Two Sigma Advisers LP cut its holdings in shares of Regal Entertainment Group (NYSE:RGC) by 24.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 390,325 shares of the company’s stock after selling 125,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.25% of Regal Entertainment Group worth $8,981,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in shares of Regal Entertainment Group by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after purchasing an additional 373 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Regal Entertainment Group by 68.6% in the 4th 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 during the last quarter. Tortoise Investment Management LLC purchased a new stake in Regal Entertainment Group in the 3rd quarter worth about $117,000. State of Alaska Department of Revenue purchased a new stake in Regal Entertainment Group in the 4th quarter worth about $176,000. Finally, DLD Asset Management LP purchased a new stake in Regal Entertainment Group in the 4th quarter worth about $242,000. 76.23% of the stock is owned by hedge funds and other institutional investors.
Regal Entertainment Group (NYSE RGC) opened at $22.99 on Monday. Regal Entertainment Group has a 12 month low of $13.90 and a 12 month high of $23.17. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84. The company has a market capitalization of $3,610.00, a PE ratio of 27.70, a price-to-earnings-growth ratio of 2.22 and a beta of 1.05.
Several brokerages recently weighed in on RGC. Zacks Investment Research raised Regal Entertainment Group from a “sell” rating to a “hold” rating in a report on Friday, February 9th. B. Riley lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $24.75 to $23.00 in a report on Tuesday, January 2nd. Wedbush set a $23.00 price objective on Regal Entertainment Group and gave the stock a “hold” rating in a report on Monday, January 8th. MKM Partners lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Wednesday, January 17th. Finally, Piper Jaffray set a $23.00 price objective on Regal Entertainment Group and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.50.
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Regal Entertainment Group Company 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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