JPMorgan Chase & Co. Has $19.51 Million Holdings in Regis Corporation (RGS)
JPMorgan Chase & Co. reduced its position in shares of Regis Corporation (NYSE:RGS) by 9.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,344,261 shares of the company’s stock after selling 140,871 shares during the period. JPMorgan Chase & Co. owned 2.89% of Regis worth $19,505,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Regis by 15.1% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 3,578,452 shares of the company’s stock worth $36,751,000 after acquiring an additional 469,955 shares during the last quarter. Northern Trust Corp boosted its position in shares of Regis by 84.5% in the second quarter. Northern Trust Corp now owns 876,077 shares of the company’s stock worth $8,998,000 after acquiring an additional 401,194 shares during the last quarter. Boston Partners acquired a new stake in shares of Regis in the second quarter worth approximately $2,356,000. Citadel Advisors LLC lifted its position in Regis by 230.4% during the second quarter. Citadel Advisors LLC now owns 307,170 shares of the company’s stock valued at $3,154,000 after buying an additional 214,203 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Regis by 11.5% during the second quarter. Renaissance Technologies LLC now owns 1,960,200 shares of the company’s stock valued at $20,131,000 after buying an additional 202,700 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors.
A number of brokerages have weighed in on RGS. ValuEngine raised shares of Regis from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Regis from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Zacks Investment Research lowered shares of Regis from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Jefferies Group started coverage on shares of Regis in a research note on Wednesday, September 13th. They set a “buy” rating and a $15.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Regis presently has a consensus rating of “Hold” and a consensus price target of $17.00.
Regis (NYSE:RGS) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The firm had revenue of $309.87 million for the quarter, compared to analysts’ expectations of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same quarter in the prior year, the business earned $0.12 EPS. sell-side analysts forecast that Regis Corporation will post 0.19 EPS for the current fiscal year.
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Regis Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. 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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