RMG Networks Holding (RMGN) Forms $0.89 Double Bottom; Intrepid Capital Management Has Lowered Verizon Communications Com (VZ) Stake

February 12, 2018 - By Nellie Frank

Intrepid Capital Management Inc decreased Verizon Communications Inc Com (VZ) stake by 83.12% reported in 2017Q3 SEC filing. Intrepid Capital Management Inc sold 223,894 shares as Verizon Communications Inc Com (VZ)’s stock declined 7.66%. The Intrepid Capital Management Inc holds 45,460 shares with $2.25M value, down from 269,354 last quarter. Verizon Communications Inc Com now has $203.46 billion valuation. The stock increased 1.71% or $0.84 during the last trading session, reaching $49.88. About 27.71 million shares traded or 56.04% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 12, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

RMG Networks Holding Corporation (RMGN) formed double bottom with $0.81 target or 9.00% below today’s $0.89 share price. RMG Networks Holding Corporation (RMGN) has $9.87 million valuation. The stock decreased 18.06% or $0.195 during the last trading session, reaching $0.885. About 289,865 shares traded. RMG Networks Holding Corporation (NASDAQ:RMGN) has declined 27.40% since February 12, 2017 and is downtrending. It has underperformed by 44.10% the S&P500.

Analysts await RMG Networks Holding Corporation (NASDAQ:RMGN) to report earnings on March, 1. After $-0.17 actual EPS reported by RMG Networks Holding Corporation for the previous quarter, Wall Street now forecasts -11.76% EPS growth.

Among 2 analysts covering RMG Networks Holding Corporation (NASDAQ:RMGN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. RMG Networks Holding Corporation has $3.0 highest and $1.1000 lowest target. $2.10’s average target is 137.29% above currents $0.885 stock price. RMG Networks Holding Corporation had 6 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) earned “Buy” rating by Roth Capital on Wednesday, November 1. The stock of RMG Networks Holding Corporation (NASDAQ:RMGN) has “Buy” rating given on Friday, August 28 by Roth Capital. On Friday, August 28 the stock rating was initiated by TH Capital with “Buy”. Roth Capital maintained RMG Networks Holding Corporation (NASDAQ:RMGN) on Friday, March 11 with “Buy” rating. The rating was maintained by Roth Capital on Tuesday, August 1 with “Buy”. The company was downgraded on Wednesday, November 8 by Roth Capital.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. 12,567 are owned by Saybrook Capital Nc. Ally Fin Incorporated has 1.65% invested in Verizon Communications Inc. (NYSE:VZ) for 175,000 shares. Alphaone Invest Ser stated it has 0.14% in Verizon Communications Inc. (NYSE:VZ). Richard C Young And holds 225,025 shares. Conestoga Capital Advisors Ltd has invested 0.01% in Verizon Communications Inc. (NYSE:VZ). Advent Cap De invested in 0.12% or 125,000 shares. Delta Asset Mngmt Ltd Tn has invested 0.53% in Verizon Communications Inc. (NYSE:VZ). Wedgewood Pa has invested 1.17% in Verizon Communications Inc. (NYSE:VZ). Jupiter Asset Mgmt Limited has invested 1.91% in Verizon Communications Inc. (NYSE:VZ). Amer Assets Mgmt Ltd Liability Co invested 1.38% in Verizon Communications Inc. (NYSE:VZ). Advisory Incorporated stated it has 897,207 shares or 0.71% of all its holdings. Midas invested in 1.17% or 45,000 shares. Peoples Svcs Corp holds 1.72% or 61,238 shares. 610,364 were reported by Personal Capital Advsr Corp. The Tennessee-based Capwealth Advsr Limited has invested 1.44% in Verizon Communications Inc. (NYSE:VZ).

Since August 28, 2017, it had 0 insider purchases, and 3 sales for $89,365 activity. $29,658 worth of Verizon Communications Inc. (NYSE:VZ) was sold by SILLIMAN CRAIG L. on Friday, October 27.

Among 28 analysts covering Verizon Communications Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold. Therefore 25% are positive. Verizon Communications Inc. had 74 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, October 21, the company rating was maintained by FBR Capital. The firm has “Neutral” rating given on Tuesday, August 11 by MoffettNathanson. As per Monday, September 18, the company rating was maintained by Cowen & Co. The stock has “Hold” rating by Robert W. Baird on Wednesday, January 24. The rating was maintained by Cowen & Co with “Hold” on Tuesday, January 23. The stock of Verizon Communications Inc. (NYSE:VZ) has “Outperform” rating given on Wednesday, September 30 by RBC Capital Markets. The firm has “Hold” rating given on Wednesday, October 11 by KeyBanc Capital Markets. The stock of Verizon Communications Inc. (NYSE:VZ) has “Sector Perform” rating given on Wednesday, January 25 by RBC Capital Markets. On Thursday, January 19 the stock rating was initiated by HSBC with “Buy”. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, January 24.

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