Regis Co. (RGS) Director Acquires $92,400.00 in Stock
Regis Co. (NYSE:RGS) Director Michael J. Merriman acquired 10,000 shares of the business’s stock in a transaction on Monday, May 8th. The shares were purchased at an average price of $9.24 per share, for a total transaction of $92,400.00. Following the purchase, the director now directly owns 46,253 shares of the company’s stock, valued at $427,377.72. The transaction was disclosed in a filing with the SEC, which is available through this link.
Shares of Regis Co. (NYSE:RGS) traded down 0.63% during mid-day trading on Wednesday, reaching $9.41. The company’s stock had a trading volume of 153,282 shares. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $12.90. Regis Co. has a 12 month low of $9.02 and a 12 month high of $15.61. The stock’s market capitalization is $436.25 million.
Regis (NYSE:RGS) last announced its quarterly earnings results on Thursday, May 4th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by $0.20. The business had revenue of $412.60 million for the quarter. Regis had a return on equity of 1.00% and a net margin of 0.26%. On average, equities research analysts anticipate that Regis Co. will post $0.13 earnings per share for the current fiscal year.
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Separately, TheStreet cut Regis from a “c-” rating to a “d” rating in a research note on Friday, May 5th.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of Regis during the fourth quarter worth approximately $1,093,000. Guggenheim Capital LLC boosted its position in shares of Regis by 273.2% in the fourth quarter. Guggenheim Capital LLC now owns 244,390 shares of the company’s stock worth $3,548,000 after buying an additional 178,905 shares in the last quarter. Allianz Asset Management AG boosted its position in shares of Regis by 9.3% in the fourth quarter. Allianz Asset Management AG now owns 42,824 shares of the company’s stock worth $622,000 after buying an additional 3,644 shares in the last quarter. State Street Corp boosted its position in shares of Regis by 8.2% in the fourth quarter. State Street Corp now owns 910,281 shares of the company’s stock worth $13,222,000 after buying an additional 68,703 shares in the last quarter. Finally, BlackRock Fund Advisors boosted its position in shares of Regis by 5.0% in the third quarter. BlackRock Fund Advisors now owns 2,541,081 shares of the company’s stock worth $31,891,000 after buying an additional 122,142 shares in the last quarter. Hedge funds and other institutional investors own 95.06% of the company’s stock.
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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