Regal Entertainment Group (RGC) Stake Decreased by Advisor Group Inc.

Advisor Group Inc. decreased its holdings in Regal Entertainment Group (NYSE:RGC) by 46.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,893 shares of the company’s stock after selling 6,001 shares during the period. Advisor Group Inc.’s holdings in Regal Entertainment Group were worth $159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RGC. The Manufacturers Life Insurance Company boosted its stake in shares of Regal Entertainment Group by 8.3% in 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 during the period. New York State Common Retirement Fund lifted its position in shares of Regal Entertainment Group by 2.3% in the third quarter. New York State Common Retirement Fund now owns 433,825 shares of the company’s stock worth $6,941,000 after buying an additional 9,825 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Regal Entertainment Group by 3.0% in the third quarter. Bank of New York Mellon Corp now owns 940,463 shares of the company’s stock worth $15,048,000 after buying an additional 27,357 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Regal Entertainment Group by 250.8% in the third quarter. SG Americas Securities LLC now owns 33,008 shares of the company’s stock worth $528,000 after buying an additional 23,598 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Regal Entertainment Group by 14.2% in the third quarter. Legal & General Group Plc now owns 108,485 shares of the company’s stock worth $1,737,000 after buying an additional 13,471 shares in the last quarter. 76.23% of the stock is owned by hedge funds and other institutional investors.

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Shares of RGC stock opened at $22.99 on Monday. Regal Entertainment Group has a 1 year low of $13.90 and a 1 year 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.

A number of research firms recently commented on RGC. Zacks Investment Research upgraded Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. B. Riley downgraded 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 Regal Entertainment Group and gave the stock a “hold” rating in a research report on Monday, January 8th. MKM Partners downgraded Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 target price on the stock. in a research report on Wednesday, January 17th. Finally, Piper Jaffray set a $23.00 target price on Regal Entertainment Group and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $21.50.

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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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