Economy

What the Technicals Say About Regal Entertainment Group (RGC)

New Mountain Vantage Advisers L.L.C. owns 1.59 million shares or 2.37% of their U.S. portfolio. Regal Entertainment Group (RGC) has declined 1.35% since October 12, 2016 and is downtrending. Cantab Capital Prtn Llp owns 0% invested in Regal Entertainment Group (NYSE:RGC) for 115,312 shares.

A number of other large investors have also recently bought and sold shares of RGC. Shares of RGC have downtrended -17.35% in the past three months, while the S&P 500 has moved -23.23% in that time.

Green Street Investors Llc holds 9.03% of its portfolio in HCP, Inc. for 440,400 shares. Ffcm LLC now owns 8,109 shares of the company's stock worth $165,000 after purchasing an additional 4,480 shares in the last quarter. Asset Mgmt One Ltd has invested 0.01% of its portfolio in Regal Entertainment Group (NYSE:RGC).

Regal Entertainment Group is an operator of theatre circuits in the United States. For the quarter, shares have been noted at -18.45%. Finally, OppenheimerFunds Inc. raised its holdings in Regal Entertainment Group by 37.5% during the 1st quarter. Institutional investors own 82.41% of the company's stock. Also, CFO David Ownby purchased 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $14.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas D. Bell, Jr. purchased 25,000 shares of the company's stock in a transaction that occurred on Tuesday, August 29th. The stock's average target of $30.67 is 16.48% above today's ($26.33) share price. In general, an ADX value from 0-25 would indicate an absent or weak trend. The disclosure for this purchase can be found here.

The Percentage Price Oscillator has been recently spotted below the signal line on shares of Regal Entertainment Group (RGC). Since the start of the trading session, the stock has hit a high of 16.11 and dropped to a low of 15.67. The trading saw a strength at $24.79, the 52-week high. They expect $0.13 earnings per share, down 55.17% or $0.16 from last year's $0.29 per share.

Hamlin Capital Management Llc holds 3.65% of its portfolio in Regal Entertainment Group for 4.28 million shares. The dividend was $0.220 per share for the quarter or $0.88 annualized. The firm had revenue of $764.20 million during the quarter, compared to the consensus estimate of $764.15 million. Return on Equity (ROE) stands at -20% and Return on Investment (ROI) of 15.3 percent. The company's quarterly revenue was down 2.8% on a year-over-year basis.

The most current P/E ratio is 14.86 and the market cap is 2.50B.

The company's quick ratio for most recent quarter is 1.00. Stockholders of record on Tuesday, September 5th were issued a $0.22 dividend. The ex-dividend date was Thursday, August 31st. Tracking most recent quarter period, Price to book (P/B) ration is at 4.80 and Price to cash per share ration is at 5.67. Washington Bank has 0% invested in Regal Entertainment Group (NYSE:RGC) for 740 shares.

Regal Entertainment Group declared that its board has initiated a stock buyback program on Thursday, August 31st that allows the company to repurchase $50.00 million in shares.

Public Joint-Stock Company Mobile TeleSystems (MBT) stock price tumbled -2.73% to finalize at $10.52 throughout previous buying and selling session. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued. The original version of this report can be read at https://weekherald.com/2017/10/12/regal-entertainment-group-rgc-position-raised-by-polaris-capital-management-llc.html. The value of the investment in (RGC) increased from $2,277,000 to $2,359,000,000 a change of 103,501.2% for the reporting period.

Insider Trades for Regal Entertainment Group show that the latest trade was made on 24 Aug 2017 where Kaplan (Stephen A), the Director completed a transaction type "Buy" in which 10000 shares were traded at a price of $14.87. Zacks Investment Research upgraded shares of Regal Entertainment Group from a "sell" rating to a "hold" rating in a report on Tuesday. At the time of writing, the First Call consensus price target for the company is $19.64. This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation.



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