Regis Corporation (RGS) Stake Cut by Alliancebernstein L.P.
Alliancebernstein L.P. decreased its stake in Regis Corporation (NYSE:RGS) by 4.8% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,044 shares of the company’s stock after selling 2,900 shares during the period. Alliancebernstein L.P. owned 0.13% of Regis Corporation worth $680,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Regis Corporation by 8.2% in the fourth quarter. State Street Corp now owns 910,281 shares of the company’s stock valued at $13,222,000 after buying an additional 68,703 shares during the last quarter. Norges Bank purchased a new stake in Regis Corporation during the fourth quarter valued at about $9,723,000. Bank of New York Mellon Corp boosted its stake in Regis Corporation by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 404,282 shares of the company’s stock valued at $4,738,000 after buying an additional 14,967 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Regis Corporation by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 185,742 shares of the company’s stock valued at $2,178,000 after buying an additional 6,885 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Regis Corporation by 77.9% in the fourth quarter. Teachers Advisors LLC now owns 104,143 shares of the company’s stock valued at $1,512,000 after buying an additional 45,604 shares during the last quarter. Hedge funds and other institutional investors own 95.42% of the company’s stock.
Shares of Regis Corporation (RGS) opened at 10.48 on Friday. The company’s 50-day moving average is $10.30 and its 200 day moving average is $11.21. Regis Corporation has a 52-week low of $9.02 and a 52-week high of $15.61. The firm’s market capitalization is $485.85 million.
Regis Corporation (NYSE:RGS) last released its earnings results on Thursday, May 4th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.20. The firm had revenue of $412.60 million during the quarter. Regis Corporation had a negative net margin of 0.69% and a negative return on equity of 0.01%. Equities analysts expect that Regis Corporation will post $0.13 earnings per share for the current fiscal year.
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Several equities research analysts recently issued reports on RGS shares. BidaskClub upgraded shares of Regis Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. ValuEngine cut shares of Regis Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, TheStreet cut shares of Regis Corporation from a “c-” rating to a “d” rating in a research report on Friday, May 5th.
In other news, CEO Hugh E. Sawyer III bought 10,500 shares of Regis Corporation stock in a transaction on Monday, May 8th. The shares were bought at an average cost of $9.81 per share, for a total transaction of $103,005.00. Following the acquisition, the chief executive officer now owns 100,186 shares in the company, valued at $982,824.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael J. Merriman bought 10,000 shares of Regis Corporation stock in a transaction on Monday, May 8th. The stock was purchased at an average price of $9.24 per share, for a total transaction of $92,400.00. Following the completion of the acquisition, the director now owns 46,253 shares in the company, valued at approximately $427,377.72. The disclosure for this purchase can be found here. 24.00% of the stock is currently owned by corporate insiders.
About Regis Corporation
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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