Traders sold shares of Regal Entertainment Group (NYSE:RGC) on strength during trading on Tuesday. $9.57 million flowed into the stock on the tick-up and $65.42 million flowed out of the stock on the tick-down, for a money net flow of $55.85 million out of the stock. Of all equities tracked, Regal Entertainment Group had the 0th highest net out-flow for the day. Regal Entertainment Group traded up $0.04 for the day and closed at $22.87
Several brokerages recently issued reports on RGC. Royal Bank of Canada downgraded Regal Entertainment Group from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, December 6th. Hilliard Lyons downgraded Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a research note on Wednesday, December 6th. Credit Suisse Group cut their price target on Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating for the company in a research note on Thursday, September 28th. B. Riley reaffirmed a “buy” rating and set a $24.75 price target on shares of Regal Entertainment Group in a research note on Tuesday, December 5th. Finally, Benchmark cut their price target on Regal Entertainment Group from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. Regal Entertainment Group presently has an average rating of “Hold” and an average target price of $21.83.
The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. The stock has a market capitalization of $3,590.93, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 2.44 and a beta of 1.14.
Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. The business had revenue of $716.00 million for the quarter, compared to analyst estimates of $701.66 million. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. equities analysts anticipate that Regal Entertainment Group will post 0.94 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, December 1st. Regal Entertainment Group’s dividend payout ratio is 101.15%.
Regal Entertainment Group declared that its Board of Directors has approved a share buyback plan on Thursday, August 31st that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.
Several hedge funds and other institutional investors have recently modified their holdings of RGC. Public Employees Retirement Association of Colorado increased its holdings in shares of Regal Entertainment Group by 4.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,666 shares of the company’s stock valued at $505,000 after acquiring an additional 983 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Regal Entertainment Group by 7.5% during the 2nd quarter. Sei Investments Co. now owns 30,761 shares of the company’s stock valued at $630,000 after acquiring an additional 2,138 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Regal Entertainment Group by 164.3% during the 2nd quarter. IFP Advisors Inc now owns 5,419 shares of the company’s stock valued at $111,000 after acquiring an additional 3,369 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Regal Entertainment Group by 8.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 620,383 shares of the company’s stock valued at $12,694,000 after acquiring an additional 50,201 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Regal Entertainment Group by 23.2% during the 2nd quarter. Rhumbline Advisers now owns 129,049 shares of the company’s stock valued at $2,640,000 after acquiring an additional 24,279 shares during the last quarter. 85.31% of the stock is currently 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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