Havens Advisors LLC bought a new position in shares of Regal Entertainment Group (NYSE:RGC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 154,000 shares of the company’s stock, valued at approximately $3,544,000. Regal Entertainment Group makes up about 2.7% of Havens Advisors LLC’s holdings, making the stock its 13th biggest holding. Havens Advisors LLC owned 0.10% of Regal Entertainment Group as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently bought and sold shares of RGC. The Manufacturers Life Insurance Company lifted its position in shares of Regal Entertainment Group by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock worth $100,000 after buying an additional 373 shares in the last quarter. Tortoise Investment Management LLC bought a new stake in shares of Regal Entertainment Group in the 3rd quarter worth approximately $117,000. Farmers National Bank raised its holdings in shares of Regal Entertainment Group by 901.2% in the 2nd quarter. Farmers National Bank now owns 81,096 shares of the company’s stock worth $135,000 after purchasing an additional 72,996 shares during the period. IFP Advisors Inc raised its holdings in shares of Regal Entertainment Group by 60.8% in the 3rd quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock worth $139,000 after purchasing an additional 3,294 shares during the period. Finally, Spectrum Management Group Inc. bought a new stake in shares of Regal Entertainment Group in the 3rd quarter worth approximately $141,000. 85.31% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on RGC. B. Riley cut shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $24.75 to $23.00 in a report on Tuesday, January 2nd. Wedbush set a $23.00 price target on shares of Regal Entertainment Group and gave the stock a “hold” rating in a report on Monday, January 8th. MKM Partners cut shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target on the stock. in a report on Wednesday. Piper Jaffray Companies set a $23.00 price target on shares of Regal Entertainment Group and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Loop Capital cut shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $22.23.
Regal Entertainment Group (NYSE RGC) traded down $0.07 during trading on Wednesday, reaching $22.90. 7,284,500 shares of the company were exchanged, compared to its average volume of 3,407,380. Regal Entertainment Group has a fifty-two week low of $13.90 and a fifty-two week high of $23.56. The stock has a market cap of $3,600.00, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78.
Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The business had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. During the same period in the previous year, the business earned $0.29 EPS. Regal Entertainment Group’s revenue was down 11.8% compared to the same quarter last year. equities research analysts anticipate that Regal Entertainment Group will post 0.93 earnings per share for the current fiscal year.
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Regal Entertainment Group Company Profile
Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.
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