Regis Co. (RGS) Position Reduced by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. lessened its stake in Regis Co. (NYSE:RGS) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 509,932 shares of the company’s stock after selling 6,592 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 1.11% of Regis worth $8,435,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Regis during the second quarter worth $134,000. SG Americas Securities LLC purchased a new stake in shares of Regis during the second quarter worth $218,000. KBC Group NV grew its holdings in shares of Regis by 76.7% during the first quarter. KBC Group NV now owns 43,117 shares of the company’s stock worth $652,000 after buying an additional 18,710 shares in the last quarter. BW Gestao de Investimentos Ltda. grew its holdings in shares of Regis by 26.3% during the first quarter. BW Gestao de Investimentos Ltda. now owns 54,378 shares of the company’s stock worth $823,000 after buying an additional 11,314 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Regis by 65.4% during the first quarter. Barclays PLC now owns 55,802 shares of the company’s stock worth $845,000 after buying an additional 22,064 shares in the last quarter. 99.74% of the stock is owned by institutional investors.
Shares of RGS opened at $20.54 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.87 and a debt-to-equity ratio of 0.18. Regis Co. has a 12-month low of $13.54 and a 12-month high of $22.40. The stock has a market capitalization of $924.10 million, a P/E ratio of 34.81, a PEG ratio of 3.69 and a beta of 1.40.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Regis from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Saturday, August 25th. TheStreet raised shares of Regis from a “c+” rating to a “b” rating in a report on Tuesday, August 21st. Three investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $21.00.
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
Further Reading: What do investors mean by earnings per share?
Receive News & Ratings for Regis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regis and related companies with MarketBeat.com's FREE daily email newsletter.