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 Co. (NYSE RGS) opened at $15.59 on Friday. Regis Co. has a 12-month low of $9.02 and a 12-month high of $16.68. The stock has a market cap of $720.16, a P/E ratio of -17.13, a PEG ratio of 9.60 and a beta of 1.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.94.

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.

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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.

Institutional Ownership by Quarter for Regis (NYSE:RGS)

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