Pinnacle Financial Partners Upped 3M Co (MMM) Position By $352,165; Gagnon Securities Has Cut By $438,603 Its Benefitfocus (BNFT) Holding

February 24, 2018 - By Adrian Mccoy

Pinnacle Financial Partners Inc increased 3M Co (MMM) stake by 36.28% reported in 2017Q3 SEC filing. Pinnacle Financial Partners Inc acquired 1,685 shares as 3M Co (MMM)’s stock rose 7.02%. The Pinnacle Financial Partners Inc holds 6,329 shares with $1.33M value, up from 4,644 last quarter. 3M Co now has $141.15 billion valuation. The stock increased 0.43% or $1.02 during the last trading session, reaching $237.02. About 1.62M shares traded. 3M Company (NYSE:MMM) has risen 18.59% since February 24, 2017 and is uptrending. It has outperformed by 1.89% the S&P500.

Gagnon Securities Llc decreased Benefitfocus Inc (BNFT) stake by 50.97% reported in 2017Q3 SEC filing. Gagnon Securities Llc sold 13,291 shares as Benefitfocus Inc (BNFT)’s stock rose 5.84%. The Gagnon Securities Llc holds 12,783 shares with $430,000 value, down from 26,074 last quarter. Benefitfocus Inc now has $784.96M valuation. The stock increased 0.20% or $0.05 during the last trading session, reaching $25.1. About 109,320 shares traded. Benefitfocus, Inc. (NASDAQ:BNFT) has declined 9.60% since February 24, 2017 and is downtrending. It has underperformed by 26.30% the S&P500.

Gagnon Securities Llc increased Everbridge Inc stake by 98,912 shares to 317,971 valued at $8.40 million in 2017Q3. It also upped Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) stake by 31,562 shares and now owns 480,355 shares. Ces Energy Solutions Corp was raised too.

Analysts await Benefitfocus, Inc. (NASDAQ:BNFT) to report earnings on March, 14 after the close. They expect $-0.21 EPS, up 12.50% or $0.03 from last year’s $-0.24 per share. After $-0.20 actual EPS reported by Benefitfocus, Inc. for the previous quarter, Wall Street now forecasts 5.00% negative EPS growth.

Among 11 analysts covering Benefitfocus (NASDAQ:BNFT), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Benefitfocus had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by William Blair on Friday, November 3. Jefferies maintained it with “Buy” rating and $45 target in Thursday, August 4 report. Piper Jaffray maintained it with “Buy” rating and $43.0 target in Monday, September 11 report. Jefferies maintained the shares of BNFT in report on Wednesday, June 7 with “Buy” rating. Chardan Capital Markets initiated Benefitfocus, Inc. (NASDAQ:BNFT) on Friday, January 6 with “Buy” rating. As per Monday, May 23, the company rating was initiated by Goldman Sachs. RBC Capital Markets maintained Benefitfocus, Inc. (NASDAQ:BNFT) on Tuesday, July 28 with “Sector Perform” rating. As per Thursday, September 3, the company rating was upgraded by Zacks. The rating was maintained by Raymond James with “Outperform” on Thursday, July 27. The firm has “Buy” rating given on Wednesday, February 24 by Jefferies.

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.44, from 1.69 in 2017Q2. It is negative, as 15 investors sold BNFT shares while 17 reduced holdings. 10 funds opened positions while 30 raised stakes. 24.67 million shares or 0.46% more from 24.56 million shares in 2017Q2 were reported. Legal And General Group Inc Plc invested 0% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Tower Rech Capital Ltd Liability (Trc) stated it has 311 shares. Alliancebernstein LP has invested 0% in Benefitfocus, Inc. (NASDAQ:BNFT). Manufacturers Life Insur The holds 0% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT) for 12,970 shares. Amer Inc owns 10,654 shares or 0% of their US portfolio. Citadel Advisors Ltd Company owns 0.01% invested in Benefitfocus, Inc. (NASDAQ:BNFT) for 260,636 shares. Raymond James Tru Na has invested 0.02% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Macquarie stated it has 0% in Benefitfocus, Inc. (NASDAQ:BNFT). Voya Management Ltd Limited Liability Company accumulated 0% or 6,744 shares. Artisan Prtnrs Partnership reported 945,999 shares. Invesco Limited has 0% invested in Benefitfocus, Inc. (NASDAQ:BNFT) for 24,555 shares. Goldman Sachs Group invested 0.05% of its portfolio in Benefitfocus, Inc. (NASDAQ:BNFT). Essex Inv Llc holds 48,549 shares or 0.22% of its portfolio. First Mercantile Tru reported 3,394 shares. Envestnet Asset Mngmt stated it has 917 shares or 0% of all its holdings.

Investors sentiment decreased to 0.77 in Q3 2017. Its down 0.14, from 0.91 in 2017Q2. It dived, as 59 investors sold MMM shares while 612 reduced holdings. 101 funds opened positions while 417 raised stakes. 387.06 million shares or 0.01% more from 387.02 million shares in 2017Q2 were reported. American Interest Grp owns 182,979 shares or 0.14% of their US portfolio. Mondrian Invest Prns holds 300 shares or 0% of its portfolio. Prudential owns 0.31% invested in 3M Company (NYSE:MMM) for 905,977 shares. 4,051 were reported by Exchange Inc. Connors Investor Ser owns 47,585 shares. Greenleaf Trust owns 46,721 shares or 0.22% of their US portfolio. Alethea Capital Management Lc owns 5,000 shares or 1.23% of their US portfolio. Verition Fund Mgmt Lc holds 0.05% or 3,048 shares in its portfolio. Wooster Corthell Wealth Mngmt Inc reported 0.15% stake. Aqr Cap Management Ltd reported 505,888 shares. Commonwealth Equity Svcs holds 0.27% in 3M Company (NYSE:MMM) or 214,430 shares. Hedeker Wealth Llc stated it has 2.98% in 3M Company (NYSE:MMM). Sather Grp Incorporated owns 0.17% invested in 3M Company (NYSE:MMM) for 2,955 shares. Sabal Trust holds 123,059 shares or 2.58% of its portfolio. Gemmer Asset Limited Liability Company holds 0.04% of its portfolio in 3M Company (NYSE:MMM) for 446 shares.

Pinnacle Financial Partners Inc decreased Cardinal Health Inc (NYSE:CAH) stake by 9,391 shares to 6,893 valued at $461,000 in 2017Q3. It also reduced Allergan Plc stake by 4,259 shares and now owns 3,587 shares. Genuine Parts Co (NYSE:GPC) was reduced too.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 44% are positive. 3M had 79 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Credit Suisse on Friday, April 28. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Argus Research on Wednesday, October 25. The firm earned “Underweight” rating on Wednesday, September 20 by JP Morgan. On Wednesday, March 30 the stock rating was maintained by UBS with “Buy”. Jefferies maintained the shares of MMM in report on Thursday, December 14 with “Buy” rating. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, April 19 by Citigroup. The firm earned “Hold” rating on Wednesday, July 19 by Stifel Nicolaus. The stock of 3M Company (NYSE:MMM) earned “Underweight” rating by Morgan Stanley on Wednesday, March 30. The firm earned “Buy” rating on Wednesday, December 16 by UBS. The rating was upgraded by RBC Capital Markets on Wednesday, December 7 to “Sector Perform”.

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