Maltese Capital Management Has Trimmed First Horizon Natl (FHN) Position By $4.69 Million; Shufro Rose & Co Lowered By $5.53 Million Its Wendys Co (WEN) Stake

November 15, 2017 - By Clifton Ray

Maltese Capital Management Llc decreased First Horizon Natl Corp (FHN) stake by 52.08% reported in 2017Q2 SEC filing. Maltese Capital Management Llc sold 276,000 shares as First Horizon Natl Corp (FHN)’s stock declined 14.71%. The Maltese Capital Management Llc holds 254,000 shares with $4.43 million value, down from 530,000 last quarter. First Horizon Natl Corp now has $4.33 billion valuation. The stock increased 0.82% or $0.15 during the last trading session, reaching $18.49. About shares traded. First Horizon National Corp (NYSE:FHN) has risen 21.88% since November 15, 2016 and is uptrending. It has outperformed by 5.18% the S&P500.

Shufro Rose & Co Llc decreased Wendys Co (WEN) stake by 44.92% reported in 2017Q2 SEC filing. Shufro Rose & Co Llc sold 368,730 shares as Wendys Co (WEN)’s stock rose 13.38%. The Shufro Rose & Co Llc holds 452,125 shares with $7.01M value, down from 820,855 last quarter. Wendys Co now has $3.48 billion valuation. The stock increased 0.14% or $0.02 during the last trading session, reaching $14.36. About 100 shares traded. Wendys Co (NASDAQ:WEN) has risen 56.90% since November 15, 2016 and is uptrending. It has outperformed by 40.20% the S&P500.




Analysts await First Horizon National Corp (NYSE:FHN) to report earnings on January, 12. They expect $0.28 earnings per share, up 21.74% or $0.05 from last year’s $0.23 per share. FHN’s profit will be $65.57M for 16.51 P/E if the $0.28 EPS becomes a reality. After $0.32 actual earnings per share reported by First Horizon National Corp for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

Maltese Capital Management Llc increased Essa Bancorp Inc (NASDAQ:ESSA) stake by 50,994 shares to 505,894 valued at $7.45 million in 2017Q2. It also upped Associated Banc Corp (NYSE:ASB) stake by 20,000 shares and now owns 65,000 shares. Stonegate Bk Ft Lauderdale F (NASDAQ:SGBK) was raised too.

Since June 15, 2017, it had 0 insider purchases, and 1 sale for $91,995 activity. 5,211 First Horizon National Corp (NYSE:FHN) shares with value of $91,995 were sold by PALMER VICKI R.

Investors sentiment decreased to 1.04 in 2017 Q2. Its down 0.31, from 1.35 in 2017Q1. It worsened, as 26 investors sold FHN shares while 85 reduced holdings. 29 funds opened positions while 86 raised stakes. 197.17 million shares or 0.78% more from 195.63 million shares in 2017Q1 were reported. Products Ptnrs Limited Liability Corp holds 0.22% of its portfolio in First Horizon National Corp (NYSE:FHN) for 307,793 shares. Panagora Asset invested in 0.08% or 1.17 million shares. Loomis Sayles & LP has invested 0% of its portfolio in First Horizon National Corp (NYSE:FHN). Goldman Sachs Group Inc invested in 0.02% or 4.86 million shares. Calamos Advsrs Limited Liability Com has 0.07% invested in First Horizon National Corp (NYSE:FHN) for 581,328 shares. Security Tru holds 9 shares. Fund invested in 322,106 shares or 0.05% of the stock. Glenmede Na accumulated 0% or 403 shares. Gsa Capital Prtnrs Llp invested in 0.03% or 24,184 shares. Moreover, D E Shaw has 0.01% invested in First Horizon National Corp (NYSE:FHN). Voya Mngmt Lc invested in 0.02% or 410,146 shares. Nationwide Fund has 0.03% invested in First Horizon National Corp (NYSE:FHN) for 396,654 shares. Patten And Patten Tn stated it has 25,691 shares or 0.05% of all its holdings. Tower Rech Cap Limited Liability Company (Trc) invested in 0% or 50 shares. American Intl Grp Incorporated owns 0.03% invested in First Horizon National Corp (NYSE:FHN) for 477,985 shares.

