Investors Sell Shares of Regal Entertainment Group (RGC) on Strength (RGC)

Investors sold shares of Regal Entertainment Group (NYSE:RGC) on strength during trading hours on Tuesday. $154.73 million flowed into the stock on the tick-up and $242.25 million flowed out of the stock on the tick-down, for a money net flow of $87.52 million out of the stock. Of all companies tracked, Regal Entertainment Group had the 0th highest net out-flow for the day. Regal Entertainment Group traded up $1.95 for the day and closed at $22.68

A number of research firms recently issued reports on RGC. BidaskClub downgraded shares of Regal Entertainment Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 10th. Barrington Research downgraded shares of Regal Entertainment Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Wedbush downgraded shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 target price for the company. in a research report on Tuesday. Credit Suisse Group decreased their target price on shares of Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating for the company in a research report on Thursday, September 28th. Finally, Benchmark boosted their target price on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $21.73.

The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. The firm has a market capitalization of $3,250.00, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14.

Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The company had revenue of $716.00 million during the quarter, compared to analysts’ expectations of $701.66 million. During the same quarter in the previous year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. sell-side analysts anticipate that Regal Entertainment Group will post 0.95 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.88 dividend on an annualized basis and a yield of 3.88%. Regal Entertainment Group’s payout ratio is 106.02%.

Regal Entertainment Group declared that its board has authorized a share repurchase plan on Thursday, August 31st that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to buy up to 2.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AXA purchased a new position in Regal Entertainment Group in the third quarter valued at $6,803,000. Coe Capital Management LLC increased its stake in shares of Regal Entertainment Group by 31.2% during the third quarter. Coe Capital Management LLC now owns 117,395 shares of the company’s stock worth $1,878,000 after purchasing an additional 27,930 shares in the last quarter. Neuberger Berman Group LLC increased its stake in shares of Regal Entertainment Group by 20.9% during the third quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after purchasing an additional 1,032,378 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Regal Entertainment Group by 12.9% during the third quarter. California Public Employees Retirement System now owns 307,040 shares of the company’s stock worth $4,913,000 after purchasing an additional 35,040 shares in the last quarter. Finally, Tortoise Investment Management LLC purchased a new stake in shares of Regal Entertainment Group during the third quarter worth about $117,000. 85.33% of the stock is owned by institutional investors.

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Regal Entertainment Group Company Profile

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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