Regal Entertainment Group (RGC) Raised to Hold at Zacks Investment Research

Regal Entertainment Group (NYSE:RGC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Regal Entertainment Group is a leading motion picture exhibitor operating the largest theatre circuit in the United States. The Company’s nationwide theatre circuit is comprised of Regal Cinemas Corporation, United Artists Theatre Company and Edwards Theatres, Inc. “

A number of other research analysts have also issued reports on RGC. Benchmark increased their price target on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. B. Riley reissued a “buy” rating and issued a $24.75 price target on shares of Regal Entertainment Group in a report on Wednesday, November 29th. Piper Jaffray Companies set a $23.00 price target on shares of Regal Entertainment Group and gave the company a “hold” rating in a report on Wednesday, January 3rd. MKM Partners downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a report on Wednesday, January 17th. Finally, Wedbush set a $19.00 price target on shares of Regal Entertainment Group and gave the company a “buy” rating in a report on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.23.

Regal Entertainment Group (NYSE:RGC) opened at $23.10 on Friday. Regal Entertainment Group has a 12 month low of $13.90 and a 12 month high of $23.56. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of -2.84. The stock has a market cap of $3,627.05, a price-to-earnings ratio of 26.55, a P/E/G ratio of 2.24 and a beta of 1.05.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew 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 worth $100,000 after buying an additional 373 shares during the period. Societe Generale acquired a new stake in shares of Regal Entertainment Group during the 2nd quarter worth approximately $103,000. Ffcm LLC acquired a new stake in shares of Regal Entertainment Group during the 4th quarter worth approximately $110,000. IFP Advisors Inc grew its position in shares of Regal Entertainment Group by 164.3% during the 2nd quarter. IFP Advisors Inc now owns 5,419 shares of the company’s stock worth $111,000 after buying an additional 3,369 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of Regal Entertainment Group by 169.5% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,519 shares of the company’s stock worth $113,000 after buying an additional 3,471 shares during the period. Hedge funds and other institutional investors own 84.30% of the company’s stock.

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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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