Brookstone Capital Management Has $358,000 Stake in Regal Entertainment Group (RGC)

Brookstone Capital Management decreased its position in Regal Entertainment Group (NYSE:RGC) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,551 shares of the company’s stock after selling 4,984 shares during the period. Brookstone Capital Management’s holdings in Regal Entertainment Group were worth $358,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Hamlin Capital Management LLC boosted its holdings in shares of Regal Entertainment Group by 1.4% in the third quarter. Hamlin Capital Management LLC now owns 4,335,507 shares of the company’s stock valued at $69,368,000 after acquiring an additional 60,489 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in shares of Regal Entertainment Group by 15.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 206,425 shares of the company’s stock valued at $3,303,000 after acquiring an additional 28,175 shares in the last quarter. Edge Advisors LLC boosted its holdings in shares of Regal Entertainment Group by 15.3% in the third quarter. Edge Advisors LLC now owns 174,421 shares of the company’s stock valued at $2,789,000 after acquiring an additional 23,174 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Regal Entertainment Group by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 940,463 shares of the company’s stock worth $15,048,000 after buying an additional 27,357 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Regal Entertainment Group by 1,034.2% during the third quarter. JPMorgan Chase & Co. now owns 721,979 shares of the company’s stock worth $11,833,000 after buying an additional 658,323 shares in the last quarter. 82.04% of the stock is currently owned by institutional investors and hedge funds.

Regal Entertainment Group (RGC) opened at $23.11 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of -2.84. The stock has a market cap of $3,630.19, a PE ratio of 26.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. Regal Entertainment Group has a 52-week low of $13.90 and a 52-week high of $23.17.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 26th. Shareholders of record on Saturday, February 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date is Thursday, February 15th. Regal Entertainment Group’s payout ratio is currently 101.15%.

A number of research firms recently commented on RGC. Piper Jaffray Companies set a $23.00 price objective on shares of Regal Entertainment Group and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Barrington Research downgraded shares of Regal Entertainment Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 5th. B. Riley downgraded shares of Regal Entertainment Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $24.75 to $23.00 in a report on Tuesday, January 2nd. 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. Finally, Macquarie downgraded shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating and set a $23.00 price objective on the stock. in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.23.

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Regal Entertainment Group 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.

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

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