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Adage Capital Partners Gp Increases Holding in Pinnacle West Cap (PNW); Bank Amer (BAC) Market Valuation Declined While Eagleclaw Capital Managment Increased by $307,500 Its Position

Eagleclaw Capital Managment Llc increased its stake in Bank Amer Corp (BAC) by 18.21% based on its latest 2017Q3 regulatory filing with the SEC. Eagleclaw Capital Managment Llc bought 12,300 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 79,850 shares of the major banks company at the end of 2017Q3, valued at $2.02 million, up from 67,550 at the end of the previous reported quarter. Eagleclaw Capital Managment Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $317.77B market cap company. The stock decreased 2.48% or $0.775 during the last trading session, reaching $30.465. About 43.25M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 17, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Phill Gross increased its stake in Pinnacle West Cap Corp (PNW) by 17.7% based on its latest 2017Q3 regulatory filing with the SEC. Adage Capital Partners Gp Llc bought 98,300 shares as the company’s stock rose 7.46% with the market. The hedge fund run by Phill Gross held 653,794 shares of the central company at the end of 2017Q3, valued at $55.29 million, up from 555,494 at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Pinnacle West Cap Corp for a number of months, seems to be bullish on the $8.90B market cap company. The stock increased 1.00% or $0.79 during the last trading session, reaching $79.65. About 87,208 shares traded. Pinnacle West Capital Corporation (NYSE:PNW) has risen 18.43% since January 17, 2017 and is uptrending. It has outperformed by 1.73% the S&P500.

Investors sentiment increased to 1.3 in 2017 Q3. Its up 0.44, from 0.86 in 2017Q2. It increased, as 18 investors sold PNW shares while 129 reduced holdings. 52 funds opened positions while 139 raised stakes. 89.24 million shares or 1.50% less from 90.60 million shares in 2017Q2 were reported. Motco accumulated 250 shares. Lombard Odier Asset Mngmt (Switzerland) invested 0.3% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Barclays Public Limited reported 169,929 shares stake. Opus Mgmt holds 0.87% or 56,900 shares. Us Bank & Trust De owns 60,355 shares for 0.02% of their portfolio. Highvista Strategies Ltd Limited Liability Company invested in 5,700 shares. Magellan Asset Limited stated it has 74,563 shares or 0.02% of all its holdings. Ls Ltd Liability owns 18,242 shares or 0.09% of their US portfolio. Exxonmobil Inv Mgmt Inc Tx holds 0.04% or 20,384 shares. Pictet Asset Mngmt Ltd invested in 377,486 shares. Virginia Retirement Et Al holds 0.34% or 333,900 shares in its portfolio. Williams Jones & Assocs Lc owns 6,800 shares for 0.01% of their portfolio. Parkside Financial Bank Tru has invested 0.01% of its portfolio in Pinnacle West Capital Corporation (NYSE:PNW). Next Finance Gru Inc invested in 850 shares. First Manhattan Co holds 0.01% or 29,495 shares.

Among 12 analysts covering Pinnacle West Capital Corporation (NYSE:PNW), 0 have Buy rating, 2 Sell and 10 Hold. Therefore 0 are positive. Pinnacle West Capital Corporation had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Williams Capital Group given on Tuesday, March 7. The firm earned “Hold” rating on Thursday, August 3 by BMO Capital Markets. The firm earned “Hold” rating on Sunday, July 23 by RBC Capital Markets. The firm has “Neutral” rating given on Monday, September 26 by SunTrust. RBC Capital Markets maintained it with “Hold” rating and $89.0 target in Sunday, August 27 report. The stock of Pinnacle West Capital Corporation (NYSE:PNW) earned “Hold” rating by RBC Capital Markets on Sunday, October 1. The stock of Pinnacle West Capital Corporation (NYSE:PNW) has “Hold” rating given on Tuesday, January 26 by Evercore. Mizuho maintained it with “Neutral” rating and $81 target in Monday, February 27 report. The stock of Pinnacle West Capital Corporation (NYSE:PNW) earned “Neutral” rating by SunTrust on Monday, October 19. As per Tuesday, August 30, the company rating was maintained by Williams Capital Group.

Adage Capital Partners Gp Llc, which manages about $41.15 billion US Long portfolio, decreased its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA) by 1.39M shares to 123,098 shares, valued at $3.25 million in 2017Q3, according to the filing. It also reduced its holding in Invesco Ltd (NYSE:IVZ) by 206,100 shares in the quarter, leaving it with 581,469 shares, and cut its stake in Rite Aid Corp (NYSE:RAD).

Since August 23, 2017, it had 0 buys, and 4 sales for $4.11 million activity. $413,908 worth of Pinnacle West Capital Corporation (NYSE:PNW) was sold by Falck David P on Thursday, August 24. 35,013 shares were sold by BRANDT DONALD E, worth $3.14 million on Wednesday, August 23.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, November 29 report. JP Morgan maintained it with “Overweight” rating and $28.5 target in Wednesday, November 1 report. Robert W. Baird maintained it with “Hold” rating and $24.0 target in Tuesday, October 31 report. The company was maintained on Friday, August 11 by Jefferies. Deutsche Bank maintained the shares of BAC in report on Tuesday, August 25 with “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Overweight” rating given on Wednesday, December 21 by Atlantic Securities. Deutsche Bank maintained the shares of BAC in report on Tuesday, January 26 with “Buy” rating. The firm has “Neutral” rating by UBS given on Wednesday, January 11. The firm has “Neutral” rating given on Monday, October 16 by UBS. The company was maintained on Monday, October 16 by BMO Capital Markets.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $2.10 million activity.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Cambridge Financial has 3.02% invested in Bank of America Corporation (NYSE:BAC) for 227,989 shares. Salzhauer Michael holds 16.75% of its portfolio in Bank of America Corporation (NYSE:BAC) for 1.54M shares. Murphy Cap Mgmt holds 0.12% or 32,065 shares. Mirae Asset Glob Investments holds 1.73 million shares or 0.8% of its portfolio. Boltwood Cap holds 11,152 shares. Sandhill Cap Partners Ltd Llc holds 4.55% in Bank of America Corporation (NYSE:BAC) or 922,776 shares. First Tru Advsrs Ltd Partnership owns 2.63M shares for 0.17% of their portfolio. Point72 Asia (Hong Kong) Limited accumulated 0.12% or 6,930 shares. Boston Private Wealth Ltd Liability, Massachusetts-based fund reported 460,261 shares. Meiji Yasuda Asset Mgmt has invested 0.65% in Bank of America Corporation (NYSE:BAC). State Bank Of Hawaii owns 29,798 shares. Bessemer Grp reported 0.01% of its portfolio in Bank of America Corporation (NYSE:BAC). Inspirion Wealth Limited Company reported 23,800 shares. Adams Asset Advisors Llc accumulated 77,967 shares. 7.18M were reported by Sei Investments.

Eagleclaw Capital Managment Llc, which manages about $183.66M and $176.74M US Long portfolio, decreased its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 6,092 shares to 37,127 shares, valued at $2.35M in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 4,281 shares in the quarter, leaving it with 61,642 shares, and cut its stake in Home Depot Inc (NYSE:HD).

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