Kellner Capital LLC Acquires New Position in Regal Entertainment Group (RGC)

Kellner Capital LLC acquired a new position in shares of Regal Entertainment Group (NYSE:RGC) during the 4th quarter, HoldingsChannel reports. The fund acquired 113,400 shares of the company’s stock, valued at approximately $2,609,000. Regal Entertainment Group makes up about 2.1% of Kellner Capital LLC’s holdings, making the stock its 17th biggest position.

A number of other institutional investors have also recently modified their holdings of the business. Neuberger Berman Group LLC grew its stake in Regal Entertainment Group by 20.9% during the third quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after buying an additional 1,032,378 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Regal Entertainment Group by 18.3% during the third quarter. Eagle Asset Management Inc. now owns 5,557,432 shares of the company’s stock worth $89,919,000 after purchasing an additional 857,787 shares in the last quarter. BlackRock Inc. lifted its position in shares of Regal Entertainment Group by 10.9% during the fourth quarter. BlackRock Inc. now owns 5,332,964 shares of the company’s stock worth $122,713,000 after purchasing an additional 523,002 shares in the last quarter. Hamlin Capital Management LLC lifted its position in shares of Regal Entertainment Group by 1.4% during the third quarter. Hamlin Capital Management LLC now owns 4,335,507 shares of the company’s stock worth $69,368,000 after purchasing an additional 60,489 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Regal Entertainment Group by 3.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,573,090 shares of the company’s stock worth $41,171,000 after purchasing an additional 89,104 shares in the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $19.00 to $20.00 in a research report on Thursday, October 26th. They noted that the move was a valuation call. Loop Capital lowered shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research report on Wednesday, December 6th. Zacks Investment Research lowered shares of Regal Entertainment Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Moffett Nathanson upgraded shares of Regal Entertainment Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 6th. Finally, Macquarie lowered shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Wednesday, December 6th. 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 company currently has an average rating of “Hold” and a consensus price target of $22.23.

Regal Entertainment Group (RGC) opened at $22.97 on Friday. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month high of $23.17. The firm has a market cap of $3,605.06, a P/E ratio of 26.09, a P/E/G ratio of 2.22 and a beta of 1.05. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Saturday, February 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.88 annualized dividend and a yield of 3.83%. Regal Entertainment Group’s dividend payout ratio is currently 101.15%.

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Regal Entertainment Group 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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Institutional Ownership by Quarter for Regal Entertainment Group (NYSE:RGC)

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