Credit Agricole S A Acquires New Stake in Regal Entertainment Group (RGC)

Credit Agricole S A bought a new stake in shares of Regal Entertainment Group (NYSE:RGC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,014 shares of the company’s stock, valued at approximately $165,000.

Several other hedge funds also recently made changes to their positions in RGC. Waratah Capital Advisors Ltd. acquired a new position in Regal Entertainment Group during the fourth quarter worth $648,000. Thompson Siegel & Walmsley LLC acquired a new position in Regal Entertainment Group during the fourth quarter worth $1,545,000. Brown Advisory Inc. raised its position in Regal Entertainment Group by 2.7% in the fourth quarter. Brown Advisory Inc. now owns 26,200 shares of the company’s stock worth $540,000 after buying an additional 700 shares during the last quarter. Asset Management One Co. Ltd. acquired a new position in Regal Entertainment Group during the fourth quarter worth $1,660,000. Finally, Trexquant Investment LP acquired a new position in Regal Entertainment Group during the fourth quarter worth $293,000. Institutional investors and hedge funds own 65.33% of the company’s stock.

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

Regal Entertainment Group (NYSE:RGC) opened at 22.22 on Friday. The firm has a 50-day moving average of $21.92 and a 200 day moving average of $22.04. Regal Entertainment Group has a 12-month low of $19.35 and a 12-month high of $24.79. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 20.39 and a beta of 0.92.

Regal Entertainment Group (NYSE:RGC) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.07. The business earned $812.60 million during the quarter, compared to the consensus estimate of $804.85 million. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The business’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.35 EPS. On average, equities analysts predict that Regal Entertainment Group will post $1.21 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd were issued a $0.22 dividend. The ex-dividend date was Wednesday, March 1st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.96%. Regal Entertainment Group’s dividend payout ratio is presently 81.48%.

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A number of research firms recently weighed in on RGC. Wunderlich restated a “buy” rating and set a $31.00 price target on shares of Regal Entertainment Group in a research report on Monday, March 20th. B. Riley restated a “buy” rating and set a $27.50 price target on shares of Regal Entertainment Group in a research report on Wednesday, February 15th. Loop Capital restated a “hold” rating and set a $22.00 price target on shares of Regal Entertainment Group in a research report on Tuesday, February 7th. Wedbush restated a “buy” rating and set a $25.00 price target on shares of Regal Entertainment Group in a research report on Monday, February 6th. Finally, Credit Suisse Group AG lowered shares of Regal Entertainment Group from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Tuesday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Regal Entertainment Group presently has an average rating of “Hold” and an average target price of $25.50.

In other news, EVP Peter B. Brandow sold 20,233 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.50, for a total value of $455,242.50. Following the completion of the transaction, the executive vice president now owns 212,715 shares in the company, valued at approximately $4,786,087.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gregory W. Dunn sold 26,050 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $22.15, for a total transaction of $577,007.50. Following the completion of the transaction, the insider now owns 67,052 shares of the company’s stock, valued at approximately $1,485,201.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Regal Entertainment Group

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

5 Day Chart for NYSE:RGC

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