Renasant Corp. (RNST) Reaches $40.82 Formed H&S; Qci Asset Management Lowered By $761,312 Its Altria Group Com (MO) Position

November 15, 2017 - By Stephen Andrade

Renasant Corp. (RNST) formed H&S with $37.96 target or 7.00% below today’s $40.82 share price. Renasant Corp. (RNST) has $2.01B valuation. The stock increased 0.39% or $0.16 during the last trading session,

reaching $40.82. About shares traded. Renasant Corp. (NASDAQ:RNST) has risen 22.29% since November 15, 2016 and is uptrending. It has outperformed by 5.59% the S&P500.

Qci Asset Management Inc decreased Altria Group Inc Com (MO) stake by 4.34% reported in 2017Q2 SEC filing. Qci Asset Management Inc sold 10,288 shares as Altria Group Inc Com (MO)’s stock declined 2.84%. The Qci Asset Management Inc holds 226,938 shares with $16.90 million value, down from 237,226 last quarter. Altria Group Inc Com now has $125.43B valuation. The stock decreased 0.15% or $0.1 during the last trading session, reaching $65.73. About shares traded. Altria Group Inc (NYSE:MO) has risen 11.92% since November 15, 2016 and is uptrending. It has underperformed by 4.78% the S&P500.

Among 5 analysts covering Renasant (NASDAQ:RNST), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Renasant had 14 analyst reports since October 22, 2015 according to SRatingsIntel. The rating was upgraded by Hilliard Lyons to “Buy” on Thursday, April 28. The firm has “Outperform” rating by Raymond James given on Monday, September 12. Stephens maintained Renasant Corp. (NASDAQ:RNST) on Wednesday, July 19 with “Hold” rating. The firm earned “Hold” rating on Thursday, September 28 by Keefe Bruyette & Woods. Jefferies maintained the shares of RNST in report on Friday, August 11 with “Hold” rating. The rating was upgraded by Hilliard Lyons to “Long-Term Buy” on Thursday, January 21. The rating was downgraded by Keefe Bruyette & Woods on Tuesday, November 29 to “Mkt Perform”. Keefe Bruyette & Woods maintained it with “Hold” rating and $4300 target in Friday, May 26 report. The stock of Renasant Corp. (NASDAQ:RNST) has “Hold” rating given on Monday, November 28 by Jefferies. Jefferies maintained the shares of RNST in report on Friday, June 9 with “Hold” rating.

Analysts await Renasant Corp. (NASDAQ:RNST) to report earnings on January, 16. They expect $0.61 EPS, up 3.39% or $0.02 from last year’s $0.59 per share. RNST’s profit will be $30.04M for 16.73 P/E if the $0.61 EPS becomes a reality. After $0.62 actual EPS reported by Renasant Corp. for the previous quarter, Wall Street now forecasts -1.61% negative EPS growth.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.01, from 0.9 in 2017Q1. It improved, as 63 investors sold MO shares while 529 reduced holdings. 97 funds opened positions while 444 raised stakes. 1.16 billion shares or 0.78% less from 1.17 billion shares in 2017Q1 were reported. 10.44 million were accumulated by Goldman Sachs Group Inc. Corda Mngmt accumulated 37,461 shares or 0.4% of the stock. Montag A And owns 9,263 shares. Convergence Prtn Ltd Liability reported 57,341 shares or 0.62% of all its holdings. Mount Vernon Associate Incorporated Md reported 0.42% in Altria Group Inc (NYSE:MO). Strs Ohio holds 1.08M shares or 0.36% of its portfolio. Inr Advisory Limited Liability Company has 0.02% invested in Altria Group Inc (NYSE:MO) for 1,800 shares. Oregon-based Becker Capital Mgmt Inc has invested 0.01% in Altria Group Inc (NYSE:MO). Ahl Prtn Limited Liability Partnership reported 0.07% in Altria Group Inc (NYSE:MO). Wealthtrust invested 0.01% in Altria Group Inc (NYSE:MO). Silvercrest Asset Grp Ltd Llc accumulated 205,871 shares or 0.16% of the stock. Vantage Investment Advsr Lc accumulated 75,798 shares. Cypress Asset Management Inc Tx invested 0.35% of its portfolio in Altria Group Inc (NYSE:MO). 80,550 were accumulated by Hm Payson. Reilly Herbert Faulkner Iii reported 2,870 shares.

Since May 23, 2017, it had 0 insider buys, and 1 insider sale for $361,725 activity. 5,000 shares were sold by MUNOZ GEORGE, worth $361,725.

Qci Asset Management Inc increased Schlumberger Ltd (NYSE:SLB) stake by 6,367 shares to 182,583 valued at $12.02 million in 2017Q2. It also upped Granite Construction Inc (NYSE:GVA) stake by 20,237 shares and now owns 287,409 shares. Duke Energy Corp. (NYSE:DUK) was raised too.

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Altria Group Inc. had 50 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 17 by Stifel Nicolaus. RBC Capital Markets maintained Altria Group Inc (NYSE:MO) on Friday, May 26 with “Sell” rating. The stock of Altria Group Inc (NYSE:MO) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, November 29. On Thursday, July 27 the stock rating was maintained by Piper Jaffray with “Buy”. Stifel Nicolaus maintained Altria Group Inc (NYSE:MO) on Monday, June 27 with “Buy” rating. The rating was maintained by Wells Fargo on Monday, July 31 with “Buy”. Vetr upgraded the stock to “Strong-Buy” rating in Wednesday, September 2 report. The rating was maintained by Stifel Nicolaus on Monday, October 23 with “Buy”. The firm has “Neutral” rating by UBS given on Friday, October 27. Jefferies initiated the shares of MO in report on Wednesday, September 21 with “Hold” rating.

Analysts await Altria Group Inc (NYSE:MO) to report earnings on February, 7. They expect $0.81 EPS, up 19.12% or $0.13 from last year’s $0.68 per share. MO’s profit will be $1.55 billion for 20.29 P/E if the $0.81 EPS becomes a reality. After $0.90 actual EPS reported by Altria Group Inc for the previous quarter, Wall Street now forecasts -10.00% negative EPS growth.

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