Economy

Regal Entertainment Group Class (NYSE:RGC) Moving Today - Down by 1.00%

In the past 52 weeks the company's stock price has moved within the range of $13.90 to $24.79. The Company is the parent company of Regal Entertainment Holdings, Inc.

Other large investors have also recently added to or reduced their stakes in the company. Regal Cinemas' subsidiaries include Regal Cinemas, Inc. Cantab Capital Partners Llp owns 115,312 shares worth $2,359,000,000. As of quarter end Chartwell Investment Partners, LLC had acquired a total of 84,935 shares growing its stake by 38.2%. Pacer Advisors Inc. now owns 6,945 shares of the company's stock worth $151,000 after buying an additional 588 shares in the last quarter. Farmers National Bank raised its stake in shares of Regal Entertainment Group by 6.6% during the 1st quarter.

When thinking about a potential stock's performance, there are a number of indicators that can help us understand the company's financial health. Regal Entertainment Group's dividend payout ratio (DPR) is presently 82.24%. The return on assets stands at 6.4%, Return on Equity now is -20% and the Return on Investment value is 15.3%. David Ownby, EVP disclosed the purchase of 7,500 shares of RGC stock.

Moving average convergence divergence (MACD) shows that the stock is on a PRICE RELATIVITY trend. The number of shares now owned by investors are 33.23 mln. Also, Director Thomas D. Bell, Jr. bought 25,000 shares of the company's stock in a transaction on Tuesday, August 29th. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The Director now owns $1,873,620 of the stock per the Form 4 SEC filing. The disclosure for this purchase can be found here. Following the completion of the purchase, the director now owns 155,572 shares in the company, valued at approximately $2,313,355.64. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

Among 15 analysts covering Regal Entertainment Group (NYSE:RGC), 6 have Buy rating, 2 Sell and 7 Hold.

Amid volatile financial markets and the presidential election, various investment brokerages have made amendments to their price targets and ratings on shares of Regal Entertainment Group (NYSE:RGC). It has been assigned a low target price of $23 and a high target price of $34. Of the analysts who provided ratings, 3 rated the company a Hold, 1 rated it a Moderate Buy, 1 rated it a Moderate Sell, and 5 rated it a Strong Buy. The consensus rating is 2.6, suggesting the market has given up on the stock.

Sell-side analyst recommendations point to a short term price target of $20.64 on the shares of Regal Entertainment Group (RGC).

Shares last traded at $16.78 a bit higher than the 50 day moving average of $15.66 and much lower than the 200 day moving average of $19.33. The company has market cap of $2.68 billion.

The P/E ratio is now 15.58 and the market cap of the company is 2.62B. Wedbush reiterated a "buy" rating on shares of Regal Entertainment Group in a research report on Thursday, July 27th. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The legal version of this story can be viewed at https://stocknewstimes.com/2017/10/08/regal-entertainment-group-rgc-lifted-to-equal-weight-at-morgan-stanley.html. The firm had revenue of $764.20 million during the quarter, compared to analysts' expectations of $764.15 million. Short shares increased 428,311 over that period. The business's revenue for the quarter was down 2.8% on a year-over-year basis. As of the latest earnings report the EPS was $1.08 and is projected to be $0.98 for the current year with 156,347,000 shares outstanding.

Regal Entertainment Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, August 31st that allows the company to repurchase $50.00 million in shares.

02/23/2016 - Regal Entertainment Group had its "market perform" rating reiterated by analysts at JBL Advisors. Shareholders of record on Tuesday, September 5th were issued a $0.22 dividend. The ex-dividend date was Thursday the 31st of August 2017. Moreover, Epoch Invest Prtn has 0.5% invested in Regal Entertainment Group (NYSE:RGC).

ILLEGAL ACTIVITY NOTICE: This report was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another site, it was stolen and republished in violation of U.S. & global trademark and copyright law. Magnetar Ltd Liability reported 0.02% in Regal Entertainment Group (NYSE:RGC).

Regal Entertainment Group, launched on March 6, 2002, 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.

Other hedge funds have also recently bought and sold shares of the company.



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