Harvest Management LLC purchased a new position in shares of Regal Entertainment Group (NYSE:RGC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 130,000 shares of the company’s stock, valued at approximately $2,991,000. Regal Entertainment Group makes up 2.0% of Harvest Management LLC’s portfolio, making the stock its 16th largest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of RGC. Alpine Associates Management Inc. acquired a new position in Regal Entertainment Group during the 4th quarter worth approximately $43,516,000. Victory Capital Management Inc. acquired a new position in Regal Entertainment Group during the 3rd quarter worth approximately $22,557,000. Neuberger Berman Group LLC grew its holdings in Regal Entertainment Group by 20.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after acquiring an additional 1,032,378 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new position in Regal Entertainment Group during the 4th quarter worth approximately $22,229,000. Finally, Gabelli Funds LLC acquired a new position in Regal Entertainment Group during the 4th quarter worth approximately $20,869,000. Institutional investors own 76.23% of the company’s stock.
Regal Entertainment Group (NYSE:RGC) opened at $22.99 on Tuesday. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month 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 $3,609.77, a price-to-earnings ratio of 26.13, a PEG ratio of 2.22 and a beta of 1.05.
Several research analysts have commented on RGC shares. Royal Bank of Canada boosted their price target on shares of Regal Entertainment Group to $23.00 in a report on Wednesday, November 29th. B. Riley reiterated a “buy” rating and set a $24.75 price target on shares of Regal Entertainment Group in a report on Tuesday, December 5th. Benchmark boosted their price target on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Zacks Investment Research upgraded shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, Loop Capital cut shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Wednesday, December 6th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $22.23.
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About Regal Entertainment Group
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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