Alpine Associates Management Inc. bought a new position in shares of Regal Entertainment Group (NYSE:RGC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,891,182 shares of the company’s stock, valued at approximately $43,516,000. Regal Entertainment Group makes up about 1.6% of Alpine Associates Management Inc.’s portfolio, making the stock its 17th largest position.

Several other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its position in shares of Regal Entertainment Group by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock worth $100,000 after acquiring an additional 373 shares in the last quarter. National Asset Management Inc. increased its position in shares of Regal Entertainment Group by 9.4% during the second quarter. National Asset Management Inc. now owns 9,939 shares of the company’s stock worth $204,000 after acquiring an additional 852 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Regal Entertainment Group by 68.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the company’s stock worth $143,000 after acquiring an additional 2,524 shares in the last quarter. Atria Investments LLC increased its position in shares of Regal Entertainment Group by 29.7% during the fourth quarter. Atria Investments LLC now owns 13,416 shares of the company’s stock worth $309,000 after acquiring an additional 3,076 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Regal Entertainment Group by 60.8% during the third quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock worth $139,000 after acquiring an additional 3,294 shares in the last quarter. 82.04% of the stock is owned by institutional investors.

Shares of Regal Entertainment Group (RGC) opened at $23.12 on Wednesday. Regal Entertainment Group has a 52-week low of $13.90 and a 52-week high of $23.17. 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 stock has a market cap of $3,630.00, a PE ratio of 27.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Saturday, February 17th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Thursday, February 15th. Regal Entertainment Group’s payout ratio is 106.02%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. B. Riley downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $24.75 to $23.00 in a research report on Tuesday, January 2nd. Wedbush set a $23.00 target price on shares of Regal Entertainment Group and gave the stock a “hold” rating in a research report on Monday, January 8th. MKM Partners downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Wednesday, January 17th. Finally, Piper Jaffray Companies set a $23.00 target price on shares of Regal Entertainment Group and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $22.23.

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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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