State of Wisconsin Investment Board decreased its position in shares of Regal Entertainment Group (NYSE:RGC) by 63.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,020 shares of the company’s stock after selling 27,801 shares during the period. State of Wisconsin Investment Board’s holdings in Regal Entertainment Group were worth $362,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Regal Entertainment Group during the fourth quarter worth approximately $148,000. Credit Agricole S A purchased a new stake in shares of Regal Entertainment Group during the fourth quarter worth approximately $165,000. Round Table Services LLC purchased a new stake in shares of Regal Entertainment Group during the first quarter worth approximately $202,000. Tyers Asset Management LLC purchased a new stake in shares of Regal Entertainment Group during the first quarter worth approximately $218,000. Finally, Ellington Management Group LLC purchased a new stake in shares of Regal Entertainment Group during the fourth quarter worth approximately $231,000. 76.81% of the stock is currently owned by hedge funds and other institutional investors.
Regal Entertainment Group (RGC) opened at 21.41 on Monday. Regal Entertainment Group has a 12 month low of $19.61 and a 12 month high of $24.79. The stock has a market cap of $3.35 billion, a PE ratio of 18.78 and a beta of 0.91. The company’s 50 day moving average price is $20.90 and its 200 day moving average price is $21.66.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Wednesday, April 26th. The company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 company had revenue of $821.20 million for the quarter, compared to the consensus estimate of $808.18 million. During the same period last year, the business earned $0.27 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Regal Entertainment Group will post $1.24 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Monday, June 5th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, June 1st. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 77.88%.
A number of brokerages have recently commented on RGC. Royal Bank Of Canada reissued a “hold” rating on shares of Regal Entertainment Group in a research note on Thursday, April 27th. Hilliard Lyons raised Regal Entertainment Group to a “buy” rating in a research note on Thursday, May 18th. They noted that the move was a valuation call. B. Riley reissued a “buy” rating and set a $28.75 price target on shares of Regal Entertainment Group in a research note on Wednesday, April 19th. MKM Partners reissued a “neutral” rating and set a $24.00 price target (up from $23.00) on shares of Regal Entertainment Group in a research note on Wednesday, April 26th. Finally, Wedbush reissued a “buy” rating and set a $26.00 price target on shares of Regal Entertainment Group in a research note on Friday, April 21st. Three analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.55.
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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