Kellner Capital LLC Invests $2.61 Million in Regal Entertainment Group (RGC) Stock

Kellner Capital LLC bought a new position in shares of Regal Entertainment Group (NYSE:RGC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 113,400 shares of the company’s stock, valued at approximately $2,609,000. Regal Entertainment Group comprises 2.1% of Kellner Capital LLC’s portfolio, making the stock its 17th largest position. Kellner Capital LLC owned 0.07% of Regal Entertainment Group at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RGC. Alpine Associates Management Inc. bought a new position in shares of Regal Entertainment Group during the 4th quarter worth about $43,516,000. Victory Capital Management Inc. bought a new position in shares of Regal Entertainment Group during the 3rd quarter worth about $22,557,000. Neuberger Berman Group LLC increased its holdings in shares of Regal Entertainment Group by 20.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 5,966,512 shares of the company’s stock worth $95,464,000 after purchasing an additional 1,032,378 shares during the period. Gabelli Funds LLC bought a new position in shares of Regal Entertainment Group during the 4th quarter worth about $20,869,000. Finally, Chicago Capital Management LLC bought a new position in shares of Regal Entertainment Group during the 4th quarter worth about $19,779,000. Institutional investors own 76.23% of the company’s stock.

Several research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of Regal Entertainment Group from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $19.00 to $20.00 in a report on Thursday, October 26th. They noted that the move was a valuation call. Loop Capital downgraded shares of Regal Entertainment Group from a “buy” rating to a “hold” rating and set a $24.00 price objective on the stock. in a report on Wednesday, December 6th. Zacks Investment Research downgraded shares of Regal Entertainment Group from a “hold” rating to a “sell” rating in a report on Thursday, January 25th. Moffett Nathanson upgraded shares of Regal Entertainment Group from a “sell” rating to a “neutral” rating in a report on Wednesday, December 6th. Finally, Macquarie downgraded shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.23.

Shares of Regal Entertainment Group (NYSE:RGC) opened at $22.97 on Friday. The firm has a market cap of $3,605.06, a PE ratio of 26.09, a P/E/G ratio of 2.22 and a beta of 1.05. Regal Entertainment Group has a 52 week low of $13.90 and a 52 week high of $23.17. The company has a debt-to-equity ratio of -2.84, a current ratio of 0.84 and a quick ratio of 0.78.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Investors of record on Saturday, February 17th will be paid a $0.22 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.88 dividend on an annualized basis and a yield of 3.83%. Regal Entertainment Group’s payout ratio is currently 101.15%.

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About Regal Entertainment Group

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.

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

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