American National Insurance Co. TX maintained its stake in Regal Entertainment Group (NYSE:RGC) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 178,150 shares of the company’s stock at the end of the second quarter. American National Insurance Co. TX owned about 0.11% of Regal Entertainment Group worth $3,645,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Barings LLC boosted its stake in Regal Entertainment Group by 60.0% in the first quarter. Barings LLC now owns 110,858 shares of the company’s stock worth $2,503,000 after buying an additional 41,558 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its stake in Regal Entertainment Group by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 176,065 shares of the company’s stock worth $3,976,000 after buying an additional 7,240 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Regal Entertainment Group during the first quarter worth approximately $1,856,000. Norges Bank bought a new stake in shares of Regal Entertainment Group during the fourth quarter valued at about $24,513,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of Regal Entertainment Group by 85.4% in the first quarter. Asset Management One Co. Ltd. now owns 149,421 shares of the company’s stock valued at $3,380,000 after buying an additional 68,842 shares in the last quarter. Hedge funds and other institutional investors own 76.24% of the company’s stock.
Shares of Regal Entertainment Group (NYSE RGC) traded up 0.05% during mid-day trading on Friday, reaching $19.26. 1,941,312 shares of the company’s stock were exchanged. The company’s 50 day moving average is $20.06 and its 200 day moving average is $21.34. Regal Entertainment Group has a 1-year low of $18.64 and a 1-year high of $24.79. The stock has a market capitalization of $3.02 billion, a PE ratio of 17.87 and a beta of 0.93.
Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $764.20 million for the quarter, compared to analyst estimates of $764.15 million. Regal Entertainment Group had a negative return on equity of 20.38% and a net margin of 5.24%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities research analysts anticipate that Regal Entertainment Group will post $1.08 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date is Thursday, August 31st. Regal Entertainment Group’s dividend payout ratio is presently 82.24%.
Several brokerages recently issued reports on RGC. Royal Bank Of Canada restated a “hold” rating on shares of Regal Entertainment Group in a report on Thursday, April 27th. Hilliard Lyons upgraded shares of Regal Entertainment Group to a “buy” rating in a report on Thursday, May 18th. They noted that the move was a valuation call. B. Riley restated a “buy” rating and issued a $28.75 target price on shares of Regal Entertainment Group in a report on Wednesday, April 19th. MKM Partners restated a “neutral” rating and issued a $24.00 target price (up previously from $23.00) on shares of Regal Entertainment Group in a report on Wednesday, April 26th. Finally, Zacks Investment Research cut shares of Regal Entertainment Group from a “hold” rating to a “sell” rating in a report on Thursday, June 29th. Five investment analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $24.57.
Regal Entertainment Group Company Profile
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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