Halcyon Management Partners LP acquired a new stake in Regal Entertainment Group (NYSE:RGC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,648,976 shares of the company’s stock, valued at approximately $37,942,000. Regal Entertainment Group comprises about 5.5% of Halcyon Management Partners LP’s investment portfolio, making the stock its 9th biggest position. Halcyon Management Partners LP owned about 1.05% of Regal Entertainment Group as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its holdings in 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 worth $100,000 after buying an additional 373 shares during the period. First Trust Advisors LP grew its stake in Regal Entertainment Group by 29.3% in the 3rd quarter. First Trust Advisors LP now owns 414,759 shares of the company’s stock valued at $6,636,000 after acquiring an additional 94,083 shares during the period. Aperio Group LLC grew its stake in Regal Entertainment Group by 7.4% in the 3rd quarter. Aperio Group LLC now owns 58,727 shares of the company’s stock valued at $940,000 after acquiring an additional 4,042 shares during the period. Victory Capital Management Inc. acquired a new stake in Regal Entertainment Group in the 3rd quarter valued at $22,557,000. Finally, Global X MANAGEMENT CO LLC grew its stake in Regal Entertainment Group by 3.4% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 386,246 shares of the company’s stock valued at $6,180,000 after acquiring an additional 12,660 shares during the period. 76.23% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Friday, February 9th. B. Riley cut shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $24.75 to $23.00 in a research note on Tuesday, January 2nd. Wedbush set a $23.00 price target on shares of Regal Entertainment Group and gave the company a “hold” rating in a research note on Monday, January 8th. MKM Partners lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Wednesday, January 17th. Finally, Piper Jaffray Companies set a $23.00 price objective on Regal Entertainment Group and gave the company a “hold” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. Regal Entertainment Group presently has an average rating of “Hold” and a consensus target price of $22.23.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Investors of record on Saturday, February 17th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend was Thursday, February 15th. Regal Entertainment Group’s payout ratio is 106.02%.
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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