Atlantic Trust Group LLC lowered its position in Regal Entertainment Group (NYSE:RGC) by 2.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 127,800 shares of the company’s stock after selling 2,775 shares during the period. Atlantic Trust Group LLC owned approximately 0.08% of Regal Entertainment Group worth $2,045,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of RGC. The Manufacturers Life Insurance Company grew its position in shares of Regal Entertainment Group by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock worth $100,000 after buying an additional 373 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its position in shares of Regal Entertainment Group by 169.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company’s stock worth $113,000 after buying an additional 3,471 shares during the last quarter. Tortoise Investment Management LLC purchased a new position in shares of Regal Entertainment Group in the 3rd quarter worth approximately $117,000. Farmers National Bank grew its position in shares of Regal Entertainment Group by 901.2% in the 2nd quarter. Farmers National Bank now owns 81,096 shares of the company’s stock worth $135,000 after buying an additional 72,996 shares during the last quarter. Finally, IFP Advisors Inc grew its position in shares of Regal Entertainment Group by 60.8% in the 3rd quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock worth $139,000 after buying an additional 3,294 shares during the last quarter. 85.31% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Regal Entertainment Group (NYSE:RGC) opened at $23.01 on Friday. The company has a market cap of $3,614.49, a P/E ratio of 26.16, a P/E/G ratio of 2.45 and a beta of 1.14. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. Regal Entertainment Group has a 12 month low of $13.90 and a 12 month high of $23.56.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, beating the 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 business had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $701.66 million. During the same period in the previous year, the business posted $0.29 EPS. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. analysts anticipate that Regal Entertainment Group will post 0.94 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.82%. The ex-dividend date of this dividend was Friday, December 1st. Regal Entertainment Group’s payout ratio is 101.15%.

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada raised shares of Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $19.00 to $20.00 in a research report on Thursday, October 26th. They noted that the move was a valuation call. Wedbush set a $20.00 target price on shares of Regal Entertainment Group and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Loop Capital cut shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research note on Wednesday, December 6th. Macquarie cut shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 target price for the company. in a research note on Wednesday, December 6th. Finally, Moffett Nathanson upgraded shares of Regal Entertainment Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.83.

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

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