Tdam USA Inc. reduced its position in Regal Entertainment Group (NYSE:RGC) by 16.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,165 shares of the company’s stock after selling 3,510 shares during the period. Tdam USA Inc.’s holdings in Regal Entertainment Group were worth $370,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Camelot Portfolios LLC boosted its position in shares of Regal Entertainment Group by 0.3% in the first quarter. Camelot Portfolios LLC now owns 20,736 shares of the company’s stock worth $468,000 after buying an additional 67 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of Regal Entertainment Group by 2.1% in the first quarter. Parallel Advisors LLC now owns 7,045 shares of the company’s stock worth $153,000 after buying an additional 145 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of Regal Entertainment Group by 1.7% in the first quarter. CIBC World Markets Inc. now owns 16,713 shares of the company’s stock worth $377,000 after buying an additional 275 shares in the last quarter. Commerce Bank boosted its position in shares of Regal Entertainment Group by 2.4% in the first quarter. Commerce Bank now owns 12,665 shares of the company’s stock worth $286,000 after buying an additional 300 shares in the last quarter. Finally, Farmers National Bank boosted its position in shares of Regal Entertainment Group by 6.6% in the first quarter. Farmers National Bank now owns 8,100 shares of the company’s stock worth $176,000 after buying an additional 500 shares in the last quarter. 77.16% of the stock is currently owned by hedge funds and other institutional investors.

Regal Entertainment Group (RGC) opened at 18.01 on Thursday. The stock has a market cap of $2.83 billion, a PE ratio of 16.71 and a beta of 0.92. The firm’s 50-day moving average price is $19.55 and its 200 day moving average price is $21.15. Regal Entertainment Group has a 1-year low of $17.99 and a 1-year high of $24.79.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.02. Regal Entertainment Group had a negative return on equity of 20.38% and a net margin of 5.24%. The business had revenue of $764.20 million during the quarter, compared to the consensus estimate of $764.15 million. During the same quarter last year, the company earned $0.23 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts expect that Regal Entertainment Group will post $1.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.88 annualized dividend and a dividend yield of 4.89%. Regal Entertainment Group’s dividend payout ratio (DPR) is currently 82.24%.

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A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reissued a “hold” rating on shares of Regal Entertainment Group in a research note on Thursday, April 27th. B. Riley reissued a “buy” rating and issued a $28.75 price target on shares of Regal Entertainment Group in a research note on Monday, April 24th. Zacks Investment Research raised Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Thursday, April 20th. Finally, Benchmark Co. reissued an “outperform” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research note on Friday, April 14th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.57.

Regal Entertainment Group Company Profile

Regal Entertainment Group is an operator of theatre circuits in the United States. As of March 31, 2017, the Company operated 7,262 screens in 559 theatres in 43 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

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Institutional Ownership by Quarter for Regal Entertainment Group (NYSE:RGC)

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