Among 18 analysts covering First Horizon National Corporation (NYSE:FHN), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. First Horizon National Corporation has $23.0 highest and $13 lowest target. $19.46’s average target is 5.25% above currents $18.49 stock price. First Horizon National Corporation had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Vining Sparks on Wednesday, April 19. The firm earned “Hold” rating on Wednesday, August 12 by Deutsche Bank. Jefferies maintained the shares of FHN in report on Tuesday, October 10 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 8 by Guggenheim. The firm has “Underperform” rating given on Tuesday, August 23 by Wells Fargo. The company was maintained on Friday, October 13 by Keefe Bruyette & Woods. Jefferies maintained the stock with “Buy” rating in Friday, August 18 report. Jefferies maintained First Horizon National Corp (NYSE:FHN) on Wednesday, June 14 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Monday, July 17 report. Barclays Capital maintained First Horizon National Corp (NYSE:FHN) rating on Monday, July 18. Barclays Capital has “Equalweight” rating and $16 target.

Since June 5, 2017, it had 0 buys, and 5 insider sales for $439.18 million activity. 5.50 million shares valued at $87.84M were sold by GARDEN EDWARD P on Monday, June 5. 5.50 million shares were sold by Peltz Matthew H., worth $87.84 million. PELTZ NELSON sold $87.84M worth of stock or 5.50 million shares. 5.50 million shares were sold by TRIAN FUND MANAGEMENT – L.P., worth $87.84 million on Monday, June 5. The insider MAY PETER W sold 5.50M shares worth $87.84 million.

Investors sentiment decreased to 1.04 in Q2 2017. Its down 0.05, from 1.09 in 2017Q1. It turned negative, as 28 investors sold WEN shares while 84 reduced holdings. 39 funds opened positions while 78 raised stakes. 182.30 million shares or 2.44% less from 186.86 million shares in 2017Q1 were reported. Principal Group accumulated 822,130 shares. Stratos Wealth Partners reported 24,252 shares. Catalyst Advisors Ltd Liability accumulated 0.1% or 149,900 shares. Aspiriant Limited Liability reported 0.09% stake. Blackrock invested 0.01% in Wendys Co (NASDAQ:WEN). Robeco Institutional Asset Management Bv has invested 0.02% of its portfolio in Wendys Co (NASDAQ:WEN). Pnc Services Grp Inc reported 61,054 shares. First Tru Advsrs Lp invested in 0.01% or 142,382 shares. 200 were accumulated by Pacad Inv Ltd. Maplelane Limited Liability invested 0% in Wendys Co (NASDAQ:WEN). Usa Finance Portformulas holds 0.25% in Wendys Co (NASDAQ:WEN) or 66,331 shares. Pinnacle Fincl Prns invested in 0% or 554 shares. American Group Inc holds 0.02% or 391,817 shares in its portfolio. Nicholas Inv Partners LP holds 0.35% or 321,013 shares. Natixis owns 12,770 shares or 0% of their US portfolio.

Analysts await Wendys Co (NASDAQ:WEN) to report earnings on February, 15. They expect $0.12 earnings per share, up 50.00% or $0.04 from last year’s $0.08 per share. WEN’s profit will be $29.08M for 29.92 P/E if the $0.12 EPS becomes a reality. After $0.09 actual earnings per share reported by Wendys Co for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Among 18 analysts covering Wendy’s (NASDAQ:WEN), 9 have Buy rating, 2 Sell and 7 Hold. Therefore 50% are positive. Wendy’s had 38 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Wednesday, August 9. As per Friday, September 11, the company rating was initiated by Guggenheim. The firm has “Buy” rating given on Monday, January 4 by Nomura. As per Thursday, May 11, the company rating was maintained by Stephens. The firm has “Outperform” rating given on Thursday, November 9 by BMO Capital Markets. The stock has “Market Perform” rating by Bernstein on Thursday, May 26. On Thursday, February 11 the stock rating was downgraded by JP Morgan to “Neutral”. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, August 10 report. Longbow upgraded Wendys Co (NASDAQ:WEN) on Friday, September 15 to “Buy” rating. Vetr upgraded Wendys Co (NASDAQ:WEN) rating on Wednesday, August 19. Vetr has “Buy” rating and $11 target.

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