Regal Entertainment Group (NYSE:RGC) dropped 5.7% on Wednesday . The stock traded as low as $21.80 and last traded at $21.96, with a volume of 5,503,137 shares traded. The stock had previously closed at $23.29.

RGC has been the topic of several research analyst reports. Benchmark Co. raised their target price on Regal Entertainment Group from $23.41 to $24.36 and gave the stock a “buy” rating in a research report on Thursday, April 21st. Topeka Capital Markets raised their target price on Regal Entertainment Group from $19.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, April 5th. MKM Partners raised their target price on Regal Entertainment Group from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Sunday, May 1st. FBR & Co reissued a “hold” rating and set a $23.00 target price on shares of Regal Entertainment Group in a research report on Friday, April 29th. Finally, Morgan Stanley reissued a “sell” rating and set a $18.00 target price on shares of Regal Entertainment Group in a research report on Friday, April 29th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.56.

The firm has a market cap of $3.42 billion and a PE ratio of 22.86. The firm’s 50 day moving average price is $22.06 and its 200-day moving average price is $20.55.

Regal Entertainment Group (NYSE:RGC) last released its earnings results on Tuesday, July 26th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by $0.01. The business earned $785.90 million during the quarter, compared to the consensus estimate of $801.49 million. The firm’s revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. Analysts anticipate that Regal Entertainment Group will post $0.97 EPS for the current year.

In other Regal Entertainment Group news, EVP Peter B. Brandow sold 49,024 shares of the stock in a transaction that occurred on Wednesday, June 29th. The stock was sold at an average price of $21.51, for a total transaction of $1,054,506.24. Following the transaction, the executive vice president now owns 219,028 shares of the company’s stock, valued at approximately $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 the stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $20.28, for a total value of $507,000.00. Following the transaction, the chief operating officer now directly owns 104,916 shares in the company, valued at approximately $2,127,696.48. The disclosure for this sale can be found here.

Other hedge funds recently made changes to their positions in the company. GSA Capital Partners LLP boosted 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 last quarter. Pear Tree Advisors Inc. bought a new stake in shares of Regal Entertainment Group during the fourth quarter worth $2,017,000. First Trust Advisors LP boosted 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 last quarter. Suntrust Banks Inc. boosted 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 last quarter. Finally, Atlantic Trust Group LLC boosted its stake in shares of Regal Entertainment Group by 11.9% in the fourth quarter. Atlantic Trust Group LLC now owns 161,778 shares of the company’s stock worth $3,052,000 after buying an additional 17,250 shares during 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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