Cramer Rosenthal Mcglynn LLC reduced its stake in shares of Regis Co. (NYSE:RGS) by 10.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,777,217 shares of the company’s stock after selling 317,778 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 5.95% of Regis worth $42,658,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Regis by 1.8% during the 4th quarter. BlackRock Inc. now owns 4,618,760 shares of the company’s stock valued at $70,946,000 after buying an additional 83,859 shares during the period. State Street Corp raised its holdings in shares of Regis by 2.6% during the 2nd quarter. State Street Corp now owns 909,613 shares of the company’s stock valued at $9,340,000 after buying an additional 23,241 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Regis by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 393,019 shares of the company’s stock valued at $6,037,000 after buying an additional 13,277 shares during the period. Oaktree Capital Management LP purchased a new stake in shares of Regis during the 3rd quarter valued at about $4,593,000. Finally, Deutsche Bank AG raised its holdings in shares of Regis by 5.8% during the 4th quarter. Deutsche Bank AG now owns 309,434 shares of the company’s stock valued at $4,750,000 after buying an additional 16,874 shares during the period. Institutional investors and hedge funds own 97.25% of the company’s stock.
Shares of Regis Co. (RGS) opened at $15.92 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 1.52 and a debt-to-equity ratio of 0.23. Regis Co. has a twelve month low of $9.02 and a twelve month high of $17.13. The stock has a market capitalization of $746.20, a P/E ratio of -93.64, a price-to-earnings-growth ratio of 6.17 and a beta of 1.33.
In other Regis news, Director David Patrick Williams acquired 5,000 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were bought at an average cost of $15.50 per share, for a total transaction of $77,500.00. Following the acquisition, the director now directly owns 96,861 shares of the company’s stock, valued at $1,501,345.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 24.00% of the stock is owned by insiders.
Several equities research analysts have issued reports on RGS shares. Zacks Investment Research downgraded Regis from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. KeyCorp started coverage on Regis in a report on Wednesday, December 20th. They set a “sector weight” rating on the stock. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $17.50.
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Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. 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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