Trexquant Investment LP bought a new position in shares of Regal Entertainment Group (NYSE:RGC) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,566 shares of the company’s stock, valued at approximately $233,000.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in shares of Regal Entertainment Group by 8.3% in the second quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after purchasing an additional 373 shares during the period. IFP Advisors Inc grew its holdings in shares of Regal Entertainment Group by 164.3% in the second quarter. IFP Advisors Inc now owns 5,419 shares of the company’s stock valued at $111,000 after purchasing an additional 3,369 shares during the period. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Regal Entertainment Group by 169.5% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company’s stock valued at $113,000 after purchasing an additional 3,471 shares during the period. Farmers National Bank grew its holdings in shares of Regal Entertainment Group by 901.2% in the second quarter. Farmers National Bank now owns 81,096 shares of the company’s stock valued at $135,000 after purchasing an additional 72,996 shares during the period. Finally, Spectrum Management Group Inc. purchased a new stake in shares of Regal Entertainment Group in the third quarter valued at about $141,000. 85.33% of the stock is owned by institutional investors and hedge funds.

Regal Entertainment Group (NYSE:RGC) traded up $0.03 during midday trading on Friday, reaching $22.73. 8,009,182 shares of the company’s stock were exchanged, compared to its average volume of 12,121,442. Regal Entertainment Group has a 52 week low of $13.90 and a 52 week high of $23.56. 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 firm has a market capitalization of $3,564.24, a PE ratio of 25.80, a P/E/G ratio of 2.42 and a beta of 1.14.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The company had revenue of $716.00 million for the quarter, compared to analysts’ expectations of $701.66 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. Regal Entertainment Group’s revenue for the quarter was down 11.8% compared to the same quarter last year. equities research analysts anticipate that Regal Entertainment Group will post 0.94 EPS for the current fiscal year.

Regal Entertainment Group declared that its board has approved a share buyback plan on Thursday, August 31st that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a $0.22 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.87%. Regal Entertainment Group’s payout ratio is currently 101.15%.

RGC has been the subject of a number of analyst reports. Moffett Nathanson raised shares of Regal Entertainment Group from a “sell” rating to a “neutral” rating in a report on Wednesday. Wedbush set a $20.00 price objective on shares of Regal Entertainment Group and gave the company a “buy” rating in a report on Wednesday, October 25th. Royal Bank Of Canada raised shares of Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $19.00 to $20.00 in a report on Thursday, October 26th. They noted that the move was a valuation call. Loop Capital dropped their price objective on shares of Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Finally, MKM Partners raised shares of Regal Entertainment Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $20.00 to $22.00 in a report on Tuesday, September 5th. They noted that the move was a valuation call. Two equities research 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. The stock has a consensus rating of “Hold” and a consensus price target of $21.83.

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About Regal Entertainment Group

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

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