Ameriprise Financial Inc. increased its position in Regis Corporation (NYSE:RGS) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,742 shares of the company’s stock after buying an additional 6,885 shares during the period. Ameriprise Financial Inc. owned approximately 0.40% of Regis Corporation worth $2,178,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. A.R.T. Advisors LLC acquired a new stake in shares of Regis Corporation during the fourth quarter valued at $201,000. Wedge Capital Management L L P NC boosted its stake in shares of Regis Corporation by 11.9% in the first quarter. Wedge Capital Management L L P NC now owns 14,252 shares of the company’s stock valued at $167,000 after buying an additional 1,514 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Regis Corporation by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $168,000 after buying an additional 200 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Regis Corporation by 6.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,000 shares of the company’s stock valued at $276,000 after buying an additional 1,120 shares during the last quarter. Finally, Quotient Investors LLC acquired a new stake in shares of Regis Corporation during the first quarter valued at $297,000. Institutional investors and hedge funds own 96.41% of the company’s stock.
Shares of Regis Corporation (NYSE:RGS) opened at 10.01 on Friday. Regis Corporation has a 52-week low of $9.02 and a 52-week high of $15.61. The company’s 50-day moving average is $10.26 and its 200-day moving average is $11.50. The stock’s market cap is $464.06 million.
Regis Corporation (NYSE:RGS) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.18) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.20. The company had revenue of $412.60 million for the quarter. Regis Corporation had a negative return on equity of 0.01% and a negative net margin of 0.69%. Equities analysts anticipate that Regis Corporation will post $0.13 EPS for the current year.
RGS has been the subject of several research reports. ValuEngine cut shares of Regis Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. TheStreet cut shares of Regis Corporation from a “c-” rating to a “d” rating in a research report on Friday, May 5th.
In other Regis Corporation news, Director Michael J. Merriman purchased 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were purchased at an average price of $9.24 per share, for a total transaction of $92,400.00. Following the completion of the acquisition, the director now owns 46,253 shares of the company’s stock, valued at approximately $427,377.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Hugh E. Sawyer III purchased 10,500 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was acquired at an average price of $9.81 per share, for a total transaction of $103,005.00. Following the acquisition, the chief executive officer now directly owns 100,186 shares of the company’s stock, valued at approximately $982,824.66. The disclosure for this purchase can be found here. Corporate insiders own 24.00% of the company’s stock.
Regis Corporation Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through three segments: North American Value, North American Premium and International. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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