December 1, 2016 - By Marie Mckinney · 0 Comments
Regal Entertainment Group (NYSE:RGC) institutional sentiment decreased to 1.07 in 2016 Q2. Its down -0.24, from 1.31 in 2016Q1. The ratio is negative, as 128 hedge funds increased and started new holdings, while 98 trimmed and sold equity positions in Regal Entertainment Group. The hedge funds in our partner’s database now own: 98.53 million shares, up from 89.19 million shares in 2016Q1. Also, the number of hedge funds holding Regal Entertainment Group in their top 10 holdings decreased from 4 to 3 for a decrease of 1. Sold All: 28 Reduced: 70 Increased: 94 New Position: 34.
Regal Entertainment Group operates a theatre circuit in the United States. The company has a market cap of $3.38 billion. The Firm operates in the segment of theatre exhibition operations. It has a 19.99 P/E ratio. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.
About 1.31M shares traded hands. Regal Entertainment Group (NYSE:RGC) has risen 5.38% since April 28, 2016 and is uptrending. It has underperformed by 0.54% the S&P500.
Analysts await Regal Entertainment Group (NYSE:RGC) to report earnings on February, 14. They expect $0.27 earnings per share, down 25.00% or $0.09 from last year’s $0.36 per share. RGC’s profit will be $41.75 million for 20.24 P/E if the $0.27 EPS becomes a reality. After $0.29 actual earnings per share reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts -6.90% negative EPS growth.
According to Zacks Investment Research, “Regal Entertainment Group is a leading motion picture exhibitor operating the largest theatre circuit in the United States. The Company’s nationwide theatre circuit is comprised of Regal Cinemas Corporation, United Artists Theatre Company and Edwards Theatres, Inc.”
Ranger International Management Lp holds 5.58% of its portfolio in Regal Entertainment Group for 598,355 shares. Hamlin Capital Management Llc owns 3.38 million shares or 3.61% of their US portfolio. Moreover, Polaris Capital Management Llc has 2.12% invested in the company for 1.11 million shares. The California-based Payden & Rygel has invested 2.1% in the stock. Hartford Financial Management Inc., a Connecticut-based fund reported 150,408 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $580.33 million net activity.
Ratings analysis reveals 33% of Regal Entertainment Group’s analysts are positive. Out of 12 Wall Street analysts rating Regal Entertainment Group, 4 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $18 while the high is $32. The stock’s average target of $20.40 is -6.72% below today’s ($21.87) share price. RGC was included in 27 notes of analysts from July 31, 2015. On Thursday, October 15 the stock rating was downgraded by Morgan Stanley to “Underweight”. As per Friday, April 29, the company rating was maintained by Topeka Capital Markets. B. Riley & Co downgraded Regal Entertainment Group (NYSE:RGC) on Wednesday, March 30 to “Neutral” rating. JBL Advisors downgraded Regal Entertainment Group (NYSE:RGC) on Tuesday, February 23 to “Market Perform” rating. B. Riley & Co upgraded the stock to “Buy” rating in Monday, September 28 report. The firm has “Outperform” rating by Macquarie Research given on Tuesday, September 8. The firm earned “Hold” rating on Wednesday, August 24 by Loop Capital. The stock has “Neutral” rating given by Credit Suisse on Monday, June 13. The rating was maintained by FBR Capital on Wednesday, August 26 with “Hold”. The firm earned “Neutral” rating on Wednesday, July 27 by Hilliard Lyons.
Regal Entertainment Group (Regal), incorporated on March 6, 2002, operates a theatre circuit in the United States. The Firm operates in the segment of theatre exhibition operations. The Firm develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company’s theatre circuit consists of approximately 7,360 screens in over 570 theatres in approximately 40 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has approximately 12.9 screens per location. The Firm is the parent firm of Regal Entertainment Holdings, Inc. (REH), which is the parent firm of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries. Regal Cinemas’ subsidiaries include Regal Cinemas, Inc. (RCI) and its subsidiaries, which include Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Artists Theatre Company (United Artists).
More important recent Regal Entertainment Group (NYSE:RGC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Nike, Regal Entertainment Group and H & R Block” on November 29, 2016, also Prnewswire.com published article titled: “Join the Rebellion Every Day at Regal with the Rogue One: A Star Wars Story …”, Prnewswire.com published: “On Cyber Monday, Get the Sweetest Deal of the Day from Regal Cinemas” on November 23, 2016. More interesting news about Regal Entertainment Group (NYSE:RGC) was released by: Prnewswire.com and their article: “Get in the Spirit with the Holiday Classics at Regal” with publication date: November 22, 2016.
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By Marie Mckinney