Highland Capital Management LP Has Raised Its Pampa Energia S A (PAM) Stake; As Nuance Communications (NUAN) Stock Rose, Shannon River Fund Management Has Cut by $22.63 Million Its Stake

February 19, 2018 - By Ellis Scott

James Dondero increased its stake in Pampa Energia S A (PAM) by 99.88% based on its latest 2017Q3 regulatory filing with the SEC. Highland Capital Management Lp bought 56,630 shares as the company’s stock rose 26.59% with the market. The hedge fund run by James Dondero held 113,330 shares of the central company at the end of 2017Q3, valued at $7.38M, up from 56,700 at the end of the previous reported quarter. Highland Capital Management Lp who had been investing in Pampa Energia S A for a number of months, seems to be bullish on the $5.30 billion market cap company. The stock increased 2.65% or $1.65 during the last trading session, reaching $63.93. About 552,084 shares traded or 99.35% up from the average. Pampa Energía S.A. (NYSE:PAM) has risen 176.38% since February 19, 2017 and is uptrending. It has outperformed by 159.68% the S&P500.

Spencer M. Waxman decreased its stake in Nuance Communications Inc (NUAN) by 64.45% based on its latest 2017Q3 regulatory filing with the SEC. Shannon River Fund Management Llc sold 1.51M shares as the company’s stock rose 11.20% with the market. The hedge fund run by Spencer M. Waxman held 832,290 shares of the technology company at the end of 2017Q3, valued at $13.08 million, down from 2.34 million at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in Nuance Communications Inc for a number of months, seems to be less bullish one the $4.89 billion market cap company. The stock increased 0.36% or $0.06 during the last trading session, reaching $16.66. About 2.00M shares traded. Nuance Communications, Inc. (NASDAQ:NUAN) has risen 16.56% since February 19, 2017 and is uptrending. It has underperformed by 0.14% the S&P500.

Investors sentiment increased to 0.95 in 2017 Q3. Its up 0.06, from 0.89 in 2017Q2. It is positive, as 49 investors sold NUAN shares while 98 reduced holdings. 40 funds opened positions while 100 raised stakes. 201.88 million shares or 0.45% less from 202.79 million shares in 2017Q2 were reported. Nordea Invest Mngmt Ab holds 4,004 shares. Moreover, First Eagle Invest Management Limited Liability Co has 0% invested in Nuance Communications, Inc. (NASDAQ:NUAN) for 700 shares. 191,963 are owned by State Of Wisconsin Invest Board. 154,300 were accumulated by Boston Ptnrs. Bridgewater Associate LP holds 0% or 11,782 shares. Granite Point Capital Mngmt Limited Partnership reported 34,400 shares stake. First Allied Advisory Svcs Inc accumulated 0.02% or 32,114 shares. Moors And Cabot invested in 0.03% or 13,215 shares. Campbell Invest Adviser Lc owns 19,937 shares for 0.25% of their portfolio. Hightower Advsrs Limited Liability reported 198,765 shares. Stonebridge Capital Mngmt owns 21,200 shares or 0.13% of their US portfolio. Mitsubishi Ufj Trust And invested in 0.02% or 574,189 shares. 1.19M are held by Staley Cap Advisers. Northern Tru owns 1.52 million shares. British Columbia Investment Mngmt Corporation holds 133,528 shares or 0.02% of its portfolio.

Shannon River Fund Management Llc, which manages about $2.55B and $305.64 million US Long portfolio, upped its stake in Zynga Inc (NASDAQ:ZNGA) by 682,954 shares to 1.94M shares, valued at $7.34 million in 2017Q3, according to the filing. It also increased its holding in 8X8 Inc New (NASDAQ:EGHT) by 367,459 shares in the quarter, for a total of 583,657 shares, and has risen its stake in Commvault Systems Inc (NASDAQ:CVLT).

Among 11 analysts covering Nuance Communications (NASDAQ:NUAN), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Nuance Communications had 35 analyst reports since August 7, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Buy” rating and $23.0 target in Friday, February 9 report. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, August 8. As per Thursday, November 2, the company rating was upgraded by Morgan Stanley. On Friday, April 15 the stock rating was initiated by Barclays Capital with “Equal-Weight”. The stock has “Outperform” rating by Oppenheimer on Tuesday, November 17. Canaccord Genuity maintained the shares of NUAN in report on Wednesday, May 11 with “Buy” rating. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Neutral” rating given on Tuesday, August 9 by UBS. The firm has “Equal-Weight” rating given on Tuesday, July 25 by Morgan Stanley. Leerink Swann maintained Nuance Communications, Inc. (NASDAQ:NUAN) rating on Wednesday, May 11. Leerink Swann has “Outperform” rating and $22 target. The stock of Nuance Communications, Inc. (NASDAQ:NUAN) has “Hold” rating given on Monday, June 26 by Stifel Nicolaus.

Since September 1, 2017, it had 0 buys, and 3 selling transactions for $280,106 activity. Tempesta Daniel David had sold 6,500 shares worth $103,932 on Friday, September 1.

Among 2 analysts covering Pampa Energia SA (NYSE:PAM), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Pampa Energia SA had 2 analyst reports since October 8, 2015 according to SRatingsIntel. Santander initiated it with “Buy” rating and $25 target in Thursday, October 8 report.

Highland Capital Management Lp, which manages about $15.04 billion and $2.27B US Long portfolio, decreased its stake in Comcast Corp New (NASDAQ:CMCSA) by 39,000 shares to 184,470 shares, valued at $7.10 million in 2017Q3, according to the filing. It also reduced its holding in Jetblue Airways Corp (NASDAQ:JBLU) by 87,750 shares in the quarter, leaving it with 14,000 shares, and cut its stake in Mplx Lp (NYSE:MPLX).

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