TIAA CREF Investment Management LLC Boosts Position in Regis Co. (RGS)

TIAA CREF Investment Management LLC boosted its stake in Regis Co. (NYSE:RGS) by 40.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,328 shares of the company’s stock after acquiring an additional 73,226 shares during the quarter. TIAA CREF Investment Management LLC owned 0.54% of Regis worth $3,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Stone Ridge Asset Management LLC bought a new stake in Regis in the 4th quarter valued at $1,057,000. Deutsche Bank AG lifted its position in Regis by 5.8% in the 4th quarter. Deutsche Bank AG now owns 309,434 shares of the company’s stock valued at $4,750,000 after acquiring an additional 16,874 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in Regis by 7.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 305,601 shares of the company’s stock valued at $4,694,000 after acquiring an additional 20,000 shares in the last quarter. AXA lifted its position in Regis by 280.7% in the 4th quarter. AXA now owns 118,400 shares of the company’s stock valued at $1,819,000 after acquiring an additional 87,300 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Regis by 20.4% in the 4th quarter. Alliancebernstein L.P. now owns 60,604 shares of the company’s stock valued at $931,000 after acquiring an additional 10,260 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.

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Shares of RGS stock opened at $15.16 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Regis Co. has a 1 year low of $9.02 and a 1 year high of $17.13. The firm has a market capitalization of $707.91, a price-to-earnings ratio of 252.67, a price-to-earnings-growth ratio of 4.55 and a beta of 1.36.

Regis (NYSE:RGS) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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.

In other Regis news, Director David Patrick Williams purchased 5,000 shares of the stock in a transaction on Thursday, February 8th. The shares were purchased at an average cost of $15.50 per share, for a total transaction of $77,500.00. Following the purchase, the director now owns 96,861 shares of the company’s stock, valued at $1,501,345.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 24.00% of the stock is currently owned by insiders.

Separately, Zacks Investment Research raised shares of Regis from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Regis has an average rating of “Buy” and an average target price of $18.00.

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Regis Company Profile

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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Institutional Ownership by Quarter for Regis (NYSE:RGS)

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