Global X Management Co. LLC boosted its stake in Regal Entertainment Group (NYSE:RGC) by 10.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 333,466 shares of the company’s stock after buying an additional 30,669 shares during the period. Global X Management Co. LLC owned approximately 0.21% of Regal Entertainment Group worth $7,253,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RGC. Camelot Portfolios LLC raised its stake in Regal Entertainment Group by 0.5% in the second quarter. Camelot Portfolios LLC now owns 22,869 shares of the company’s stock valued at $504,000 after buying an additional 117 shares during the last quarter. Dalton Greiner Hartman Maher & Co. raised its position in Regal Entertainment Group by 1.2% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 16,546 shares of the company’s stock valued at $365,000 after buying an additional 198 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Regal Entertainment Group by 0.9% in the third quarter. PNC Financial Services Group Inc. now owns 33,500 shares of the company’s stock valued at $729,000 after buying an additional 294 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Regal Entertainment Group by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 29,320 shares of the company’s stock valued at $646,000 after buying an additional 302 shares during the last quarter. Finally, Capital One National Association raised its position in Regal Entertainment Group by 1.2% in the third quarter. Capital One National Association now owns 33,541 shares of the company’s stock valued at $729,000 after buying an additional 395 shares during the last quarter. Hedge funds and other institutional investors own 65.46% of the company’s stock.

Institutional Ownership by Quarter for Regal Entertainment Group (NYSE:RGC)

Shares of Regal Entertainment Group (NYSE:RGC) traded down 0.278% during midday trading on Tuesday, reaching $23.345. 1,396,871 shares of the company were exchanged. The company has a 50 day moving average price of $22.77 and a 200-day moving average price of $21.88. The stock has a market capitalization of $3.64 billion, a P/E ratio of 21.378 and a beta of 0.92. Regal Entertainment Group has a 12-month low of $16.50 and a 12-month high of $24.79.

Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. Regal Entertainment Group had a negative return on equity of 20.69% and a net margin of 5.31%. The company earned $811.50 million during the quarter, compared to the consensus estimate of $787.99 million. During the same period last year, the company earned $0.18 EPS. Regal Entertainment Group’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, analysts forecast that Regal Entertainment Group will post $1.06 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Monday, December 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $0.88 annualized dividend and a yield of 3.73%. Regal Entertainment Group’s payout ratio is 80.73%.

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Several research firms recently weighed in on RGC. Zacks Investment Research upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, November 16th. B. Riley restated a “buy” rating and set a $24.75 price target on shares of Regal Entertainment Group in a research report on Saturday, November 5th. Goldman Sachs Group Inc. upgraded shares of Regal Entertainment Group from a “neutral” rating to a “conviction-buy” rating and set a $47.00 price target for the company in a research report on Tuesday, November 1st. Wedbush restated an “outperform” rating and set a $25.00 price target on shares of Regal Entertainment Group in a research report on Monday, October 24th. Finally, Loop Capital restated a “hold” rating and set a $22.00 price target on shares of Regal Entertainment Group in a research report on Monday, September 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Regal Entertainment Group presently has a consensus rating of “Hold” and a consensus price target of $24.66.

In related news, insider Gregory W. Dunn sold 30,765 shares of Regal Entertainment Group stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $21.75, for a total value of $669,138.75. Following the completion of the sale, the insider now directly owns 74,151 shares in the company, valued at approximately $1,612,784.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Philip F. Anschutz sold 13,000,000 shares of Regal Entertainment Group stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $22.95, for a total value of $298,350,000.00. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Regal Entertainment Group Company Profile

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

5 Day Chart for NYSE:RGC

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