Dimensional Fund Advisors LP increased its stake in shares of Regal Entertainment Group (NYSE:RGC) by 6.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 2,070,005 shares of the company’s stock after buying an additional 116,607 shares during the period. Dimensional Fund Advisors LP owned about 1.33% of Regal Entertainment Group worth $46,741,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in shares of Regal Entertainment Group during the fourth quarter valued at about $148,000. Parallel Advisors LLC boosted its position in shares of Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock valued at $153,000 after buying an additional 145 shares during the period. Credit Agricole S A bought a new position in shares of Regal Entertainment Group during the fourth quarter valued at about $165,000. San Francisco Sentry Investment Group CA bought a new position in shares of Regal Entertainment Group during the first quarter valued at about $200,000. Finally, LaSalle Street Capital Management LLC bought a new position in shares of Regal Entertainment Group during the first quarter valued at about $200,000. 76.82% of the stock is owned by institutional investors and hedge funds.
Shares of Regal Entertainment Group (NYSE RGC) opened at 19.08 on Wednesday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 16.74 and a beta of 0.93. The firm’s 50-day moving average price is $20.31 and its 200 day moving average price is $21.45. Regal Entertainment Group has a 1-year low of $18.85 and a 1-year high of $24.79.
Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings data on Wednesday, April 26th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The firm had revenue of $821.20 million during the quarter, compared to analyst estimates of $808.18 million. Regal Entertainment Group had a net margin of 5.51% and a negative return on equity of 21.38%. Regal Entertainment Group’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 EPS. Equities research analysts expect that Regal Entertainment Group will post $1.11 earnings per share for the current fiscal year.
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RGC has been the subject of several analyst reports. Wedbush reissued a “buy” rating and issued a $26.00 price objective on shares of Regal Entertainment Group in a report on Thursday, April 27th. Zacks Investment Research raised Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a report on Thursday, April 20th. B. Riley reissued a “buy” rating and issued a $28.75 price objective on shares of Regal Entertainment Group in a report on Wednesday, April 19th. Loop Capital raised Regal Entertainment Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $25.00 in a report on Tuesday, May 16th. Finally, Hilliard Lyons raised Regal Entertainment Group to a “buy” rating in a report on Thursday, May 18th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $25.07.
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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