Regal Entertainment Group (RGC) Hits New 1-Year Low at $14.25
Shares of Regal Entertainment Group (NYSE:RGC) hit a new 52-week low on Wednesday . The company traded as low as $14.25 and last traded at $14.20, with a volume of 4,132,748 shares. The stock had previously closed at $14.83.
A number of brokerages have weighed in on RGC. BidaskClub cut shares of Regal Entertainment Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 10th. B. Riley reissued a “buy” rating and set a $26.00 target price on shares of Regal Entertainment Group in a report on Tuesday, August 1st. Piper Jaffray Companies set a $19.00 target price on shares of Regal Entertainment Group and gave the stock a “hold” rating in a report on Thursday, July 27th. Wedbush reissued a “buy” rating on shares of Regal Entertainment Group in a report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $22.00 target price on shares of Regal Entertainment Group in a report on Thursday, July 27th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.57.
The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 13.13 and a beta of 0.92. The firm has a 50 day moving average price of $18.61 and a 200-day moving average price of $20.77.
Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by $0.02. The business had revenue of $764.20 million during the quarter, compared to analyst estimates of $764.15 million. Regal Entertainment Group had a net margin of 5.24% and a negative return on equity of 20.42%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.23 earnings per share. Equities analysts expect that Regal Entertainment Group will post $1.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 5.93%. The ex-dividend date of this dividend is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 82.24%.
A number of hedge funds have recently added to or reduced their stakes in RGC. Farmers National Bank raised its stake in Regal Entertainment Group by 901.2% in the second quarter. Farmers National Bank now owns 81,096 shares of the company’s stock valued at $135,000 after buying an additional 72,996 shares during the period. Public Employees Retirement System of Ohio raised its stake in Regal Entertainment Group by 79.6% in the second quarter. Public Employees Retirement System of Ohio now owns 58,353 shares of the company’s stock valued at $1,194,000 after buying an additional 25,861 shares during the period. 1st Global Advisors Inc. acquired a new stake in Regal Entertainment Group during the second quarter valued at $229,000. National Asset Management Inc. raised its stake in Regal Entertainment Group by 9.4% in the second quarter. National Asset Management Inc. now owns 9,939 shares of the company’s stock valued at $204,000 after buying an additional 852 shares during the period. Finally, Polaris Capital Management LLC raised its stake in Regal Entertainment Group by 2.4% in the second quarter. Polaris Capital Management LLC now owns 1,441,601 shares of the company’s stock valued at $29,495,000 after buying an additional 33,500 shares during the period. 77.19% of the stock is currently owned by institutional investors and hedge funds.
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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.