Schwab Charles Investment Management Inc. Has $7.31 Million Position in Regis Co. (RGS)
Schwab Charles Investment Management Inc. lowered its holdings in Regis Co. (NYSE:RGS) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 511,877 shares of the company’s stock after selling 72,069 shares during the quarter. Schwab Charles Investment Management Inc. owned 1.10% of Regis worth $7,305,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wells Fargo & Company MN grew its stake in Regis by 17.1% during the third quarter. Wells Fargo & Company MN now owns 96,428 shares of the company’s stock worth $1,376,000 after buying an additional 14,072 shares during the last quarter. Trexquant Investment LP bought a new stake in Regis during the third quarter worth about $213,000. SG Americas Securities LLC bought a new stake in Regis during the third quarter worth about $127,000. Russell Investments Group Ltd. grew its stake in Regis by 51.6% during the third quarter. Russell Investments Group Ltd. now owns 128,588 shares of the company’s stock worth $1,835,000 after buying an additional 43,791 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Regis by 24.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 25,290 shares of the company’s stock worth $361,000 after buying an additional 4,890 shares during the last quarter. 95.55% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on RGS shares. Jefferies Group started coverage on shares of Regis in a research note on Wednesday, September 13th. They set a “buy” rating and a $15.00 price objective on the stock. Zacks Investment Research cut shares of Regis from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Finally, KeyCorp assumed coverage on shares of Regis in a research note on Wednesday, December 20th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Regis currently has an average rating of “Buy” and a consensus price target of $17.00.
Regis (NYSE:RGS) last announced its earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.03). Regis had a positive return on equity of 0.81% and a negative net margin of 2.70%. The company had revenue of $309.87 million for the quarter, compared to analyst estimates of $334.10 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. research analysts anticipate that Regis Co. will post 0.23 EPS for the current fiscal year.
Regis Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. 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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