Regal Entertainment Group (NYSE:RGC) saw a large decline in short interest during the month of December. As of December 29th, there was short interest totalling 14,592,646 shares, a decline of 33.4% from the December 15th total of 21,919,512 shares. Approximately 11.2% of the company’s stock are sold short. Based on an average trading volume of 4,742,923 shares, the short-interest ratio is currently 3.1 days.

Shares of Regal Entertainment Group (NYSE:RGC) opened at $23.00 on Monday. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. Regal Entertainment Group has a 1 year low of $13.90 and a 1 year high of $23.56. The company has a market cap of $3,611.34, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.13.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $701.66 million. During the same quarter in the previous year, the firm posted $0.29 EPS. The firm’s revenue was down 11.8% on a year-over-year basis. equities analysts expect that Regal Entertainment Group will post 0.93 earnings per share for the current year.

RGC has been the subject of a number of recent analyst reports. Benchmark decreased their price objective on shares of Regal Entertainment Group from $24.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. Credit Suisse Group decreased their price objective on shares of Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating for the company in a report on Thursday, September 28th. Morgan Stanley upgraded shares of Regal Entertainment Group from an “underweight” rating to an “equal weight” rating and set a $17.00 price objective for the company in a report on Thursday, October 5th. Wedbush restated an “outperform” rating and issued a $23.00 price objective (up from $19.00) on shares of Regal Entertainment Group in a report on Monday, October 9th. Finally, Zacks Investment Research upgraded shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. Regal Entertainment Group has an average rating of “Hold” and a consensus price target of $22.23.

A number of large investors have recently bought and sold shares of RGC. Schwab Charles Investment Management Inc. grew its position in Regal Entertainment Group by 8.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 620,383 shares of the company’s stock worth $12,694,000 after purchasing an additional 50,201 shares during the period. SG Americas Securities LLC bought a new stake in Regal Entertainment Group in the 2nd quarter worth approximately $193,000. Principal Financial Group Inc. grew its position in Regal Entertainment Group by 20.2% in the 2nd quarter. Principal Financial Group Inc. now owns 22,726 shares of the company’s stock worth $465,000 after purchasing an additional 3,824 shares during the period. Swiss National Bank grew its position in Regal Entertainment Group by 2.2% in the 2nd quarter. Swiss National Bank now owns 190,000 shares of the company’s stock worth $3,887,000 after purchasing an additional 4,000 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Regal Entertainment Group in the 2nd quarter worth approximately $255,000. 85.31% of the stock is owned by institutional investors and hedge funds.

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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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