Regal Entertainment Group (NYSE:RGC) has been given an average rating of “Hold” by the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $22.64.
A number of analysts recently issued reports on RGC shares. Zacks Investment Research raised Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report 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.
Regal Entertainment Group (NYSE:RGC) remained flat at $$22.93 during trading hours on Wednesday. 2,195,500 shares of the stock traded hands, compared to its average volume of 4,704,970. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78. The firm has a market cap of $3,600.35, a price-to-earnings ratio of 26.06, a P/E/G ratio of 2.22 and a beta of 1.05. Regal Entertainment Group has a one year low of $13.90 and a one year 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 is Thursday, February 15th. Regal Entertainment Group’s dividend payout ratio (DPR) is presently 101.15%.
A number of hedge funds and other institutional investors have recently made changes to their positions in RGC. Sand Grove Capital Management LLP acquired a new position in Regal Entertainment Group during the fourth quarter worth approximately $64,187,000. Alpine Associates Management Inc. acquired a new position in Regal Entertainment Group during the fourth quarter worth approximately $43,516,000. Halcyon Management Partners LP acquired a new position in Regal Entertainment Group during the fourth quarter worth approximately $37,942,000. Victory Capital Management Inc. acquired a new position in Regal Entertainment Group during the third quarter worth approximately $22,557,000. Finally, Neuberger Berman Group LLC increased its position in Regal Entertainment Group by 20.9% during the third quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after buying an additional 1,032,378 shares during the last quarter. 76.23% of the stock is currently owned by hedge funds and other institutional investors.
About Regal Entertainment Group
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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