November 30, 2016 - By Vivian Park · 0 Comments
Rackspace Hosting Inc (NYSE:RAX) institutional sentiment decreased to 0.74 in Q2 2016. Its down -0.22, from 0.96 in 2016Q1. The ratio worsened, as 117 funds increased or started new holdings, while 122 reduced and sold stakes in Rackspace Hosting Inc. The funds in our partner’s database reported: 103.33 million shares, down from 104.43 million shares in 2016Q1. Also, the number of funds holding Rackspace Hosting Inc in their top 10 holdings increased from 1 to 2 for an increase of 1. Sold All: 32 Reduced: 90 Increased: 77 New Position: 40.
Rackspace Hosting, Inc. operates in the managed cloud segment of the business information technology (IT) market. The company has a market cap of $. The Firm offers a portfolio of integrated IT solutions for common business needs. It currently has negative earnings. The Firm offers services for certain applications, including e-commerce and Web content management sites, business-productivity applications, such as e-mail and collaboration, and data stores.
It is down 32.57% since April 27, 2016 and is uptrending. It has outperformed by 27.35% the S&P500.
Blue Harbour Group L.P. holds 10.15% of its portfolio in Rackspace Hosting, Inc. for 11.75 million shares. Bhr Capital Llc owns 390,000 shares or 8.1% of their US portfolio. Moreover, Empire Capital Management L.L.C. has 1.54% invested in the company for 50,000 shares. The Massachusetts-based Sirios Capital Management L P has invested 1.52% in the stock. South Texas Money Management Ltd, a Texas-based fund reported 922,346 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 3 selling transactions for $623,346 net activity.
Ratings analysis reveals 41% of Rackspace’s analysts are positive. Out of 17 Wall Street analysts rating Rackspace, 7 give it “Buy”, 3 “Sell” rating, while 7 recommend “Hold”. The lowest target is $25 while the high is $55. The stock’s average target of $38.27 is 0.00% above today’s ($0) share price. RAX was included in 30 notes of analysts from August 10, 2015. The rating was downgraded by Raymond James on Tuesday, August 30 to “Underperform”. The firm earned “Outperform” rating on Tuesday, August 11 by Raymond James. The rating was downgraded by Raymond James on Tuesday, May 10 to “Outperform”. The stock of Rackspace Hosting, Inc. (NYSE:RAX) has “Overweight” rating given on Wednesday, November 11 by Barclays Capital. RBC Capital Markets maintained Rackspace Hosting, Inc. (NYSE:RAX) rating on Monday, January 18. RBC Capital Markets has “Outperform” rating and $31 price target. The firm earned “Market Perform” rating on Friday, August 26 by JMP Securities. The stock of Rackspace Hosting, Inc. (NYSE:RAX) has “Buy” rating given on Monday, November 2 by Bank of America. The company was maintained on Tuesday, August 11 by UBS. The firm has “Outperform” rating by RBC Capital Markets given on Friday, January 15. The firm earned “Buy” rating on Tuesday, August 11 by Stifel Nicolaus.
Range Resources Corporation, incorporated on March 26, 1980, is an independent natural gas, natural gas liquids (NGLs) and oil company. The Firm operates through the exploration and production of natural gas, NGLs and oil in the United States segment. The Firm is engaged in the exploration, development and acquisition of natural gas and oil properties, focused in the Appalachian region of the United States.
More notable recent Rackspace Hosting, Inc. (NYSE:RAX) news were published by: Wsj.com which released: “Rackspace Hosting Nears Sale to Private-Equity Firm” on August 04, 2016, also Fool.com with their article: “Rackspace Hosting, Inc. Earnings: Incremental Improvements” published on August 09, 2016, Fool.com published: “How Rackspace Hosting, Inc. Rose 34% in August” on September 02, 2016. More interesting news about Rackspace Hosting, Inc. (NYSE:RAX) were released by: Fool.com and their article: “Why Shares of Rackspace Hosting Inc. Slumped 46% in 2015” published on January 10, 2016 as well as Fool.com‘s news article titled: “Rackspace Hosting, Inc. Q1 Sales Rise 8%, Earnings Double” with publication date: May 10, 2016.
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By Vivian Park