Teachers Advisors LLC boosted its position in shares of Regal Entertainment Group (NYSE:RGC) by 13.2% during the third quarter, Holdings Channel reports. The institutional investor owned 383,856 shares of the company’s stock after buying an additional 44,788 shares during the period. Teachers Advisors LLC owned approximately 0.25% of Regal Entertainment Group worth $8,349,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Regal Entertainment Group by 3,872.7% in the second quarter. JPMorgan Chase & Co. now owns 56,293 shares of the company’s stock worth $1,241,000 after buying an additional 54,876 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Regal Entertainment Group by 27.9% in the second quarter. PNC Financial Services Group Inc. now owns 33,206 shares of the company’s stock worth $732,000 after buying an additional 7,243 shares in the last quarter. Polaris Capital Management LLC boosted its position in shares of Regal Entertainment Group by 0.4% in the second quarter. Polaris Capital Management LLC now owns 1,105,501 shares of the company’s stock worth $24,365,000 after buying an additional 4,700 shares in the last quarter. Societe Generale purchased a new position in shares of Regal Entertainment Group during the second quarter worth about $103,000. Finally, Hamlin Capital Management LLC boosted its position in shares of Regal Entertainment Group by 2.3% in the second quarter. Hamlin Capital Management LLC now owns 3,379,203 shares of the company’s stock worth $74,478,000 after buying an additional 75,497 shares in the last quarter. Hedge funds and other institutional investors own 65.45% of the company’s stock.

Institutional Ownership by Quarter for Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group (NYSE:RGC) traded down 0.14% during mid-day trading on Friday, reaching $21.62. 49,846 shares of the company’s stock traded hands. Regal Entertainment Group has a 12 month low of $16.50 and a 12 month high of $24.79. The stock has a market cap of $3.37 billion, a P/E ratio of 19.80 and a beta of 0.90. The company has a 50 day moving average price of $21.61 and a 200-day moving average price of $22.07.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The company earned $811.50 million during the quarter, compared to the consensus estimate of $787.99 million. Regal Entertainment Group had a net margin of 5.31% and a negative return on equity of 20.69%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts anticipate that Regal Entertainment Group will post $1.04 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Monday, December 5th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Thursday, December 1st. Regal Entertainment Group’s dividend payout ratio (DPR) is 80.73%.

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A number of brokerages recently issued reports on RGC. Zacks Investment Research upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, November 16th. B. Riley restated a “neutral” rating and set a $23.00 price objective on shares of Regal Entertainment Group in a report on Monday, October 24th. Wedbush restated an “outperform” rating and set a $25.00 price objective on shares of Regal Entertainment Group in a report on Monday, October 24th. Goldman Sachs Group, Inc. (The) upgraded shares of Regal Entertainment Group from a “neutral” rating to a “conviction-buy” rating and set a $47.00 price target for the company in a report on Tuesday, November 1st. Finally, Loop Capital reiterated a “hold” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $24.66.

In other news, major shareholder Philip F. Anschutz sold 13,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $22.95, for a total transaction of $298,350,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Regal Entertainment Group Company Profile

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

5 Day Chart for NYSE:RGC

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