Regal Entertainment Group (NYSE:RGC) was downgraded by equities researchers at Barrington Research from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, The Fly reports.

A number of other equities research analysts have also issued reports on RGC. BidaskClub lowered Regal Entertainment Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. MKM Partners upgraded Regal Entertainment Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $20.00 to $22.00 in a research note on Tuesday, September 5th. They noted that the move was a valuation call. Benchmark cut their price target on Regal Entertainment Group from $24.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, September 26th. Credit Suisse Group cut their price target on Regal Entertainment Group from $17.00 to $13.00 and set an “underperform” rating for the company in a research note on Thursday, September 28th. Finally, Morgan Stanley upgraded Regal Entertainment Group from an “underweight” rating to an “equal weight” rating and set a $17.00 price target for the company in a research note on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.73.

Regal Entertainment Group (RGC) traded up $0.23 during trading hours on Tuesday, hitting $20.73. The stock had a trading volume of 5,934,800 shares, compared to its average volume of 2,897,122. 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 stock has a market cap of $3,250.00, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.14. Regal Entertainment Group has a 52-week low of $13.90 and a 52-week high of $23.56.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings data on Tuesday, October 24th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%. Regal Entertainment Group’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 EPS. research analysts anticipate that Regal Entertainment Group will post 0.95 earnings per share for the current year.

Regal Entertainment Group declared that its board has approved a stock repurchase plan on Thursday, August 31st that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Regal Entertainment Group by 8.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after acquiring an additional 373 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Regal Entertainment Group by 164.3% in the 2nd quarter. IFP Advisors Inc now owns 5,419 shares of the company’s stock valued at $111,000 after acquiring an additional 3,369 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Regal Entertainment Group by 169.5% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company’s stock valued at $113,000 after acquiring an additional 3,471 shares during the last quarter. Tortoise Investment Management LLC bought a new position in shares of Regal Entertainment Group in the 3rd quarter valued at about $117,000. Finally, Farmers National Bank lifted its holdings in shares of Regal Entertainment Group by 901.2% in the 2nd quarter. Farmers National Bank now owns 81,096 shares of the company’s stock valued at $135,000 after acquiring an additional 72,996 shares during the last quarter. 85.33% of the stock is owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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