Guggenheim Capital LLC reduced its stake in shares of Regis Co. (NYSE:RGS) by 41.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,299 shares of the company’s stock after selling 73,806 shares during the period. Guggenheim Capital LLC owned 0.22% of Regis worth $1,587,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in RGS. SG Americas Securities LLC purchased a new position in shares of Regis during the 3rd quarter worth about $127,000. UBS Asset Management Americas Inc. purchased a new position in shares of Regis during the 4th quarter worth about $176,000. Teacher Retirement System of Texas purchased a new position in shares of Regis during the 4th quarter worth about $184,000. Alambic Investment Management L.P. lifted its holdings in shares of Regis by 91.9% during the 4th quarter. Alambic Investment Management L.P. now owns 31,282 shares of the company’s stock worth $480,000 after acquiring an additional 14,982 shares during the period. Finally, Nationwide Fund Advisors lifted its holdings in shares of Regis by 32.8% during the 3rd quarter. Nationwide Fund Advisors now owns 40,069 shares of the company’s stock worth $572,000 after acquiring an additional 9,906 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.
NYSE RGS opened at $15.24 on Friday. Regis Co. has a one year low of $9.02 and a one year high of $17.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.07. The company has a market capitalization of $704.64, a P/E ratio of 254.00, a price-to-earnings-growth ratio of 4.53 and a beta of 1.36.
Regis (NYSE:RGS) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Regis had a negative net margin of 0.51% and a positive return on equity of 1.68%. The firm had revenue of $308.52 million for the quarter, compared to analyst estimates of $316.30 million. equities research analysts predict that Regis Co. will post 0.37 EPS for the current year.
In other Regis news, Director David Patrick Williams purchased 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $15.50 per share, for a total transaction of $77,500.00. Following the completion of the acquisition, the director now owns 96,861 shares of the company’s stock, valued at approximately $1,501,345.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 24.00% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of Regis from a “sell” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $18.00.
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Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through four segments: North American Value, North American Franchise, North American Premium, and International. Its salons offer haircutting and styling, including shampooing and conditioning; custom styling, cutting, and hair coloring, as well as professional hair care products; and other services.
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