Anchor Capital Advisors LLC decreased its holdings in shares of Regal Entertainment Group (NYSE:RGC) by 43.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 698,388 shares of the company’s stock after selling 536,635 shares during the period. Anchor Capital Advisors LLC’s holdings in Regal Entertainment Group were worth $16,070,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in Regal Entertainment Group by 8.3% during the second quarter. The Manufacturers Life Insurance Company now owns 4,871 shares of the company’s stock valued at $100,000 after buying an additional 373 shares during the period. Tortoise Investment Management LLC bought a new stake in Regal Entertainment Group during the third quarter worth about $117,000. Farmers National Bank lifted its stake in Regal Entertainment Group by 901.2% during the second quarter. Farmers National Bank now owns 81,096 shares of the company’s stock worth $135,000 after purchasing an additional 72,996 shares during the last quarter. IFP Advisors Inc lifted its stake in Regal Entertainment Group by 60.8% during the third quarter. IFP Advisors Inc now owns 8,713 shares of the company’s stock worth $139,000 after purchasing an additional 3,294 shares during the last quarter. Finally, Spectrum Management Group Inc. bought a new stake in Regal Entertainment Group during the third quarter worth about $141,000. 84.30% of the stock is owned by institutional investors.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Regal Entertainment Group from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $24.75 to $23.00 in a research note on Tuesday, January 2nd. Wedbush set a $23.00 price target on Regal Entertainment Group and gave the stock a “hold” rating in a research note on Monday, January 8th. MKM Partners lowered Regal Entertainment Group from a “buy” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, January 17th. Finally, Piper Jaffray Companies set a $23.00 price target on Regal Entertainment Group and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.23.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 26th. Stockholders of record on Saturday, February 17th will be issued a $0.22 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.88 annualized dividend and a dividend yield of 3.81%. Regal Entertainment Group’s dividend payout ratio is currently 101.15%.
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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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