Hartford Financial Management Inc. Has $2.24 Million Holdings in Regal Entertainment Group (RGC)

Hartford Financial Management Inc. cut its position in shares of Regal Entertainment Group (NYSE:RGC) by 18.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 97,542 shares of the company’s stock after selling 22,246 shares during the period. Regal Entertainment Group comprises 1.1% of Hartford Financial Management Inc.’s holdings, making the stock its 29th largest position. Hartford Financial Management Inc.’s holdings in Regal Entertainment Group were worth $2,244,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of RGC. Schwab Charles Investment Management Inc. lifted its position in shares of Regal Entertainment Group by 8.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 620,383 shares of the company’s stock worth $12,694,000 after purchasing an additional 50,201 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Regal Entertainment Group in the second quarter worth approximately $193,000. Bank of New York Mellon Corp lifted its position in shares of Regal Entertainment Group by 10.4% in the second quarter. Bank of New York Mellon Corp now owns 913,106 shares of the company’s stock worth $18,682,000 after purchasing an additional 86,203 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Regal Entertainment Group by 20.2% in the second quarter. Principal Financial Group Inc. now owns 22,726 shares of the company’s stock worth $465,000 after purchasing an additional 3,824 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Regal Entertainment Group by 2.2% in the second quarter. Swiss National Bank now owns 190,000 shares of the company’s stock worth $3,887,000 after purchasing an additional 4,000 shares in the last quarter. 85.31% of the stock is owned by institutional investors.

Shares of Regal Entertainment Group (RGC) traded up $0.04 during mid-day trading on Tuesday, reaching $22.97. The company’s stock had a trading volume of 1,229,900 shares, compared to its average volume of 2,976,589. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.56. 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 $3,606.64, a P/E ratio of 26.40, a PEG ratio of 2.20 and a beta of 1.13.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.04 by $0.03. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. The company had revenue of $716.00 million for the quarter, compared to the consensus estimate of $701.66 million. During the same quarter last year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. sell-side analysts expect that Regal Entertainment Group will post 0.93 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. Piper Jaffray Companies set a $23.00 price target on shares of Regal Entertainment Group and gave the stock a “hold” rating in a research report on Wednesday, January 3rd. Barrington Research lowered shares of Regal Entertainment Group from an “outperform” rating to a “market perform” rating in a research report on Tuesday, December 5th. B. Riley lowered shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $24.75 to $23.00 in a research report on Tuesday, January 2nd. Hilliard Lyons lowered shares of Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Finally, Macquarie lowered shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $22.00.

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

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