Regis Corporation (RGS) Stake Raised by Bank of New York Mellon Corp
Bank of New York Mellon Corp raised its stake in shares of Regis Corporation (NYSE:RGS) by 3.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 404,282 shares of the company’s stock after buying an additional 14,967 shares during the period. Bank of New York Mellon Corp owned approximately 0.87% of Regis Corporation worth $4,738,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Wedge Capital Management L L P NC increased its position in shares of Regis Corporation by 11.9% in the first quarter. Wedge Capital Management L L P NC now owns 14,252 shares of the company’s stock valued at $167,000 after buying an additional 1,514 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Regis Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $168,000 after buying an additional 200 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Regis Corporation during the fourth quarter valued at about $201,000. Thrivent Financial for Lutherans increased its position in shares of Regis Corporation by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,000 shares of the company’s stock valued at $276,000 after buying an additional 1,120 shares during the last quarter. Finally, Quotient Investors LLC purchased a new position in shares of Regis Corporation during the first quarter valued at about $297,000. 95.42% of the stock is currently owned by institutional investors.
Regis Corporation (NYSE RGS) traded down 1.72% during midday trading on Thursday, reaching $10.29. 163,946 shares of the company were exchanged. The firm’s market cap is $476.52 million. Regis Corporation has a one year low of $9.02 and a one year high of $15.61. The firm’s 50-day moving average is $10.30 and its 200-day moving average is $11.21.
Regis Corporation (NYSE:RGS) last posted its quarterly earnings data on Thursday, May 4th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.02 by $0.20. The firm had revenue of $412.60 million for the quarter. Regis Corporation had a negative return on equity of 0.01% and a negative net margin of 0.69%. On average, equities analysts expect that Regis Corporation will post $0.13 EPS for the current fiscal year.
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Several brokerages recently commented on RGS. TheStreet lowered shares of Regis Corporation from a “c-” rating to a “d” rating in a research report on Friday, May 5th. ValuEngine lowered shares of Regis Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Regis Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th.
In other Regis Corporation news, Director Michael J. Merriman acquired 10,000 shares of Regis Corporation stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average cost of $9.24 per share, with a total value of $92,400.00. Following the completion of the purchase, the director now directly owns 46,253 shares of the company’s stock, valued at approximately $427,377.72. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Hugh E. Sawyer III purchased 10,500 shares of the business’s stock in a transaction dated Monday, May 8th. The shares were purchased at an average cost of $9.81 per share, for a total transaction of $103,005.00. Following the completion of the purchase, the chief executive officer now directly owns 100,186 shares of the company’s stock, valued at approximately $982,824.66. The disclosure for this purchase can be found here. 24.00% of the stock is currently owned by company insiders.
About Regis Corporation
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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