Renaissance Technologies LLC Acquires 73,000 Shares of Regis Co. (NYSE:RGS)
Renaissance Technologies LLC increased its holdings in Regis Co. (NYSE:RGS) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,145,800 shares of the company’s stock after purchasing an additional 73,000 shares during the period. Renaissance Technologies LLC owned approximately 5.46% of Regis worth $35,620,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of RGS. BNP Paribas Arbitrage SA boosted its holdings in Regis by 78.6% in the first quarter. BNP Paribas Arbitrage SA now owns 7,754 shares of the company’s stock worth $153,000 after purchasing an additional 3,412 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Regis by 155.0% during the first quarter. SG Americas Securities LLC now owns 16,400 shares of the company’s stock valued at $323,000 after acquiring an additional 9,968 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in Regis during the first quarter valued at about $250,000. State Board of Administration of Florida Retirement System boosted its holdings in Regis by 36.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 60,834 shares of the company’s stock valued at $1,197,000 after acquiring an additional 16,333 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in Regis by 19.2% during the first quarter. California Public Employees Retirement System now owns 104,894 shares of the company’s stock valued at $2,063,000 after acquiring an additional 16,895 shares during the period. Hedge funds and other institutional investors own 96.01% of the company’s stock.
Shares of NYSE RGS traded up $0.69 during mid-day trading on Friday, hitting $19.73. The company had a trading volume of 8,502 shares, compared to its average volume of 519,870. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.64 and a quick ratio of 1.04. The business’s 50-day simple moving average is $17.28 and its 200-day simple moving average is $18.33. Regis Co. has a 12 month low of $14.50 and a 12 month high of $21.46. The firm has a market cap of $679.37 million, a P/E ratio of 14.30, a PEG ratio of 3.49 and a beta of 1.08.
In related news, CFO Andrew H. Lacko bought 6,500 shares of Regis stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average price of $16.09 per share, for a total transaction of $104,585.00. Following the completion of the purchase, the chief financial officer now owns 138,020 shares in the company, valued at $2,220,741.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 33.00% of the stock is currently owned by company insiders.
A number of equities research analysts have issued reports on the stock. ValuEngine cut shares of Regis from a “hold” rating to a “sell” rating in a report on Wednesday, August 28th. Zacks Investment Research upgraded shares of Regis from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research note on Saturday, August 31st.
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.
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