American National Registered Investment Advisor Inc. maintained its stake in shares of Regal Entertainment Group (NYSE:RGC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,525 shares of the company’s stock at the end of the second quarter. American National Registered Investment Advisor Inc.’s holdings in Regal Entertainment Group were worth $543,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in RGC. New York State Teachers Retirement System bought 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 in the last quarter. Credit Agricole S A bought a new stake in shares of Regal Entertainment Group during the fourth quarter valued at approximately $165,000. 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 in the last quarter. Finally, San Francisco Sentry Investment Group CA bought a new stake in shares of Regal Entertainment Group during the first quarter valued at approximately $200,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.

Shares of Regal Entertainment Group (NYSE RGC) opened at 19.20 on Wednesday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 16.84 and a beta of 0.93. The company has a 50-day moving average of $20.31 and a 200-day moving average of $21.45. Regal Entertainment Group has a 12-month low of $18.85 and a 12-month high of $24.79.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Wednesday, April 26th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $821.20 million during the quarter, compared to analysts’ expectations of $808.18 million. Regal Entertainment Group had a negative return on equity of 21.38% and a net margin of 5.51%. Regal Entertainment Group’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. Equities analysts expect that Regal Entertainment Group will post $1.11 earnings per share for the current fiscal year.

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Several equities research analysts recently commented on RGC shares. Wedbush reiterated a “buy” rating and set a $26.00 price target on shares of Regal Entertainment Group in a research note on Thursday, April 27th. Zacks Investment Research raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Thursday, April 20th. B. Riley reissued a “buy” rating and set a $28.75 price objective on shares of Regal Entertainment Group in a research report on Wednesday, April 19th. Loop Capital raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $23.00 to $25.00 in a research report on Tuesday, May 16th. Finally, Hilliard Lyons raised shares of Regal Entertainment Group to a “buy” rating in a research report on Thursday, May 18th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Regal Entertainment Group has a consensus rating of “Hold” and a consensus price target of $25.07.

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

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