Regal Entertainment Group (RGC) Hits New 52-Week Low at $18.22

Author

13 August, 2017

It has ranged in price between $18-$18.27 after having started the session at $18.13 as compared to the previous trading day's close of $18.26.

Regal Entertainment Group (RGC) has the market capitalization of $2.7 Billion. The stock declined 2.67% or $0.48 reaching $17.53 on the news. These types of traders like to get in well ahead of a large spike, so it's always a smart move to monitor unusual volume.

At the present time, shares of Regal Entertainment Group (RGC) are worth at $18.01. It has underperformed by 18.05% the S&P500. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. As of quarter end Alliancebernstein L.P. had bought 1,048,051 shares growing its holdings by 11.6%. Allianz Asset Management Ag owns 100,672 shares or 0% of their USA portfolio. The stock increased 2.68% or $0.03 on August 9, reaching $1.15. About 35,484 shares traded.

It is down 10.69% since August 10, 2016 and is downtrending. It has underperformed by 10.85% the S&P500.The move comes after 8 months negative chart setup for the $134.71M company.

Hamlin Capital Management Llc, which manages about $2.70B and $2.24 billion US Long portfolio, decreased its stake in Glaxosmithkline Plc (NYSE:GSK) by 12,428 shares to 1.47 million shares, valued at $56.68M in 2016Q4, according to the filing.

Investors sentiment increased to 1.84 in 2016 Q4. Its up 0.77, from 1.07 in 2016Q3. 61 funds opened positions while 99 raised stakes. Volume on the day was 3.01 million shares. The count of Hold ratings in that period was 0. Stockholders of record on Tuesday, September 5th will be given a $0.22 dividend. Finally, Asset Management One Co. California Pub Employees Retirement Sys has invested 0.03% in Nordson Corporation (NASDAQ:NDSN). About 1.01M shares traded. (NASDAQ:TMUS) shares closed down -2.08% to finish at $62.47. Ranger Intl Mgmt Ltd Partnership reported 43,966 shares. Brown Advisory Inc accumulated 26,200 shares. The company has market cap of $40.94 million. 100,809 are owned by Rhumbline Advisers. Neuberger Berman Grp Lc owns 5.39 million shares. Jpmorgan Chase & holds 0% or 74,065 shares. Brown Advisory Inc owns 26,200 shares for 0% of their portfolio. Barclays Plc owns 81,481 shares.

These firms have also modified their investment in RGC.

Regal Entertainment Group (NYSE:RGC) tumbled -12.57% year-to-date.

Since March 9, 2017, it had 0 insider buys, and 2 insider sales for $1.03 million activity.

Epoch Investment Partners, Inc. reports that it decreased its stake in Regal Entertainment Group Class stock by 154,813 shares as of the end of the last quarter. Therefore 75% are positive. On average, analysts predict that Regal Entertainment Group will post $1.05 earnings per share for the current year. Piper Jaffray maintained the stock with "Hold" rating in Thursday, July 27 report. Zacks Investment Research upgraded Regal Entertainment Group from a "hold" rating to a "buy" rating and set a $25.00 target price on the stock in a research report on Thursday, April 20th. The stock has a consensus rating of "Hold" and a consensus price target of $24.57. The stock has "Hold" rating by Topeka Capital Markets on Friday, January 29. The rating was downgraded by Morgan Stanley to "Underweight" on Thursday, October 15. As per Thursday, June 22, the company rating was maintained by RBC Capital Markets. The firm has "Buy" rating by B. Riley & Co given on Monday, September 28.

04/11/2017 - Regal Entertainment Group had its "buy" rating reiterated by analysts at Benchmark. Inc. had 49 analyst reports since August 13, 2015 according to SRatingsIntel.

Sometimes, we can understand most about a stock by simply looking at how it has been trading. The stock of T2 Biosystems Inc (NASDAQ:TTOO) earned "Hold" rating by BTIG Research on Sunday, August 16. SunTrust maintained the stock with "Buy" rating in Wednesday, August 24 report. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 21.14% with $130.69 Million sitting short, betting on future declines.


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