NASDAQ:RNET', 'RigNet Inc', 'http://weeklyregister.com/weekly-register-logo.png');

Pro-Rignet Inc Institutional Investors Sentiment Runs High in Q2 2017

November 15, 2017 - By Marguerite Chambers

 Pro Rignet Inc Institutional Investors Sentiment Runs High in  Q2 2017

Sentiment for Rignet Inc (NASDAQ:RNET)

Rignet Inc (NASDAQ:RNET) institutional sentiment decreased to 1.13 in Q2 2017. Its down -0.35, from 1.48 in 2017Q1. The ratio dived, as 35 investment professionals opened new or increased stock positions, while 31 sold and decreased their holdings in Rignet Inc. The investment professionals in our partner’s database reported: 15.85 million shares, down from 16.74 million shares in 2017Q1. Also, the number of investment professionals holding Rignet Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 7 Reduced: 24 Increased: 24 New Position: 11.

RigNet, Inc. provides customized systems and solutions serving clients with data networking and operational requirements. The company has market cap of $264.27 million. The Firm provides voice and data network, video conferencing and monitoring, crew welfare, asset and weather monitoring, and real-time data services. It currently has negative earnings. It operates through two divisions: Managed Services, and Systems Integration and Automation (SI&A).

About 5,615 shares traded. RigNet Inc (NASDAQ:RNET) has risen 36.15% since November 15, 2016 and is uptrending. It has outperformed by 19.45% the S&P500.

Cannell Capital Llc holds 1.28% of its portfolio in RigNet Inc for 280,410 shares. Kohlberg Kravis Roberts & Co. L.P. owns 4.75 million shares or 0.92% of their US portfolio. Moreover, Arrowmark Colorado Holdings Llc has 0.53% invested in the company for 2.69 million shares. The Minnesota-based Punch & Associates Investment Management Inc. has invested 0.33% in the stock. Tfs Capital Llc, a Pennsylvania-based fund reported 48,331 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $29,523 activity.

RigNet Inc (NASDAQ:RNET) Ratings Coverage

Ratings analysis reveals 67% of RigNet’s analysts are positive. Out of 3 Wall Street analysts rating RigNet, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $17.0 while the high is $35. The stock’s average target of $29 is 100.00% above today’s ($14.5) share price. RNET was included in 6 notes of analysts from August 5, 2015. The firm has “Buy” rating given on Tuesday, June 28 by Sidoti. The stock of RigNet Inc (NASDAQ:RNET) has “Neutral” rating given on Tuesday, November 10 by Sidoti. The stock has “Hold” rating by Oppenheimer on Wednesday, August 5. The firm has “Buy” rating by Sidoti given on Monday, August 31. On Wednesday, August 16 the stock rating was maintained by Piper Jaffray with “Hold”.

More notable recent RigNet Inc (NASDAQ:RNET) news were published by: Fool.com which released: “RigNet Inc. Finally Hits Bottom” on March 08, 2017, also Globenewswire.com with their article: “RigNet Announces Strategic Asset Acquisition of Data Technology Solutions (DTS)” published on July 24, 2017, Globenewswire.com published: “RigNet Announces Acquisition of Cyphre Security Solutions (CSS), A Provider of …” on May 22, 2017. More interesting news about RigNet Inc (NASDAQ:RNET) were released by: Globenewswire.com and their article: “RigNet Completes Asset Acquisition of Energy Satellite Services (ESS)” published on July 31, 2017 as well as Fool.com‘s news article titled: “New Technologies Help Push RigNet Inc.’s Revenue Higher” with publication date: November 07, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.