TIAA CREF Investment Management LLC cut its position in Regis Corporation (NYSE:RGS) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,353 shares of the company’s stock after selling 17,320 shares during the period. TIAA CREF Investment Management LLC owned about 0.36% of Regis Corporation worth $1,961,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its stake in Regis Corporation by 8.2% in the fourth quarter. State Street Corp now owns 910,281 shares of the company’s stock worth $13,222,000 after buying an additional 68,703 shares during the last quarter. Norges Bank purchased a new stake in Regis Corporation during the fourth quarter worth about $9,723,000. Bank of New York Mellon Corp raised its stake in Regis Corporation by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 404,282 shares of the company’s stock worth $4,738,000 after buying an additional 14,967 shares in the last quarter. Principal Financial Group Inc. raised its stake in Regis Corporation by 4.0% in the first quarter. Principal Financial Group Inc. now owns 267,386 shares of the company’s stock worth $3,134,000 after buying an additional 10,179 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Regis Corporation by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 185,742 shares of the company’s stock worth $2,178,000 after buying an additional 6,885 shares in the last quarter. Institutional investors and hedge funds own 94.39% of the company’s stock.
Regis Corporation (NYSE RGS) opened at 10.07 on Friday. The firm’s market cap is $466.85 million. The firm has a 50-day moving average of $10.30 and a 200 day moving average of $10.92. Regis Corporation has a 1-year low of $9.02 and a 1-year high of $15.61.
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A number of equities research analysts have recently issued reports on the stock. TheStreet lowered shares of Regis Corporation from a “c-” rating to a “d” rating in a report on Friday, May 5th. ValuEngine lowered shares of Regis Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered shares of Regis Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 27th.
Regis Corporation Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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