Regal Entertainment Group (NYSE:RGC).
Raymond James & Associates says it sold 9,101 shares in the previous quarter decreasing its stake in Regal Entertainment Group (RGC) by 0.3%. Its position stood at $47,710,000 a decrease of 22.0% as of quarter end.
Here are some institutional investors who have increased or decreased their stake in (RGC). Polaris Capital Management, LLC grew its investment by buying 342,400 shares an increase of 23.8% in the quarter. Polaris Capital Management, LLC now controls 1,784,001 shares worth $28,544,000. The total value of its holdings decreased 3.2%. As of quarter end Frontier Investment Mgmt Co had acquired a total of 52,808 shares growing its position 15.1%. The value of the investment in (RGC) decreased from $7,159,000 to $6,444,000 a change of 10.0% quarter to quarter.
Baird Financial Group, Inc. augmented its stake by buying 2,406 shares an increase of 13.6%. Baird Financial Group, Inc. currently owns 20,086 shares valued at $321,000. The value of the position overall is down by 11.3%.
Morgan Stanley raised the price target on October 26 changing the forecast from $17.00 to $18.00 with a “Equal Weight” recommendation.
On October 25 analysts at Wedbush updated its forecast on RGC stating a rating of “Buy” and projecting a price target of $20.00. October 25 investment analysts at B. Riley made no change to the stock rating of “Buy” targeting a price of $24.75.
Equity analyst Loop Capital lowered the price target of the stock on October 23 changing the price objective from $25.00 to $24.00 and issued a “Buy” recommendation. Equity analyst Wedbush updated coverage of RGC and giving a rating of “Buy” and setting a price target of $19.00.
The company is now down from yesterday’s close of 16.28. The P/E ratio is 19.27 and market cap is 2.51B. In the latest earnings report the EPS was $0.83 with 133.31M shares outstanding.
Investors are feeling more bearish on shares of Regal Entertainment Group of late as evidenced by the increase in short interest. The firm experienced a rise in short interest of 8.99% between September 29, 2017 and October 13, 2017. Short shares grew 2,383,688 over that period. The days to cover increased to 12.0 and the percentage of shorted shares is 0.22% as of October 13.