Alliancebernstein L.P. boosted its holdings in Regis Co. (NYSE:RGS) by 20.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,604 shares of the company’s stock after acquiring an additional 10,260 shares during the quarter. Alliancebernstein L.P. owned 0.13% of Regis worth $931,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of RGS. SG Americas Securities LLC acquired a new stake in Regis in the 3rd quarter valued at approximately $127,000. UBS Asset Management Americas Inc. acquired a new stake in Regis in the 4th quarter valued at approximately $176,000. Teacher Retirement System of Texas acquired a new stake in Regis in the 4th quarter valued at approximately $184,000. Alambic Investment Management L.P. increased its position in Regis by 91.9% in the 4th quarter. Alambic Investment Management L.P. now owns 31,282 shares of the company’s stock valued at $480,000 after acquiring an additional 14,982 shares during the period. Finally, Nationwide Fund Advisors increased its position in Regis by 32.8% in the 3rd quarter. Nationwide Fund Advisors now owns 40,069 shares of the company’s stock valued at $572,000 after acquiring an additional 9,906 shares during the period. Hedge funds and other institutional investors own 97.25% of the company’s stock.
In other news, Director David Patrick Williams purchased 5,000 shares of the stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $15.50 per share, for a total transaction of $77,500.00. Following the transaction, the director now owns 96,861 shares in the company, valued at $1,501,345.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.00% of the stock is currently owned by company insiders.
Several analysts recently commented on the company. Zacks Investment Research cut Regis from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. KeyCorp assumed coverage on Regis in a research report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $18.00.
Shares of RGS stock opened at $14.59 on Friday. Regis Co. has a 1 year low of $9.02 and a 1 year high of $17.13. The firm has a market cap of $685.03, a PE ratio of 243.17, a PEG ratio of 4.41 and a beta of 1.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.52 and a current ratio of 2.07.
Regis (NYSE:RGS) last issued its quarterly earnings results on Thursday, February 1st. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. Regis had a positive return on equity of 1.68% and a negative net margin of 0.51%. The company had revenue of $308.52 million for the quarter, compared to analysts’ expectations of $316.30 million. research analysts expect that Regis Co. will post 0.37 earnings per share for the current year.
Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through four segments: North American Value, North American Franchise, North American Premium, and International. Its salons offer haircutting and styling, including shampooing and conditioning; custom styling, cutting, and hair coloring, as well as professional hair care products; and other services.
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