GSA Capital Partners LLP cut its stake in Regis Corp. (NYSE:RGS) by 32.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 12,767 shares of the company’s stock after selling 6,020 shares during the period. GSA Capital Partners LLP’s holdings in Regis Corp. were worth $159,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in RGS. SG Americas Securities LLC purchased a new position in shares of Regis Corp. during the second quarter valued at $219,000. Societe Generale bought a new stake in shares of Regis Corp. during the second quarter valued at approximately $219,000. California State Teachers Retirement System increased its stake in shares of Regis Corp. by 2.1% in the second quarter. California State Teachers Retirement System now owns 77,907 shares of the company’s stock valued at $970,000 after buying an additional 1,599 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in shares of Regis Corp. by 16,820.9% in the second quarter. Wedge Capital Management L L P NC now owns 2,740,009 shares of the company’s stock valued at $23,317,000 after buying an additional 2,723,816 shares in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Regis Corp. during the second quarter valued at approximately $327,000. 97.87% of the stock is owned by institutional investors.
Shares of Regis Corp. (NYSE:RGS) traded up 0.88% during midday trading on Tuesday, hitting $12.62. The stock had a trading volume of 100,402 shares. The firm’s market capitalization is $580.92 million. Regis Corp. has a one year low of $10.96 and a one year high of $18.13. The firm’s 50-day moving average price is $12.87 and its 200-day moving average price is $13.53.
Regis Corp. (NYSE:RGS) last posted its earnings results on Tuesday, August 23rd. The company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.13. The business earned $47.70 million during the quarter, compared to the consensus estimate of $456.17 million. Regis Corp. had a positive return on equity of 0.52% and a negative net margin of 0.63%. Regis Corp.’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned $0.01 EPS. On average, equities analysts predict that Regis Corp. will post $0.08 EPS for the current year.
About Regis Corp.
Regis Corporation owns, franchises and operates beauty salons. The Company operates in three segments: North American Value, North American Premium and International. As of June 30, 2015, the Company owned, franchised or held ownership interests in 9,556 locations around the world. The Company’s locations consist of around 9,300 company-owned and franchised salons and around 200 locations in which it maintains a non-controlling ownership interest.
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