Moody National Bank Trust Division held its stake in Regal Entertainment Group (NYSE:RGC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,525 shares of the company’s stock at the end of the first quarter. Moody National Bank Trust Division’s holdings in Regal Entertainment Group were worth $508,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the stock. Ffcm LLC bought a new stake in Regal Entertainment Group during the fourth quarter valued at $110,000. Parallel Advisors LLC bought a new stake in Regal Entertainment Group during the fourth quarter valued at $142,000. Advisor Group Inc. increased its stake in Regal Entertainment Group by 48.1% in the third quarter. Advisor Group Inc. now owns 7,027 shares of the company’s stock valued at $148,000 after buying an additional 2,283 shares during the period. New York State Teachers Retirement System bought a new stake in Regal Entertainment Group during the fourth quarter valued at $148,000. Finally, Pacer Advisors Inc. increased its stake in Regal Entertainment Group by 9.2% in the third quarter. Pacer Advisors Inc. now owns 6,945 shares of the company’s stock valued at $151,000 after buying an additional 588 shares during the period. Hedge funds and other institutional investors own 65.33% of the company’s stock.

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

Regal Entertainment Group (NYSE:RGC) traded down 0.830% during midday trading on Friday, hitting $22.095. 896,284 shares of the stock traded hands. The company has a market cap of $3.45 billion, a PE ratio of 20.271 and a beta of 0.92. The company’s 50-day moving average is $22.14 and its 200-day moving average is $22.12. Regal Entertainment Group has a one year low of $19.35 and a one year high of $24.79.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The company had revenue of $812.60 million for the quarter, compared to the consensus estimate of $804.85 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts expect that Regal Entertainment Group will post $1.22 EPS for the current fiscal year.

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Several analysts recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $28.75 target price on shares of Regal Entertainment Group in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $26.00 price target on shares of Regal Entertainment Group in a research report on Friday. Zacks Investment Research cut shares of Regal Entertainment Group from a “buy” rating to a “hold” rating in a research report on Friday. Benchmark Co. reissued an “outperform” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a research report on Friday, April 14th. Finally, Credit Suisse Group AG cut shares of Regal Entertainment Group from a “neutral” rating to an “underperform” rating and set a $20.00 price target for the company. in a research report on Tuesday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Regal Entertainment Group currently has a consensus rating of “Hold” and an average price target of $25.20.

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

Regal Entertainment Group Company Profile

Regal Entertainment Group is an operator of theatre circuits in the United States. As of December 31, 2016, the Company operated 7,267 screens in 561 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. The Company manages its business under theatre exhibition operations segment.

5 Day Chart for NYSE:RGC

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