American National Insurance Co. TX continued to hold its position in shares of Regal Entertainment Group (NYSE:RGC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new position in shares of Regal Entertainment Group during the first quarter valued at about $497,000. Dynamic Advisors Solutions LLC boosted its position in shares of Regal Entertainment Group by 4.3% in the first quarter. Dynamic Advisors Solutions LLC now owns 176,065 shares of the company’s stock valued at $3,976,000 after buying an additional 7,240 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Regal Entertainment Group by 4.5% in the first quarter. GW&K Investment Management LLC now owns 1,638,208 shares of the company’s stock valued at $36,991,000 after buying an additional 69,856 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Regal Entertainment Group during the first quarter valued at about $7,900,000. Finally, CHURCHILL MANAGEMENT Corp boosted its position in shares of Regal Entertainment Group by 4.1% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 946,113 shares of the company’s stock valued at $21,363,000 after buying an additional 37,242 shares during the last quarter. 76.55% of the stock is currently owned by institutional investors.
Regal Entertainment Group (NYSE:RGC) opened at 18.91 on Friday. The stock has a market cap of $2.97 billion, a PE ratio of 17.54 and a beta of 0.92. The stock’s 50 day moving average price is $19.99 and its 200-day moving average price is $21.29. Regal Entertainment Group has a 12 month low of $18.60 and a 12 month high of $24.79.
Regal Entertainment Group (NYSE:RGC) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $764.20 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the business earned $0.23 earnings per share. Analysts anticipate that Regal Entertainment Group will post $1.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.65%. Regal Entertainment Group’s dividend payout ratio (DPR) is currently 82.24%.
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RGC has been the topic of several research analyst reports. Royal Bank Of Canada boosted their price objective on Regal Entertainment Group from $23.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 27th. FBR & Co boosted their price objective on Regal Entertainment Group from $23.00 to $25.00 and gave the stock a “mkt perform” rating in a research report on Thursday, April 27th. MKM Partners reissued a “neutral” rating and issued a $24.00 price objective (up previously from $23.00) on shares of Regal Entertainment Group in a research report on Wednesday, April 26th. Wedbush reissued a “buy” rating and issued a $26.00 price objective on shares of Regal Entertainment Group in a research report on Friday, April 21st. Finally, Zacks Investment Research cut Regal Entertainment Group from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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