Nuance Communications (NUAN) Shareholder Ivory Investment Management LP Trimmed Its Stake as Stock Declined; Hanson & Doremus Investment Management Upped Stericycle (SRCL) Stake

May 14, 2018 - By Richard Conner

Stericycle, Inc. (NASDAQ:SRCL) Logo

Curtis Macnguyen decreased its stake in Nuance Communications Inc (NUAN) by 26.3% based on its latest 2017Q4 regulatory filing with the SEC. Ivory Investment Management Lp sold 1.60 million shares as the company’s stock declined 6.16% with the market. The hedge fund run by Curtis Macnguyen held 4.49 million shares of the technology company at the end of 2017Q4, valued at $73.49 million, down from 6.10M at the end of the previous reported quarter. Ivory Investment Management Lp who had been investing in Nuance Communications Inc for a number of months, seems to be less bullish one the $3.82 billion market cap company. The stock decreased 4.22% or $0.57 during the last trading session, reaching $12.93. About 8.62 million shares traded or 244.41% up from the average. Nuance Communications, Inc. (NASDAQ:NUAN) has declined 7.39% since May 14, 2017 and is downtrending. It has underperformed by 18.94% the S&P500.

Hanson & Doremus Investment Management increased its stake in Stericycle Inc (SRCL) by 34.33% based on its latest 2017Q4 regulatory filing with the SEC. Hanson & Doremus Investment Management bought 6,945 shares as the company’s stock declined 13.72% with the market. The institutional investor held 27,175 shares of the basic industries company at the end of 2017Q4, valued at $1.85 million, up from 20,230 at the end of the previous reported quarter. Hanson & Doremus Investment Management who had been investing in Stericycle Inc for a number of months, seems to be bullish on the $5.50 billion market cap company. The stock increased 0.30% or $0.19 during the last trading session, reaching $64.25. About 478,526 shares traded. Stericycle, Inc. (NASDAQ:SRCL) has declined 27.78% since May 14, 2017 and is downtrending. It has underperformed by 39.33% the S&P500.

Ivory Investment Management Lp, which manages about $3.62B and $1.75B US Long portfolio, upped its stake in Viavi Solutions Inc by 663,393 shares to 2.02M shares, valued at $17.63M in 2017Q4, according to the filing. It also increased its holding in Us Foods Hldg Corp by 308,080 shares in the quarter, for a total of 1.13M shares, and has risen its stake in Pitney Bowes Inc (NYSE:PBI).

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 36 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 17 by Canaccord Genuity. The rating was maintained by FBR Capital on Friday, August 7 with “Mkt Perform”. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) earned “Outperform” rating by Leerink Swann on Wednesday, May 11. The stock has “Outperform” rating by Leerink Swann on Wednesday, September 9. The firm has “Buy” rating given on Friday, March 23 by Canaccord Genuity. On Wednesday, November 29 the stock rating was maintained by Raymond James with “Buy”. The firm has “Hold” rating given on Monday, June 26 by Stifel Nicolaus. The rating was initiated by Barclays Capital on Friday, April 15 with “Equal-Weight”. Stifel Nicolaus maintained Nuance Communications, Inc. (NASDAQ:NUAN) on Tuesday, August 8 with “Hold” rating. Stifel Nicolaus maintained the shares of NUAN in report on Tuesday, November 28 with “Hold” rating.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.07, from 0.95 in 2017Q3. It turned negative, as 75 investors sold NUAN shares while 88 reduced holdings. 62 funds opened positions while 82 raised stakes. 233.98 million shares or 15.90% more from 201.88 million shares in 2017Q3 were reported. Atlantic Trust Grp Inc Incorporated Limited Liability Com holds 1,825 shares or 0% of its portfolio. Jane Street Group Ltd Liability Corp invested in 147,463 shares or 0.01% of the stock. 491,500 are held by Swiss National Bank & Trust. Ledyard Natl Bank holds 8,600 shares. Voya Limited Liability holds 0.02% of its portfolio in Nuance Communications, Inc. (NASDAQ:NUAN) for 454,295 shares. Numeric Investors Ltd, Massachusetts-based fund reported 15,600 shares. Gargoyle Investment Advisor Limited Com, New Jersey-based fund reported 39,386 shares. Verition Fund Mgmt Limited Liability Corp reported 107,947 shares. Parametric Assoc Ltd Liability Co, Washington-based fund reported 200,636 shares. Farmers Merchants Invests Inc reported 167,701 shares stake. Royal Fincl Bank Of Canada, Ontario – Canada-based fund reported 140,123 shares. D E Shaw accumulated 3.77M shares or 0.08% of the stock. Haverford Trust has invested 0.01% in Nuance Communications, Inc. (NASDAQ:NUAN). Wedge L LP Nc stated it has 35,574 shares. First Allied Advisory Svcs Inc owns 41,842 shares for 0.03% of their portfolio.

