Regal Entertainment Group (NYSE:RGC) was downgraded by equities researchers at B. Riley from a “buy” rating to a “neutral” rating in a report released on Tuesday. They presently have a $23.00 price objective on the stock, down from their previous price objective of $24.75. B. Riley’s price objective would indicate a potential downside of 0.04% from the stock’s current price.
RGC has been the topic of a number of other reports. Zacks Investment Research raised shares of Regal Entertainment Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Benchmark boosted their price target on shares of Regal Entertainment Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Hilliard Lyons downgraded shares of Regal Entertainment Group from a “long-term buy” rating to a “neutral” rating in a report on Wednesday, December 6th. Loop Capital cut their price target on shares of Regal Entertainment Group from $25.00 to $24.00 and set a “buy” rating on the stock in a report on Monday, October 23rd. Finally, Barrington Research downgraded shares of Regal Entertainment Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.69.
Regal Entertainment Group (RGC) opened at $23.01 on Tuesday. The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market cap of $3,612.92, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.45 and a beta of 1.13. Regal Entertainment Group has a fifty-two week low of $13.90 and a fifty-two week high of $23.56.
A number of institutional investors have recently made changes to their positions in RGC. Eagle Asset Management raised its stake in Regal Entertainment Group by 148.8% in the 3rd quarter. Eagle Asset Management now owns 10,296,636 shares of the company’s stock valued at $192,444,000 after acquiring an additional 6,157,301 shares during the period. BlackRock Inc. increased its position in shares of Regal Entertainment Group by 10,841.3% during the first quarter. BlackRock Inc. now owns 3,861,499 shares of the company’s stock valued at $87,192,000 after buying an additional 3,826,206 shares during the period. Brandywine Global Investment Management LLC bought a new stake in shares of Regal Entertainment Group during the second quarter valued at about $48,366,000. Vanguard Group Inc. increased its position in shares of Regal Entertainment Group by 42.2% during the second quarter. Vanguard Group Inc. now owns 7,665,646 shares of the company’s stock valued at $168,951,000 after buying an additional 2,276,318 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Regal Entertainment Group by 24.4% during the first quarter. Alliancebernstein L.P. now owns 9,044,942 shares of the company’s stock valued at $204,235,000 after buying an additional 1,774,446 shares during the period. Institutional investors and hedge funds own 85.31% of the company’s stock.
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.
