Regal Entertainment Group (NYSE:RGC) Upgrade
Regal Entertainment Group (NYSE:RGC)’s Neutral rating is no longer valid. Investment analysts at B. Riley boosted RGC’s rating to Buy.
In spite of this rating upgrade NYSE:RGC is right now trading -0.78% lower at $17.81 as of 13:21 New York time. Regal Entertainment Group’s stock is down -13.7% over the past 200 days. It has underperformed the S&P500 Index, which has declined -6.24% over the same time period.
According to data compiled by Thomson Reuters, Regal Entertainment Group (NYSE:RGC)’s stock is covered by 19 equity analysts across the Street, with 0 analysts giving it a Sell rating, 10 a Buy rating, while 11 consider it a Hold. The 12-month consensus target price for the stock is $22.93, which reflects an upside potential of 28.75% over the current price.
Institutional Ownership
Raiff Partners Inc had the biggest stake with ownership of 301,000 shares as of Q2 2015 for 6.87% of the long stock exposure. Ranger International Management Lp is another notably bullish fund who is owning 827,944 shares of Regal Entertainment Group or 4.39% of their long stock exposure. Moreover, Hamlin Capital Management Llc have 2.86% of their long stock exposure invested in the company for 2.71M shares. The New York-based fund Beech Hill Advisors Inc. revealed it had bought a stake worth about 2.4% of the fund’s stock portfolio in Regal Entertainment Group. The Connecticut-based fund Zweig Advisers Llc is also positive about the stock, possessing 223,200 shares or 2.11% of their long stock exposure.
Insider Activity
Over the last six months, Regal Entertainment Group NYSE:RGC has seen 1 buy, and 1 insider sale. The net result was for 2 transactions, worth $404,616.
Regal Entertainment Group (NYSE:RGC) Profile
Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company’s theatre circuit consists of around 7,367 screens in 574 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location.
Regal Entertainment Group (NYSE:RGC) traded down -0.78% on 28 September, hitting $17.81. A total of 385,080 shares of the company’s stock traded hands. This is down from average of 1.14 million shares. Regal Entertainment Group has a 52 week low of $17.56 and a 52 week high of $24.52. The company has a market cap of $2.80B and a P/E ratio of 19.09.
