Pioneer Investment Management Inc. lowered its position in shares of Regal Entertainment Group (NYSE:RGC) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 647,883 shares of the company’s stock after selling 27,126 shares during the period. Pioneer Investment Management Inc.’s holdings in Regal Entertainment Group were worth $13,256,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in RGC. Prudential Financial Inc. bought a new stake in shares of Regal Entertainment Group during the first quarter worth $1,856,000. Legal & General Group Plc raised its stake in shares of Regal Entertainment Group by 41.8% in the first quarter. Legal & General Group Plc now owns 96,387 shares of the company’s stock worth $2,177,000 after buying an additional 28,399 shares during the last quarter. Barings LLC increased its position in Regal Entertainment Group by 60.0% in the first quarter. Barings LLC now owns 110,858 shares of the company’s stock worth $2,503,000 after buying an additional 41,558 shares during the period. Dynamic Advisors Solutions LLC increased its position in Regal Entertainment Group by 4.5% in the second quarter. Dynamic Advisors Solutions LLC now owns 183,991 shares of the company’s stock worth $3,764,000 after buying an additional 7,926 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Regal Entertainment Group by 85.4% in the first quarter. Asset Management One Co. Ltd. now owns 149,421 shares of the company’s stock worth $3,380,000 after buying an additional 68,842 shares during the period. Institutional investors own 77.16% of the company’s stock.
Shares of Regal Entertainment Group (NYSE:RGC) opened at 17.41 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 16.15 and a beta of 0.92. Regal Entertainment Group has a 52 week low of $17.33 and a 52 week high of $24.79. The firm’s 50-day moving average is $19.37 and its 200 day moving average is $21.08.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $764.20 million for the quarter, compared to analysts’ expectations of $764.15 million. Regal Entertainment Group had a negative return on equity of 20.42% and a net margin of 5.24%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. On average, equities analysts forecast that Regal Entertainment Group will post $1.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 5.05%. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 82.24%.
A number of research analysts have commented on the stock. Royal Bank Of Canada reissued a “hold” rating on shares of Regal Entertainment Group in a research report on Thursday, April 27th. B. Riley reissued a “buy” rating and set a $28.75 target price on shares of Regal Entertainment Group in a research report on Monday, April 24th. Zacks Investment Research raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, April 20th. Finally, BidaskClub downgraded shares of Regal Entertainment Group from a “sell” rating to a “strong sell” rating in a research report on Thursday. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.57.
About Regal Entertainment Group
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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