Regal Entertainment Group (NYSE:RGC) reached a new 52-week high on Wednesday . The company traded as high as $22.61 and last traded at $22.54, with a volume of 571,633 shares traded. The stock had previously closed at $22.20.

RGC has been the topic of a number of research reports. Benchmark Co. upped their price target on Regal Entertainment Group from $23.41 to $24.36 and gave the stock a “buy” rating in a report on Thursday, April 21st. Drexel Hamilton reaffirmed a “buy” rating on shares of Regal Entertainment Group in a research note on Saturday, April 30th. Wunderlich reaffirmed a “buy” rating and issued a $31.00 target price on shares of Regal Entertainment Group in a research note on Monday, June 27th. Topeka Capital Markets upped their target price on Regal Entertainment Group from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, April 29th. Finally, Moffett Nathanson lowered Regal Entertainment Group to a “hold” rating in a research note on Sunday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.90.

The stock’s 50 day moving average is $20.97 and its 200 day moving average is $20.01. The company has a market capitalization of $3.53 billion and a PE ratio of 20.73.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. During the same quarter last year, the firm posted $0.15 EPS. The business earned $787.10 million during the quarter, compared to analyst estimates of $763.65 million. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts anticipate that Regal Entertainment Group will post $1.01 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 16th. Shareholders of record on Monday, June 6th were given a $0.22 dividend. The ex-dividend date was Thursday, June 2nd. This represents a $0.88 annualized dividend and a yield of 3.89%.

In other Regal Entertainment Group news, EVP Peter B. Brandow sold 49,024 shares of Regal Entertainment Group stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $21.51, for a total value of $1,054,506.24. Following the transaction, the executive vice president now owns 219,028 shares in the company, valued at $4,711,292.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Gregory W. Dunn sold 25,000 shares of Regal Entertainment Group stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $20.28, for a total transaction of $507,000.00. Following the completion of the transaction, the chief operating officer now owns 104,916 shares in the company, valued at approximately $2,127,696.48. The disclosure for this sale can be found here.

A number of institutional investors have recently bought and sold shares of RGC. Foresters Investment Management Company Inc. raised its position in Regal Entertainment Group by 0.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 650,400 shares of the company’s stock worth $12,273,000 after buying an additional 4,000 shares in the last quarter. TD Asset Management Inc. raised its position in Regal Entertainment Group by 6.9% in the fourth quarter. TD Asset Management Inc. now owns 428,969 shares of the company’s stock worth $8,095,000 after buying an additional 27,796 shares in the last quarter. Russell Frank Co raised its position in Regal Entertainment Group by 24.8% in the fourth quarter. Russell Frank Co now owns 551,795 shares of the company’s stock worth $10,401,000 after buying an additional 109,629 shares in the last quarter. California State Teachers Retirement System raised its position in Regal Entertainment Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 153,410 shares of the company’s stock worth $2,895,000 after buying an additional 2,443 shares in the last quarter. Finally, Miller Howard Investments Inc. NY raised its position in Regal Entertainment Group by 0.3% in the fourth quarter. Miller Howard Investments Inc. NY now owns 267,545 shares of the company’s stock worth $5,049,000 after buying an additional 712 shares in the last quarter.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

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