Janney Montgomery Scott LLC increased its stake in shares of Regal Entertainment Group (NYSE:RGC) by 4.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,725 shares of the company’s stock after buying an additional 2,565 shares during the period. Janney Montgomery Scott LLC’s holdings in Regal Entertainment Group were worth $1,283,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of RGC. Camelot Portfolios LLC raised its position in Regal Entertainment Group by 0.3% in the first quarter. Camelot Portfolios LLC now owns 20,736 shares of the company’s stock valued at $468,000 after buying an additional 67 shares during the period. Canada Pension Plan Investment Board raised its position in Regal Entertainment Group by 96.9% in the first quarter. Canada Pension Plan Investment Board now owns 450,800 shares of the company’s stock valued at $10,179,000 after buying an additional 221,900 shares during the period. Wells Fargo & Company MN raised its position in Regal Entertainment Group by 6.5% in the first quarter. Wells Fargo & Company MN now owns 810,427 shares of the company’s stock valued at $18,301,000 after buying an additional 49,653 shares during the period. Hamlin Capital Management LLC raised its position in Regal Entertainment Group by 16.6% in the first quarter. Hamlin Capital Management LLC now owns 3,491,051 shares of the company’s stock valued at $78,828,000 after buying an additional 496,075 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Regal Entertainment Group by 0.4% in the first quarter. Russell Investments Group Ltd. now owns 747,402 shares of the company’s stock valued at $16,871,000 after buying an additional 3,072 shares during the period. Institutional investors own 77.16% of the company’s stock.

Shares of Regal Entertainment Group (NYSE:RGC) opened at 17.50 on Friday. Regal Entertainment Group has a 52 week low of $17.36 and a 52 week high of $24.79. The stock’s 50 day moving average price is $19.45 and its 200-day moving average price is $21.12. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 16.23 and a beta of 0.92.

Regal Entertainment Group (NYSE:RGC) last released 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 net margin of 5.24% and a negative return on equity of 20.38%. The business had revenue of $764.20 million during the quarter, compared to analysts’ expectations of $764.15 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Regal Entertainment Group will post $1.05 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be issued a $0.22 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.03%. Regal Entertainment Group’s payout ratio is currently 82.24%.

WARNING: “Janney Montgomery Scott LLC Has $1.28 Million Position in Regal Entertainment Group (RGC)” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another website, it was stolen and republished in violation of US & international copyright & trademark laws. The correct version of this news story can be accessed at https://www.watchlistnews.com/janney-montgomery-scott-llc-has-1-28-million-position-in-regal-entertainment-group-rgc/1472217.html.

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on Regal Entertainment Group from $23.00 to $25.00 and gave the company a “sector perform” rating in a research note on Thursday, April 27th. FBR & Co lifted their target price on Regal Entertainment Group from $23.00 to $25.00 and gave the company a “mkt perform” rating in a research note on Thursday, April 27th. MKM Partners reiterated a “neutral” rating and issued a $24.00 target price (up previously from $23.00) on shares of Regal Entertainment Group in a research note on Wednesday, April 26th. Wedbush reiterated a “buy” rating and issued a $26.00 target price on shares of Regal Entertainment Group in a research note on Friday, April 21st. Finally, Zacks Investment Research lowered Regal Entertainment Group from a “buy” rating to a “hold” rating in a research note on Friday, April 21st. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price 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.

Want to see what other hedge funds are holding RGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Regal Entertainment Group (NYSE:RGC).

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

Receive News & Ratings for Regal Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Entertainment Group and related companies with Analyst Ratings Network's FREE daily email newsletter.