Regis Co. (RGS) Holdings Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of Regis Co. (NYSE:RGS) by 4.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,065,983 shares of the company’s stock after selling 44,497 shares during the period. JPMorgan Chase & Co. owned 2.31% of Regis worth $16,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Regis by 170.6% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,192 shares of the company’s stock valued at $109,000 after buying an additional 4,534 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Regis by 0.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 516,524 shares of the company’s stock valued at $7,816,000 after buying an additional 4,635 shares during the last quarter. Northern Trust Corp raised its position in shares of Regis by 0.6% during the first quarter. Northern Trust Corp now owns 867,977 shares of the company’s stock valued at $13,132,000 after buying an additional 5,581 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Regis by 3.1% during the fourth quarter. California Public Employees Retirement System now owns 224,710 shares of the company’s stock valued at $3,452,000 after buying an additional 6,838 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Regis by 20.4% during the fourth quarter. Alliancebernstein L.P. now owns 60,604 shares of the company’s stock valued at $931,000 after buying an additional 10,260 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.

RGS has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Regis from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. TheStreet cut shares of Regis from a “b-” rating to a “c+” rating in a research report on Monday, May 7th. Finally, ValuEngine upgraded shares of Regis from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.00.

Regis opened at $17.74 on Monday, MarketBeat Ratings reports. The company has a market cap of $818.29 million, a PE ratio of 295.67 and a beta of 1.38. The company has a current ratio of 1.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Regis Co. has a 1 year low of $9.40 and a 1 year high of $17.81.

Regis (NYSE:RGS) last announced its quarterly earnings data on Tuesday, May 1st. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.31. Regis had a net margin of 0.39% and a return on equity of 5.24%. The company had revenue of $300.80 million for the quarter, compared to the consensus estimate of $309.50 million. During the same period in the prior year, the firm posted $0.07 EPS.

Regis Profile

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.

Institutional Ownership by Quarter for Regis (NYSE:RGS)

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