Credit Agricole S A Takes Position in Regal Entertainment Group (RGC)

Credit Agricole S A bought a new stake in shares of Regal Entertainment Group (NYSE:RGC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,014 shares of the company’s stock, valued at approximately $165,000.

Several other institutional investors have also recently bought and sold shares of RGC. Epoch Investment Partners Inc. increased its position in Regal Entertainment Group by 1.9% in the third quarter. Epoch Investment Partners Inc. now owns 6,930,509 shares of the company’s stock valued at $150,738,000 after buying an additional 127,290 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in Regal Entertainment Group by 14.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,760,927 shares of the company’s stock valued at $60,050,000 after buying an additional 358,129 shares during the last quarter. GW&K Investment Management LLC increased its position in Regal Entertainment Group by 6.4% in the third quarter. GW&K Investment Management LLC now owns 1,478,415 shares of the company’s stock valued at $32,156,000 after buying an additional 88,983 shares during the last quarter. New Mountain Vantage Advisers L.L.C. purchased a new position in Regal Entertainment Group during the third quarter valued at approximately $29,265,000. Finally, State Street Corp increased its position in Regal Entertainment Group by 4.4% in the fourth quarter. State Street Corp now owns 1,243,460 shares of the company’s stock valued at $25,614,000 after buying an additional 52,615 shares during the last quarter. 65.33% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Regal Entertainment Group (NYSE:RGC)

Shares of Regal Entertainment Group (NYSE:RGC) traded down 0.76% on Friday, hitting $22.11. The stock had a trading volume of 1,370,795 shares. The company has a market capitalization of $3.45 billion, a PE ratio of 20.28 and a beta of 0.92. The firm has a 50-day moving average of $22.14 and a 200 day moving average of $22.12. Regal Entertainment Group has a 1-year low of $19.35 and a 1-year high of $24.79.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.07. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The company earned $812.60 million during the quarter, compared to analyst estimates of $804.85 million. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that Regal Entertainment Group will post $1.22 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on RGC shares. Wedbush reaffirmed an “outperform” rating and issued a $26.00 target price (up previously from $25.00) on shares of Regal Entertainment Group in a research report on Friday, April 7th. Zacks Investment Research raised Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Thursday. FBR & Co reissued a “hold” rating and set a $23.00 price target on shares of Regal Entertainment Group in a research report on Monday, April 3rd. Loop Capital reissued a “hold” rating and set a $22.00 price target on shares of Regal Entertainment Group in a research report on Tuesday, February 7th. Finally, B. Riley reissued a “buy” rating and set a $27.50 price target on shares of Regal Entertainment Group in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $25.20.

In related news, EVP Peter B. Brandow sold 20,233 shares of Regal Entertainment Group stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.50, for a total transaction of $455,242.50. Following the completion of the sale, the executive vice president now owns 212,715 shares in the company, valued at approximately $4,786,087.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory W. Dunn sold 26,050 shares of Regal Entertainment Group stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.15, for a total transaction of $577,007.50. Following the sale, the insider now owns 67,052 shares of the company’s stock, valued at approximately $1,485,201.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Regal Entertainment Group

Regal Entertainment Group is an operator of theatre circuits in the United States. As of December 31, 2016, the Company operated 7,267 screens in 561 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

5 Day Chart for NYSE:RGC

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