Congress Asset Management Co. MA increased its stake in shares of Regal Entertainment Group (NYSE:RGC) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 316,626 shares of the company’s stock after buying an additional 660 shares during the period. Congress Asset Management Co. MA owned about 0.20% of Regal Entertainment Group worth $7,149,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in RGC. New Mountain Vantage Advisers L.L.C. bought a new stake in shares of Regal Entertainment Group during the third quarter valued at about $29,265,000. Norges Bank acquired a new stake in Regal Entertainment Group during the fourth quarter valued at approximately $24,513,000. Altrinsic Global Advisors LLC acquired a new stake in Regal Entertainment Group during the third quarter valued at approximately $18,105,000. Russell Investments Group Ltd. acquired a new stake in Regal Entertainment Group during the fourth quarter valued at approximately $15,348,000. Finally, Two Sigma Investments LP increased its position in shares of Regal Entertainment Group by 940.1% in the fourth quarter. Two Sigma Investments LP now owns 758,331 shares of the company’s stock worth $15,622,000 after buying an additional 685,420 shares during the period. 76.84% of the stock is currently owned by institutional investors.
Shares of Regal Entertainment Group (NYSE:RGC) traded up 2.00% during mid-day trading on Friday, reaching $21.41. The company had a trading volume of 2,889,998 shares. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.78 and a beta of 0.91. Regal Entertainment Group has a 1-year low of $19.61 and a 1-year high of $24.79. The firm has a 50-day moving average price of $20.90 and a 200-day moving average price of $21.66.
Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by $0.04. Regal Entertainment Group had a net margin of 5.51% and a negative return on equity of 21.38%. The business had revenue of $821.20 million during the quarter, compared to analysts’ expectations of $808.18 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts expect that Regal Entertainment Group will post $1.24 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, June 5th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date was Thursday, June 1st. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 77.88%.
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RGC has been the topic of a number of recent analyst reports. Wunderlich restated a “buy” rating and issued a $31.00 price target on shares of Regal Entertainment Group in a research report on Monday, March 20th. FBR & Co reiterated a “hold” rating and set a $23.00 target price on shares of Regal Entertainment Group in a research report on Monday, April 3rd. Wedbush restated an “outperform” rating and set a $26.00 price target (up previously from $25.00) on shares of Regal Entertainment Group in a research note on Friday, April 7th. Benchmark Co. restated an “outperform” rating and set a $22.00 price target on shares of Regal Entertainment Group in a research note on Friday, April 14th. Finally, B. Riley reissued a “buy” rating and issued a $28.75 price target on shares of Regal Entertainment Group in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.55.
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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