Lee Financial Co Sells 31,705 Shares of Regal Entertainment Group (RGC)

Lee Financial Co decreased its position in Regal Entertainment Group (NYSE:RGC) by 55.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,118 shares of the company’s stock after selling 31,705 shares during the quarter. Lee Financial Co’s holdings in Regal Entertainment Group were worth $578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RGC. BlackRock Inc. raised its stake in shares of Regal Entertainment Group by 20.7% in the 2nd quarter. BlackRock Inc. now owns 4,659,346 shares of the company’s stock valued at $95,330,000 after purchasing an additional 797,847 shares during the period. Northern Trust Corp raised its stake in shares of Regal Entertainment Group by 15.6% in the 2nd quarter. Northern Trust Corp now owns 937,994 shares of the company’s stock valued at $19,191,000 after purchasing an additional 126,247 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Regal Entertainment Group by 20.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,483,986 shares of the company’s stock valued at $50,822,000 after purchasing an additional 413,981 shares during the period. State Street Corp raised its stake in shares of Regal Entertainment Group by 17.7% in the 2nd quarter. State Street Corp now owns 1,520,534 shares of the company’s stock valued at $31,109,000 after purchasing an additional 228,660 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Regal Entertainment Group by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after purchasing an additional 373 shares during the period. 82.04% of the stock is currently owned by hedge funds and other institutional investors.

RGC has been the topic of several recent research reports. Zacks Investment Research raised Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Wedbush set a $23.00 target price on Regal Entertainment Group and gave the company a “hold” rating in a research report on Monday, January 8th. Benchmark lifted their target price on Regal Entertainment Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Hilliard Lyons downgraded Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a research report on Wednesday, December 6th. Finally, Loop Capital lowered their target price on Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.23.

Regal Entertainment Group (NYSE RGC) opened at $22.93 on Friday. The firm has a market capitalization of $3,628.62, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of -2.84. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $23.17.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Saturday, February 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend is Thursday, February 15th. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 101.15%.

ILLEGAL ACTIVITY NOTICE: “Lee Financial Co Sells 31,705 Shares of Regal Entertainment Group (RGC)” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://ledgergazette.com/2018/02/16/lee-financial-co-sells-31705-shares-of-regal-entertainment-group-rgc.html.

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.

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

Receive News & Ratings for Regal Entertainment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Regal Entertainment Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply