Stock Worth Watching: Renal Care Group Inc (NYSE:RCI) Institutional Investors Sentiment Crashes in Q2 2016

November 30, 2016 - By Peter Erickson   ·   0 Comments

Stock Worth Watching: Renal Care Group Inc (NYSE:RCI) Institutional Investors Sentiment  Crashes in  Q2 2016

Sentiment for Renal Care Group Inc (NYSE:RCI)

Renal Care Group Inc (NYSE:RCI) institutional sentiment decreased to 0.89 in Q2 2016. Its down -0.16, from 1.05 in 2016Q1. The ratio dropped, as 104 active investment managers increased or started new equity positions, while 99 sold and reduced positions in Renal Care Group Inc. The active investment managers in our partner’s database now have: 248.51 million shares, up from 244.58 million shares in 2016Q1. Also, the number of active investment managers holding Renal Care Group Inc in their top 10 equity positions increased from 6 to 8 for an increase of 2. Sold All: 28 Reduced: 71 Increased: 85 New Position: 19.

Rogers Communications Inc. is a communications and media company. The company has a market cap of $20.06 billion. The Firm provides wireless communications services, and cable television, Internet and telephony services to clients and businesses. It has a 23 P/E ratio. The Firm operates through four divisions: Wireless, Cable, Business Solutions and Media.

About 78,641 shares traded hands. Rogers Communications Inc. (USA) (NYSE:RCI) has risen 0.67% since April 27, 2016 and is uptrending. It has underperformed by 4.56% the S&P500.

Analysts await Rogers Communications Inc. (USA) (NYSE:RCI) to report earnings on January, 25. They expect $0.54 earnings per share, up 17.39% or $0.08 from last year’s $0.46 per share. RCI’s profit will be $281.65M for 17.81 P/E if the $0.54 EPS becomes a reality. After $0.60 actual earnings per share reported by Rogers Communications Inc. (USA) for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

According to Zacks Investment Research, “Rogers Communications is Canada’s national communications company engaged in Digital PCS, cellular, messaging and data communications through Rogers AT&T Wireless; in cable television, high-speed Internet access and video retailing through Rogers Cable; and in radio and television broadcasting, tele-shopping, publishing and new media businesses through Rogers Media. Rogers AT&T Wireless is Canada’s largest national wireless communications service provider offering subscribers a broad spectrum of wireless communications products and services.”

Beutel Goodman & Co Ltd. holds 9.66% of its portfolio in Rogers Communications Inc. (USA) for 23.40 million shares. Symons Capital Management Inc owns 558,095 shares or 5.24% of their US portfolio. Moreover, Bank Of Nova Scotia Trust Co has 3.49% invested in the company for 660,331 shares. The Ontario – Canada-based Baskin Financial Services Inc. has invested 3.44% in the stock. Cidel Asset Management Inc, a Ontario – Canada-based fund reported 1.39 million shares.#img1#

Rogers Communications Inc. (USA) (NYSE:RCI) Ratings Coverage

Ratings analysis reveals 50% of Rogers Comms’s analysts are positive. Out of 6 Wall Street analysts rating Rogers Comms, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $40 while the high is $40. The stock’s average target of $40 is 4.00% above today’s ($38.46) share price. RCI was included in 7 notes of analysts from October 9, 2015. Barclays Capital maintained it with “Equal-Weight” rating and $40 target price in Friday, October 14 report. The firm earned “Outperform” rating on Tuesday, October 20 by Macquarie Research. The stock of Rogers Communications Inc. (USA) (NYSE:RCI) earned “Sector Outperform” rating by IBC on Friday, October 9. The firm earned “Neutral” rating on Friday, December 4 by Goldman Sachs. The stock of Rogers Communications Inc. (USA) (NYSE:RCI) has “Buy” rating given on Friday, December 11 by TD Securities. Morgan Stanley downgraded the shares of RCI in a report on Thursday, December 17 to “Equal-Weight” rating.

More notable recent Rogers Communications Inc. (USA) (NYSE:RCI) news were published by: Fool.ca which released: “BCE Inc. vs. Rogers Communications Inc.: Which Is the Better Investment?” on November 30, 2016, also Fool.ca with their article: “Will a New CEO Lead Rogers Communications Inc. to New Highs?” published on October 18, 2016, Fool.ca published: “Why Rogers Communications Inc. Is up Over 3% Today” on July 21, 2016. More interesting news about Rogers Communications Inc. (USA) (NYSE:RCI) were released by: Fool.ca and their article: “Will Rogers Communications Inc. Grow its 3.36% Dividend?” published on September 06, 2016 as well as Fool.ca‘s news article titled: “Which Is the Better Investment: BCE Inc. or Rogers Communications Inc.?” with publication date: May 25, 2016.

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By Peter Erickson

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