Regal Entertainment Group (NYSE:RGC) hit a new 52-week high on Wednesday . The stock traded as high as $23.28 and last traded at $23.15, with a volume of 207,426 shares. The stock had previously closed at $23.20.

Several equities research analysts recently weighed in on RGC shares. B. Riley reissued a “neutral” rating and issued a $22.00 price objective on shares of Regal Entertainment Group in a report on Friday, April 29th. Benchmark Co. lifted their price objective on Regal Entertainment Group from $23.41 to $24.36 and gave the stock a “buy” rating in a report on Thursday, April 21st. MKM Partners lifted their price objective on Regal Entertainment Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Sunday, May 1st. Morgan Stanley reissued a “sell” rating and issued a $18.00 price objective on shares of Regal Entertainment Group in a report on Friday, April 29th. Finally, Topeka Capital Markets lifted their price objective on Regal Entertainment Group from $20.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, April 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Regal Entertainment Group presently has a consensus rating of “Hold” and an average target price of $21.96.

The firm has a 50 day moving average price of $21.20 and a 200-day moving average price of $20.14. The stock has a market capitalization of $3.60 billion and a P/E ratio of 21.161.

Regal Entertainment Group (NYSE:RGC) last issued its quarterly earnings results on Thursday, April 28th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The business had revenue of $787.10 million for the quarter, compared to the consensus estimate of $763.65 million. During the same period in the prior year, the business posted $0.15 earnings per share. Regal Entertainment Group’s revenue was up 13.9% on a year-over-year basis. Analysts expect that Regal Entertainment Group will post $1.00 earnings per share for the current fiscal year.

In other Regal Entertainment Group news, COO Gregory W. Dunn sold 25,000 shares of Regal Entertainment Group stock in a transaction 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 sale, the chief operating officer now directly owns 104,916 shares of the company’s stock, valued at approximately $2,127,696.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Peter B. Brandow sold 49,024 shares of Regal Entertainment Group stock in a transaction 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 sale, the executive vice president now directly owns 219,028 shares of the company’s stock, valued at $4,711,292.28. The disclosure for this sale can be found here.

Other large investors have recently modified their holdings of the company. GSA Capital Partners LLP raised its stake in shares of Regal Entertainment Group by 29.1% in the fourth quarter. GSA Capital Partners LLP now owns 95,414 shares of the company’s stock worth $1,800,000 after buying an additional 21,491 shares during the period. Pear Tree Advisors Inc. purchased a new stake in shares of Regal Entertainment Group during the fourth quarter worth $2,017,000. First Trust Advisors LP raised its stake in shares of Regal Entertainment Group by 29.1% in the fourth quarter. First Trust Advisors LP now owns 108,113 shares of the company’s stock worth $2,040,000 after buying an additional 24,378 shares during the period. Suntrust Banks Inc. raised its stake in shares of Regal Entertainment Group by 4.9% in the fourth quarter. Suntrust Banks Inc. now owns 141,218 shares of the company’s stock worth $2,664,000 after buying an additional 6,660 shares during the period. Finally, California State Teachers Retirement System raised its stake in shares of 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 during the period.

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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