OLD National Bancorp IN decreased its stake in Regal Entertainment Group (NYSE:RGC) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,332 shares of the company’s stock after selling 1,505 shares during the period. OLD National Bancorp IN’s holdings in Regal Entertainment Group were worth $211,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in RGC. New York State Teachers Retirement System purchased a new stake in shares of Regal Entertainment Group during the fourth quarter valued at approximately $148,000. Parallel Advisors LLC raised its stake in shares of Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock valued at $153,000 after buying an additional 145 shares during the period. Farmers National Bank raised its stake in shares of Regal Entertainment Group by 6.6% in the first quarter. Farmers National Bank now owns 8,100 shares of the company’s stock valued at $176,000 after buying an additional 500 shares during the period. San Francisco Sentry Investment Group CA purchased a new stake in shares of Regal Entertainment Group during the first quarter valued at approximately $200,000. Finally, LaSalle Street Capital Management LLC purchased a new stake in shares of Regal Entertainment Group during the first quarter valued at approximately $200,000. 77.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Regal Entertainment Group (NYSE:RGC) traded down 7.69% on Friday, reaching $15.12. The company’s stock had a trading volume of 5,387,257 shares. The stock has a 50-day moving average of $18.93 and a 200 day moving average of $20.90. The stock has a market capitalization of $2.36 billion, a PE ratio of 14.04 and a beta of 0.92. Regal Entertainment Group has a 1-year low of $15.09 and a 1-year high of $24.79.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. Regal Entertainment Group had a negative return on equity of 20.42% and a net margin of 5.24%. The firm had revenue of $764.20 million during the quarter, compared to analyst estimates of $764.15 million. During the same period in the prior year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that Regal Entertainment Group will post $1.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a yield of 5.82%. Regal Entertainment Group’s payout ratio is 82.24%.
A number of equities research analysts recently issued reports on RGC shares. Zacks Investment Research raised Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Thursday, April 20th. Hilliard Lyons raised Regal Entertainment Group to a “buy” rating in a research note on Thursday, May 18th. They noted that the move was a valuation call. Loop Capital raised Regal Entertainment Group from a “hold” rating to a “buy” rating and upped their target price for the company from $23.00 to $25.00 in a research note on Tuesday, May 16th. B. Riley raised Regal Entertainment Group to a “buy” rating and set a $28.75 target price on the stock in a research note on Saturday, April 29th. Finally, Wedbush reaffirmed a “buy” rating and issued a $26.00 target price on shares of Regal Entertainment Group in a research note on Thursday, April 27th. Five analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $24.57.
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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