More recent Nuance Communications, Inc. (NASDAQ:NUAN) news were published by: Streetinsider.com which released: “Pre-Open Movers 05/10: (ARMO) (HEAR) (VTVT) Higher; (MDCA) (NUAN) (BKNG) Lower (more…)” on May 10, 2018. Also Nasdaq.com published the news titled: “This Industry Could Drive Nuance’s Recovery” on May 10, 2018. Globenewswire.com‘s news article titled: “Nuance Announces Second Quarter 2018 Results” with publication date: May 09, 2018 was also an interesting one.

Since March 1, 2018, it had 1 insider purchase, and 0 insider sales for $625,910 activity.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.19, from 0.89 in 2017Q3. It dropped, as 75 investors sold SRCL shares while 177 reduced holdings. 50 funds opened positions while 126 raised stakes. 76.99 million shares or 1.32% less from 78.02 million shares in 2017Q3 were reported. Louisiana State Employees Retirement System holds 0.02% or 5,200 shares. Wells Fargo & Co Mn reported 2.82M shares. 910 are held by Federated Invsts Inc Pa. 3,000 were reported by Fayez Sarofim And. Meeder Asset Mngmt Inc owns 9,871 shares or 0.06% of their US portfolio. Arizona State Retirement Systems accumulated 21,630 shares or 0.01% of the stock. Pictet Asset Mgmt Ltd reported 50,075 shares. Mcdonald Inc Ca holds 596,435 shares or 3.23% of its portfolio. Marble Harbor Inv Counsel Lc has invested 0.18% of its portfolio in Stericycle, Inc. (NASDAQ:SRCL). Washington-based Marshall And Sullivan Incorporated Wa has invested 0.62% in Stericycle, Inc. (NASDAQ:SRCL). Whittier Trust Co Of Nevada accumulated 700 shares. Evercore Wealth Mgmt Lc, New York-based fund reported 7,337 shares. Ftb Advisors reported 130 shares. Neuberger Berman Grp Limited Liability Company reported 18,298 shares or 0% of all its holdings. 7,870 were reported by Oppenheimer.

More important recent Stericycle, Inc. (NASDAQ:SRCL) news were published by: Globenewswire.com which released: “Stericycle, Inc. Reports Results for the First Quarter 2018” on May 03, 2018, also Globenewswire.com published article titled: “Stericycle to Participate in Two Investor Events”, Seekingalpha.com published: “Stericycle (SRCL) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. More interesting news about Stericycle, Inc. (NASDAQ:SRCL) was released by: Seekingalpha.com and their article: “Stericycle, Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: May 03, 2018.

Among 16 analysts covering Stericycle (NASDAQ:SRCL), 6 have Buy rating, 2 Sell and 8 Hold. Therefore 38% are positive. Stericycle had 58 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was upgraded by Stifel Nicolaus to “Buy” on Friday, October 28. The firm has “Underperform” rating by Robert W. Baird given on Friday, May 5. The stock of Stericycle, Inc. (NASDAQ:SRCL) earned “In-Line” rating by Imperial Capital on Thursday, May 26. RBC Capital Markets maintained Stericycle, Inc. (NASDAQ:SRCL) rating on Monday, June 26. RBC Capital Markets has “Sell” rating and $7400 target. The firm has “Buy” rating by Jefferies given on Friday, August 11. Jefferies maintained Stericycle, Inc. (NASDAQ:SRCL) rating on Friday, July 7. Jefferies has “Buy” rating and $10800 target. The stock of Stericycle, Inc. (NASDAQ:SRCL) has “Hold” rating given on Thursday, November 9 by Oppenheimer. BMO Capital Markets maintained the shares of SRCL in report on Friday, November 10 with “Market Perform” rating. Imperial Capital maintained it with “In-Line” rating and $115 target in Monday, February 8 report. The stock of Stericycle, Inc. (NASDAQ:SRCL) has “Perform” rating given on Friday, October 23 by Oppenheimer.

Hanson & Doremus Investment Management, which manages about $317.08 million and $300.41 million US Long portfolio, decreased its stake in Vodafone Group Adr (NASDAQ:VOD) by 11,002 shares to 78,508 shares, valued at $2.50 million in 2017Q4, according to the filing.

Stericycle, Inc. (NASDAQ:SRCL) Institutional Positions Chart

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