QS Investors LLC Acquires 3,279 Shares of Regal Entertainment Group (RGC)

QS Investors LLC raised its position in Regal Entertainment Group (NYSE:RGC) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,056 shares of the company’s stock after buying an additional 3,279 shares during the period. QS Investors LLC owned about 0.06% of Regal Entertainment Group worth $2,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RGC. Sand Grove Capital Management LLP purchased a new position in Regal Entertainment Group in the fourth quarter valued at $64,187,000. Alpine Associates Management Inc. purchased a new position in Regal Entertainment Group in the fourth quarter valued at $43,516,000. Neuberger Berman Group LLC increased its holdings in Regal Entertainment Group by 20.9% in the third quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock valued at $95,464,000 after buying an additional 1,032,378 shares in the last quarter. Carillon Tower Advisers Inc. purchased a new position in Regal Entertainment Group in the fourth quarter valued at $22,229,000. Finally, Gabelli Funds LLC purchased a new position in Regal Entertainment Group in the fourth quarter valued at $20,869,000. 76.23% of the stock is owned by institutional investors.

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A number of research firms have weighed in on RGC. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a report on Friday, February 9th. B. Riley cut shares of Regal Entertainment Group to a “hold” rating and set a $23.00 price objective for the company. in a report on Monday, January 22nd. MKM Partners cut shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price objective for the company. in a report on Wednesday, January 17th. Wedbush set a $23.00 price objective on shares of Regal Entertainment Group and gave the company a “hold” rating in a report on Monday, January 8th. Finally, Piper Jaffray Companies set a $23.00 price objective on shares of Regal Entertainment Group and gave the company a “hold” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the stock. Regal Entertainment Group presently has a consensus rating of “Hold” and an average price target of $22.23.

Shares of Regal Entertainment Group (RGC) opened at $22.99 on Tuesday. Regal Entertainment Group has a 52-week low of $13.90 and a 52-week high of $23.17. The stock has a market cap of $3,610.00, a PE ratio of 27.70, a PEG ratio of 2.22 and a beta of 1.05. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78.

The business also recently announced a quarterly dividend, which was paid on Monday, February 26th. Stockholders of record on Saturday, February 17th were given a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.83%. Regal Entertainment Group’s dividend payout ratio (DPR) is 106.02%.

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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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