PGT Innovations (PGTI) Reaches $15.20 52-Week High; Manning & Napier Advisors Decreased Verisign (VRSN) Position

November 14, 2017 - By Ellis Scott

Manning & Napier Advisors Llc decreased Verisign Inc (VRSN) stake by 15.62% reported in 2017Q2 SEC filing. Manning & Napier Advisors Llc sold 8,600 shares as Verisign Inc (VRSN)’s stock rose 8.37%. The Manning & Napier Advisors Llc holds 46,470 shares with $4.32 million value, down from 55,070 last quarter. Verisign Inc now has $10.97B valuation. The stock rose 0.14% or $0.16 reaching $111.34. About 140,764 shares traded. Verisign, Inc. (NASDAQ:VRSN) has risen 7.59% since November 14, 2016 and is uptrending. It has underperformed by 9.11% the S&P500.

The stock of PGT Innovations Inc (NYSE:PGTI) hit a new 52-week high and has $15.96 target or 5.00% above today’s $15.20 share price. The 6 months bullish chart indicates low risk for the $754.84 million company. The 1-year high was reported on Nov, 14 by Barchart.com. If the $15.96 price target is reached, the company will be worth $37.74 million more. About 131,377 shares traded. PGT Innovations Inc (NYSE:PGTI) has risen 15.38% since November 14, 2016 and is uptrending. It has underperformed by 1.32% the S&P500.

Investors sentiment increased to 0.09 in 2017 Q2. Its up 0.04, from 0.05 in 2017Q1. It is positive, as 34 investors sold VRSN shares while 1 reduced holdings. 2 funds opened positions while 1 raised stakes. 46.92 million shares or 1.22% less from 47.50 million shares in 2017Q1 were reported. Bank Of New York Mellon Corp invested 0% in Verisign, Inc. (NASDAQ:VRSN). Commercial Bank Of Nova Scotia invested in 5.56M shares or 0.08% of the stock. 259,000 are held by Penn Cap Management. State Street Corp stated it has 40.25M shares.

Analysts await Verisign, Inc. (NASDAQ:VRSN) to report earnings on February, 8. They expect $0.89 earnings per share, up 5.95% or $0.05 from last year’s $0.84 per share. VRSN’s profit will be $87.69M for 31.28 P/E if the $0.89 EPS becomes a reality. After $0.89 actual earnings per share reported by Verisign, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 5 analysts covering VeriSign (NASDAQ:VRSN), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. VeriSign had 14 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, January 5, the company rating was downgraded by Citigroup. The firm earned “Buy” rating on Monday, July 27 by Topeka Capital Markets. On Thursday, August 31 the stock rating was maintained by Robert W. Baird with “Hold”. Robert W. Baird maintained Verisign, Inc. (NASDAQ:VRSN) on Thursday, October 26 with “Hold” rating. The stock of Verisign, Inc. (NASDAQ:VRSN) earned “Hold” rating by Robert W. Baird on Friday, October 6. Citigroup maintained Verisign, Inc. (NASDAQ:VRSN) on Friday, October 27 with “Neutral” rating. Citigroup upgraded Verisign, Inc. (NASDAQ:VRSN) on Wednesday, April 12 to “Neutral” rating. The rating was maintained by Cowen & Co on Friday, October 2 with “Hold”. Cowen & Co maintained Verisign, Inc. (NASDAQ:VRSN) rating on Friday, October 27. Cowen & Co has “Hold” rating and $103.0 target.

Manning & Napier Advisors Llc increased Conocophillips (NYSE:COP) stake by 32,750 shares to 54,665 valued at $2.40 million in 2017Q2. It also upped Us Bancorp Del (NYSE:USB) stake by 23,243 shares and now owns 253,768 shares. Smucker J M Co (NYSE:SJM) was raised too.

Analysts await PGT Innovations Inc (NYSE:PGTI) to report earnings on February, 20. They expect $0.13 EPS, up 30.00% or $0.03 from last year’s $0.1 per share. PGTI’s profit will be $6.46M for 29.23 P/E if the $0.13 EPS becomes a reality. After $0.16 actual EPS reported by PGT Innovations Inc for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

PGT Innovations, Inc., formerly PGT, Inc., is a maker of impact-resistant windows and doors. The company has market cap of $754.84 million. The Company’s brands include CGI, PGT Windows + Doors and WinDoor. It has a 33.1 P/E ratio. CGI serves residential and commercial markets in both new and existing construction.

Among 5 analysts covering PGT Inc. (NYSE:PGTI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. PGT Inc. had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, December 10 with “Outperform”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, November 6. The stock of PGT Innovations Inc (NYSE:PGTI) has “Buy” rating given on Friday, November 3 by Dougherty & Company. The rating was maintained by RBC Capital Markets on Friday, February 26 with “Outperform”. The firm earned “Mkt Perform” rating on Friday, August 4 by Raymond James. As per Friday, May 6, the company rating was maintained by Dougherty & Company. The rating was initiated by FBR Capital on Wednesday, June 1 with “Outperform”. The rating was downgraded by Craig Hallum on Friday, August 7 to “”. The firm has “Neutral” rating given on Wednesday, February 22 by Dougherty & Company. The rating was downgraded by Dougherty & Company to “Neutral” on Monday, October 26.

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