Aperio Group LLC Decreases Stake in Regal Entertainment Group (RGC)
Aperio Group LLC reduced its stake in Regal Entertainment Group (NYSE:RGC) by 5.8% during the second quarter, Holdings Channel reports. The institutional investor owned 54,685 shares of the company’s stock after selling 3,378 shares during the period. Aperio Group LLC’s holdings in Regal Entertainment Group were worth $1,119,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in 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 last quarter. Farmers National Bank raised its position in 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 last quarter. San Francisco Sentry Investment Group CA purchased a new position in Regal Entertainment Group during the first quarter valued at approximately $200,000. LaSalle Street Capital Management LLC purchased a new position in Regal Entertainment Group during the first quarter valued at approximately $200,000. Finally, Teacher Retirement System of Texas purchased a new position in Regal Entertainment Group during the first quarter valued at approximately $201,000. Institutional investors own 77.19% of the company’s stock.
Shares of Regal Entertainment Group (RGC) traded down 0.687% during mid-day trading on Wednesday, hitting $16.625. 781,248 shares of the stock were exchanged. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 15.436 and a beta of 0.92. Regal Entertainment Group has a 12 month low of $16.55 and a 12 month high of $24.79. The company has a 50-day moving average price of $19.17 and a 200-day moving average price of $20.97.
Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 negative return on equity of 20.42% and a net margin of 5.24%. The business’s revenue for the quarter 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. Equities analysts expect that Regal Entertainment Group will post $1.05 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio is presently 82.24%.
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Several research analysts have commented on RGC shares. Hilliard Lyons raised shares of 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 shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $23.00 to $25.00 in a research note on Tuesday, May 16th. B. Riley raised shares of Regal Entertainment Group to a “buy” rating and set a $28.75 price objective for the company in a research note on Saturday, April 29th. Wedbush reaffirmed a “buy” rating and set a $26.00 price objective on shares of Regal Entertainment Group in a research note on Thursday, April 27th. Finally, Zacks Investment Research raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, April 20th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target 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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