California State Teachers Retirement System trimmed its position in shares of Regal Entertainment Group (NYSE:RGC) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 186,743 shares of the company’s stock after selling 19,288 shares during the period. California State Teachers Retirement System’s holdings in Regal Entertainment Group were worth $2,988,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its holdings in Regal Entertainment Group by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock worth $100,000 after buying an additional 373 shares during the last quarter. Farmers National Bank increased its holdings in shares of 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 purchasing an additional 72,996 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Regal Entertainment Group by 60.8% in the third quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock valued at $139,000 after purchasing an additional 3,294 shares during the last quarter. Spectrum Management Group Inc. acquired a new position in shares of Regal Entertainment Group in the third quarter valued at $141,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Regal Entertainment Group by 18.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,150 shares of the company’s stock valued at $187,000 after purchasing an additional 1,448 shares during the last quarter. Institutional investors and hedge funds own 85.31% of the company’s stock.

Regal Entertainment Group (NYSE RGC) opened at $22.93 on Friday. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.56. The company has a market cap of $3,600.00, a PE ratio of 27.63, a P/E/G ratio of 2.19 and a beta of 1.13.

Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. Regal Entertainment Group had a net margin of 4.41% and a negative return on equity of 16.36%. The business had revenue of $716.00 million for the quarter, compared to the consensus estimate of $701.66 million. During the same period in the prior year, the company posted $0.29 earnings per share. Regal Entertainment Group’s revenue was down 11.8% compared to the same quarter last year. research analysts anticipate that Regal Entertainment Group will post 0.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, December 4th were paid a $0.22 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.88 annualized dividend and a dividend yield of 3.84%. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 106.02%.

Several research firms have commented on RGC. Wedbush set a $23.00 price objective on shares of Regal Entertainment Group and gave the company a “hold” rating in a report on Monday. Piper Jaffray Companies set a $23.00 price objective on shares of Regal Entertainment Group and gave the company a “hold” rating in a report on Wednesday, January 3rd. B. Riley downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $24.75 to $23.00 in a report on Tuesday, January 2nd. Hilliard Lyons downgraded shares of Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Finally, Moffett Nathanson upgraded shares of Regal Entertainment Group from a “sell” rating to a “neutral” rating in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company’s stock. Regal Entertainment Group has an average rating of “Hold” and an average price target of $22.00.

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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.

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

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