Regal Entertainment Group (NYSE:RGC) has received an average rating of “Hold” from the seventeen analysts that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $22.64.
A number of research analysts have recently commented on the stock. Royal Bank of Canada lowered shares of Regal Entertainment Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, December 6th. Loop Capital lowered shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price objective for the company. in a research report on Wednesday, December 6th. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Friday, February 9th. Moffett Nathanson raised shares of Regal Entertainment Group from a “sell” rating to a “neutral” rating in a research report on Wednesday, December 6th. Finally, Macquarie lowered shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 price objective for the company. in a research report on Wednesday, December 6th.
Shares of Regal Entertainment Group (NYSE:RGC) traded up $0.02 on Friday, hitting $22.99. 4,489,900 shares of the stock were exchanged, compared to its average volume of 4,310,940. The firm has a market capitalization of $3,610.00, a price-to-earnings ratio of 27.70, a P/E/G ratio of 2.22 and a beta of 1.05. 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 1-year low of $13.90 and a 1-year high of $23.17.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Saturday, February 17th were paid a $0.22 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.83%. Regal Entertainment Group’s payout ratio is currently 106.02%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake 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. Tortoise Investment Management LLC bought a new stake in Regal Entertainment Group during the third quarter worth about $117,000. Spectrum Management Group Inc. bought a new stake in Regal Entertainment Group during the third quarter worth about $141,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Regal Entertainment Group by 68.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,202 shares of the company’s stock worth $143,000 after buying an additional 2,524 shares during the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Regal Entertainment Group during the fourth quarter worth about $176,000. 76.23% of the stock is currently owned by institutional investors and hedge funds.
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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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