Economy

Regal Entertainment Group (RGC) Upgraded to Buy at MKM Partners

Stock is now moving with a negative distance from the 200 day simple moving average of approximately -28.03%, and has a poor year to date (YTD) performance of -27.48% which means the stock is constantly subtracting to its value from the previous fiscal year end price. The analysts noted that the move was a valuation call. Macquarie Research upgraded the shares of RGC in report on Tuesday, September 8 to "Outperform" rating.

Zacks presents analysts with an ABR (Average Broker Rating), based on the sell-side recommendations. Cornerstone Capital Management Ltd Liability Company has invested 0.1% in Regal Entertainment Group (NYSE:RGC). They now have a Dollars 26 price target on the stock. Of those analysts, 4 rate stock as a Strong Buy, 3 rate it as Hold, and just 1 analyst rates it as a Moderate Sell. Price Target plays a critical role when it comes to the analysis of a Stock.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Wednesday, July 26th. Royal Bank Of Canada lowered their price objective on shares of Regal Entertainment Group from $25.00 to $22.00 and set a sector perform rating for the company in a research report on Thursday, June 22nd.

The stock has a 50-day moving average of $17.04 and a 200 day moving average of $20.18. The company rocked its 52-Week High of $24.79 and touched its 52-Week Low of $13.9.

Regal Entertainment Group most recently reported earnings per share (EPS) of $0.16 for the June 2017 versus $0.23 in the same quarter previous year, representing -30% growth. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.42%. Revenue during the quarter was $764.2 million, representing -3% growth from $785.9 million in year-ago quarter. The dividend will be $0.220 per share for the quarter or $0.88 on an annualized basis. Lastly, Parallel Advisors increased its position in Regal Entertainment Group by 2.1% in the 1st period.

Regal Entertainment Group (NYSE:RGC) institutional sentiment increased to 1.84 in Q4 2016. 14,947 are owned by Dreman Value Management L L C. Teacher Retirement Systems Of Texas reported 0% in Sanmina Corp (NASDAQ:SANM). If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. Sanmina-SCI Corporation had 22 analyst reports since July 21, 2015 according to SRatingsIntel.

Regal Entertainment Group (RGC) now has a Return on Assets (ROA) value of 6.4 Percent. The Beta for the stock stands at 0.97. Investors of record on Tuesday, September 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. Vanguard Group Inc. raised its stake in shares of Regal Entertainment Group by 3.0% during the second quarter. Volume was up 600.70% over the stocks average daily volume. The shares were bought at an average price of $14.87 per share, with a total value of $148,700.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of other hedge funds also recently bought and sold shares of RGC. The stock decreased 1.34% or $0.2 on September 8, reaching $14.75. Following the purchase, the director now owns 155,572 shares of the company's stock, valued at $2,313,355.64. The disclosure for this purchase can be found here. Market Cap is also the figure use to determine company's size, as opposed to using sales or total asset figures.

Several large investors have recently modified their holdings of the company. BidaskClub dropped Regal Entertainment Group from a sell recommendation to a strong sell recommendation in a study note published on early Thur, Aug 10th. Following the purchase, the chief financial officer now owns 229,573 shares of the company's stock, valued at $3,223,204.92. BlackRock Inc. raised its stake in shares of Regal Entertainment Group by 20.7% during the second quarter. They expect this year's earnings to fall -7.21% year-over-year to $1.03, followed by 15.53% growth in the next year to $1.19. Russell Investments Group Ltd. grew its stake in shares of Regal Entertainment Group by 0.4% in the first quarter. Insiders own 2.00% of the company's stock.

04/11/2017 - Regal Entertainment Group had its "buy" rating reiterated by analysts at Benchmark. The original version of this story can be read at https://stocknewstimes.com/2017/09/07/eagle-asset-management-inc-sells-735125-shares-of-regal-entertainment-group-rgc.html. SYMC has risen 7.41% in the 1-month period. Suntrust Banks has invested 0.02% of its portfolio in Regal Entertainment Group (NYSE:RGC).



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