wall Street analysts rating Nuance Communications, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. NUAN was included in 2 notes of analysts from November 18, 2016. As per Friday, January 6, the company rating was upgraded by Barclays Capital. On Friday, November 18 the stock rating was upgraded by Raymond James to “Strong Buy”.

The stock increased 2.86% or $0.43 during the last trading session, reaching $15.49. About 5.52M shares traded or 80.46% up from the average. Nuance Communications, Inc. (NUAN) has risen 16.56% since December 7, 2016 and is uptrending. It has underperformed by 0.14% the S&P500.

Churchill Management Corp increased Spdr Dow Jones Indl Avrg Etf U (DIA) stake by 608,482 shares to 2.14M valued at $456.13 million in 2017Q2. It also upped 3M Co Com (NYSE:MMM) stake by 2,705 shares and now owns 4,221 shares. Applied Matls Inc Com (NASDAQ:AMAT) was raised too.

Among 12 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 0 have Buy rating, 1 Sell and 11 Hold. Therefore 0 are positive. Pinnacle West Capital Corporation had 39 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Monday, November 13 with “Underweight”. The stock of Pinnacle West Capital Corporation (NYSE:PNW) earned “Neutral” rating by Mizuho on Monday, February 27. SunTrust maintained the shares of PNW in report on Monday, December 4 with “Hold” rating. The firm has “Neutral” rating by SunTrust given on Monday, March 7. The firm has “Hold” rating given on Wednesday, October 18 by KeyBanc Capital Markets. The firm has “Neutral” rating by Bank of America given on Tuesday, November 22. The firm has “Hold” rating by Evercore given on Tuesday, January 26. The rating was downgraded by Bank of America on Tuesday, January 12 to “Underperform”. The firm has “Neutral” rating given on Monday, October 26 by UBS. RBC Capital Markets maintained Pinnacle West Capital Corporation (NYSE:PNW) rating on Sunday, August 27. RBC Capital Markets has “Hold” rating and $89.0 target.

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