Capital Fund Management S.A. bought a new stake in shares of Regal Entertainment Group (NYSE:RGC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 157,634 shares of the company’s stock, valued at approximately $3,627,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in 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 valued at $100,000 after purchasing an additional 373 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Regal Entertainment Group by 68.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the company’s stock valued at $143,000 after purchasing an additional 2,524 shares during the period. Tortoise Investment Management LLC purchased a new position in Regal Entertainment Group during the 3rd quarter valued at about $117,000. State of Alaska Department of Revenue purchased a new position in Regal Entertainment Group during the 4th quarter valued at about $176,000. Finally, IFP Advisors Inc increased its position in Regal Entertainment Group by 60.8% during the 3rd quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock valued at $139,000 after purchasing an additional 3,294 shares during the period. 82.04% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have commented on RGC. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Benchmark raised their target price on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. B. Riley reissued a “buy” rating and set a $24.75 target price on shares of Regal Entertainment Group in a research report on Wednesday, November 29th. Piper Jaffray Companies set a $23.00 target price on shares of Regal Entertainment Group and gave the company a “hold” rating in a research report on Wednesday, January 3rd. Finally, MKM Partners downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.23.
Shares of Regal Entertainment Group (NYSE RGC) opened at $22.93 on Monday. Regal Entertainment Group has a 1-year low of $13.90 and a 1-year high of $23.17. The firm has a market cap of $3,600.00, a PE ratio of 27.63, a PEG ratio of 2.22 and a beta of 1.05. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Saturday, February 17th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date is Thursday, February 15th. Regal Entertainment Group’s dividend payout ratio is currently 106.02%.
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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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