James Investment Research Inc. acquired a new stake in shares of Regal Entertainment Group (NYSE:RGC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,963 shares of the company’s stock, valued at approximately $224,000.
A number of other large investors have also bought and sold shares of the stock. State Street Corp raised its stake in Regal Entertainment Group by 4.4% in the fourth quarter. State Street Corp now owns 1,243,460 shares of the company’s stock valued at $25,614,000 after buying an additional 52,615 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Regal Entertainment Group during the fourth quarter valued at about $148,000. Norges Bank acquired a new stake in Regal Entertainment Group during the fourth quarter valued at about $24,513,000. Quadrature Capital Ltd raised its stake in Regal Entertainment Group by 135.5% in the fourth quarter. Quadrature Capital Ltd now owns 32,248 shares of the company’s stock valued at $664,000 after buying an additional 18,557 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Regal Entertainment Group by 6.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 122,062 shares of the company’s stock valued at $2,515,000 after buying an additional 6,882 shares in the last quarter. 77.19% of the stock is owned by institutional investors.
Regal Entertainment Group (NYSE:RGC) traded down 7.69% on Friday, hitting $15.12. The stock had a trading volume of 5,387,257 shares. Regal Entertainment Group has a 52-week low of $15.09 and a 52-week high of $24.79. The company’s 50 day moving average price is $18.78 and its 200 day moving average price is $20.85. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 14.04 and a beta of 0.92.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. The business had revenue of $764.20 million for the quarter, compared to analysts’ expectations of $764.15 million. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.42%. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. Analysts expect that Regal Entertainment Group will post $1.05 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio is 82.24%.
RGC has been the subject of several research analyst reports. Zacks Investment Research lowered Regal Entertainment Group from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Wedbush reissued a “buy” rating and set a $26.00 price objective on shares of Regal Entertainment Group in a research note on Friday, April 21st. B. Riley reissued a “buy” rating and set a $28.75 price objective on shares of Regal Entertainment Group in a research note on Monday, April 24th. MKM Partners restated a “neutral” rating and set a $24.00 price target (up previously from $23.00) on shares of Regal Entertainment Group in a research report on Wednesday, April 26th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Regal Entertainment Group in a research report on Thursday, April 27th. Five research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.57.
About Regal Entertainment Group
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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