Regal Entertainment Group (RGC) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC cut its position in shares of Regal Entertainment Group (NYSE:RGC) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,402 shares of the company’s stock after selling 48,355 shares during the period. Guggenheim Capital LLC owned about 0.06% of Regal Entertainment Group worth $1,883,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in RGC. Swiss National Bank increased its position in shares of Regal Entertainment Group by 9.1% in the third quarter. Swiss National Bank now owns 160,200 shares of the company’s stock worth $3,484,000 after buying an additional 13,300 shares during the period. Suntrust Banks Inc. increased its position in shares of Regal Entertainment Group by 12.7% in the third quarter. Suntrust Banks Inc. now owns 178,808 shares of the company’s stock worth $3,888,000 after buying an additional 20,213 shares during the period. GW&K Investment Management LLC increased its position in shares of Regal Entertainment Group by 6.4% in the third quarter. GW&K Investment Management LLC now owns 1,478,415 shares of the company’s stock worth $32,156,000 after buying an additional 88,983 shares during the period. Epoch Investment Partners Inc. increased its position in shares of Regal Entertainment Group by 1.9% in the third quarter. Epoch Investment Partners Inc. now owns 6,930,509 shares of the company’s stock worth $150,738,000 after buying an additional 127,290 shares during the period. Finally, Three Peaks Capital Management LLC increased its position in shares of Regal Entertainment Group by 5.6% in the third quarter. Three Peaks Capital Management LLC now owns 275,176 shares of the company’s stock worth $5,985,000 after buying an additional 14,533 shares during the period. Hedge funds and other institutional investors own 65.33% of the company’s stock.

Institutional Ownership by Quarter for Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group (NYSE:RGC) traded up 1.18% on Thursday, hitting $22.25. 613,194 shares of the company traded hands. The stock’s 50-day moving average is $22.12 and its 200 day moving average is $22.12. Regal Entertainment Group has a 12 month low of $19.35 and a 12 month high of $24.79. The stock has a market cap of $3.47 billion, a PE ratio of 20.41 and a beta of 0.92.

Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Thursday, February 9th. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.26 by $0.07. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. The company earned $812.60 million during the quarter, compared to analysts’ expectations of $804.85 million. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts expect that Regal Entertainment Group will post $1.24 earnings per share for the current fiscal year.

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A number of brokerages have recently weighed in on RGC. Zacks Investment Research raised shares of Regal Entertainment Group from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday. B. Riley reissued a “buy” rating and set a $28.75 price objective on shares of Regal Entertainment Group in a report on Wednesday. FBR & Co reissued a “hold” rating and set a $23.00 price objective on shares of Regal Entertainment Group in a report on Monday, April 3rd. Benchmark Co. reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Regal Entertainment Group in a report on Friday, April 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $26.00 price target (up from $25.00) on shares of Regal Entertainment Group in a report on Friday, April 7th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.20.

In other news, insider Gregory W. Dunn sold 26,050 shares of the stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $22.15, for a total value of $577,007.50. Following the completion of the sale, the insider now directly owns 67,052 shares of the company’s stock, valued at $1,485,201.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter B. Brandow sold 20,233 shares of the stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $22.50, for a total transaction of $455,242.50. Following the completion of the sale, the executive vice president now directly owns 212,715 shares of the company’s stock, valued at $4,786,087.50. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Regal Entertainment Group

Regal Entertainment Group is an operator of theatre circuits in the United States. As of December 31, 2016, the Company operated 7,267 screens in 561 theatres in 42 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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