Regal Entertainment Group (NYSE:RGC) shares traded down 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.

Several research analysts have weighed in on the stock. B. Riley reiterated a “neutral” rating and issued a $23.00 price target on shares of Regal Entertainment Group in a research report on Saturday, July 30th. Morgan Stanley reiterated a “sell” rating and issued a $19.00 price target on shares of Regal Entertainment Group in a report on Thursday, July 28th. JPMorgan Chase & Co. lifted their price objective on shares of Regal Entertainment Group from $21.00 to $23.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 27th. Benchmark Co. lifted their price objective on shares of Regal Entertainment Group from $24.34 to $25.54 and gave the stock a “buy” rating in a research note on Wednesday, July 27th. Finally, Hilliard Lyons cut shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Regal Entertainment Group has a consensus rating of “Hold” and a consensus price target of $22.56.

The company’s 50 day moving average is $22.17 and its 200-day moving average is $20.57. The firm has a market capitalization of $3.38 billion and a price-to-earnings ratio of 22.55.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $785.90 million for the quarter, compared to analysts’ expectations of $801.49 million. The company’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Equities research analysts expect that Regal Entertainment Group will post $0.97 earnings per share for the current year.

In related news, COO Gregory W. Dunn sold 25,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $20.28, for a total value of $507,000.00. Following the completion of the sale, the chief operating officer now owns 104,916 shares of the company’s stock, valued at $2,127,696.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter B. Brandow sold 49,024 shares of the company’s stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $21.51, for a total transaction of $1,054,506.24. Following the completion of the sale, the executive vice president now directly owns 219,028 shares of the company’s stock, valued at approximately $4,711,292.28. The disclosure for this sale can be found here.

Other large investors have recently made changes to their positions in the company. 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 in the last quarter. California Public Employees Retirement System raised its position in shares of Regal Entertainment Group by 3.0% in the fourth quarter. California Public Employees Retirement System now owns 288,400 shares of the company’s stock valued at $5,442,000 after buying an additional 8,500 shares during the period. New York State Common Retirement Fund raised its position in shares of Regal Entertainment Group by 14.7% in the fourth quarter. New York State Common Retirement Fund now owns 424,850 shares of the company’s stock valued at $8,017,000 after buying an additional 54,350 shares during the period. Bank of Montreal Can raised its position in shares of Regal Entertainment Group by 32,118.8% in the fourth quarter. Bank of Montreal Can now owns 693,994 shares of the company’s stock valued at $13,096,000 after buying an additional 691,840 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Regal Entertainment Group by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 596,736 shares of the company’s stock valued at $11,261,000 after buying an additional 3,659 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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