Regal Entertainment Group (NYSE:RGC) was upgraded by investment analysts at Moffett Nathanson from a “sell” rating to a “neutral” rating in a report issued on Wednesday.

RGC has been the topic of several other research reports. Zacks Investment Research raised Regal Entertainment Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. B. Riley set a $24.00 price objective on Regal Entertainment Group and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Benchmark boosted their price objective on Regal Entertainment Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Loop Capital cut their price objective on Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. Finally, MKM Partners reaffirmed a “buy” rating and set a $20.00 price target on shares of Regal Entertainment Group in a research report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.73.

Regal Entertainment Group (NYSE:RGC) traded up $1.95 during mid-day trading on Wednesday, reaching $22.68. The company’s stock had a trading volume of 74,166,500 shares, compared to its average volume of 3,201,692. The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. Regal Entertainment Group has a twelve month low of $13.90 and a twelve month high of $23.56. The stock has a market capitalization of $3,254.92, a PE ratio of 23.56, a P/E/G ratio of 2.18 and a beta of 1.14.

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Regal Entertainment Group by 8.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after buying an additional 373 shares during the last quarter. MML Investors Services LLC lifted its holdings in Regal Entertainment Group by 3.4% during the 2nd quarter. MML Investors Services LLC now owns 11,529 shares of the company’s stock worth $236,000 after purchasing an additional 381 shares in the last quarter. Commerce Bank lifted its holdings in Regal Entertainment Group by 4.7% during the 2nd quarter. Commerce Bank now owns 13,265 shares of the company’s stock worth $271,000 after purchasing an additional 600 shares in the last quarter. National Asset Management Inc. lifted its holdings in Regal Entertainment Group by 9.4% during the 2nd quarter. National Asset Management Inc. now owns 9,939 shares of the company’s stock worth $204,000 after purchasing an additional 852 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in Regal Entertainment Group by 4.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 24,666 shares of the company’s stock worth $505,000 after purchasing an additional 983 shares in the last quarter. 85.33% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Regal Entertainment Group (NYSE:RGC)

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