Latest Stocks: ProShare Advisors LLC Sells 1,182 Shares of Renasant Corp. (RNST)

Latest Stocks: ProShare Advisors LLC Sells 1,182 Shares of Renasant Corp. (RNST)

ProShare Advisors LLC decreased its stake in shares of Renasant Corp. (NASDAQ:RNST) by 16.7% during the first quarter, according to its most recent filing with the SEC. The fund owned 5,895 shares of the financial services provider’s stock after selling 1,182 shares during the period. ProShare Advisors LLC’s holdings in Renasant Corp. were worth $234,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. boosted its position in shares of Renasant Corp. by 26.5% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 4,300 shares of the financial services provider’s stock valued at $145,000 after buying an additional 900 shares during the period. New York State Teachers Retirement System bought a new position in shares of Renasant Corp. during the fourth quarter valued at $152,000. Envestnet Asset Management Inc. boosted its position in shares of Renasant Corp. by 4.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,490 shares of the financial services provider’s stock valued at $273,000 after buying an additional 302 shares during the period. Boothbay Fund Management LLC bought a new position in shares of Renasant Corp. during the fourth quarter valued at $275,000. Finally, Smith Shellnut Wilson LLC ADV bought a new position in shares of Renasant Corp. during the fourth quarter valued at $277,000. Institutional investors and hedge funds own 59.29% of the company’s stock.

Shares of Renasant Corp. (RNST) opened at 41.36 on Tuesday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 18.89 and a beta of 1.02. Renasant Corp. has a 12 month low of $30.21 and a 12 month high of $44.65. The stock’s 50 day moving average price is $41.74 and its 200 day moving average price is $41.09.

Renasant Corp. (NASDAQ:RNST) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Renasant Corp. had a return on equity of 8.75% and a net margin of 19.50%. The business had revenue of $106.04 million for the quarter, compared to the consensus estimate of $109.87 million. During the same period in the previous year, the company posted $0.54 earnings per share. Analysts expect that Renasant Corp. will post $2.23 EPS for the current year.

RNST has been the topic of several recent analyst reports. Zacks Investment Research upgraded Renasant Corp. from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Wednesday, April 12th. Jefferies Group LLC restated a “hold” rating and set a $44.00 price objective on shares of Renasant Corp. in a research note on Wednesday, April 5th. Finally, Keefe, Bruyette & Woods set a $43.00 price objective on Renasant Corp. and gave the company a “hold” rating in a research note on Saturday, May 27th. In other news, EVP R Rick Hart sold 5,304 shares of the company’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $40.70, for a total transaction of $215,872.80. Following the transaction, the executive vice president now directly owns 77,718 shares of the company’s stock, valued at $3,163,122.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael D. Ross sold 1,492 shares of the company’s stock in a transaction on Monday, March 13th. The shares were sold at an average price of $40.85, for a total value of $60,948.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,796 shares of company stock worth $813,321. Corporate insiders own 5.18% of the company’s stock.

Want to see what other hedge funds are holding RNST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Renasant Corp. (NASDAQ:RNST).

Related posts

Leave a Comment