Stock Worth Watching: What’s Propelling Regal Entertainment Group to Increase So Much?

Stock Worth Watching: What's Propelling Regal Entertainment Group to Increase So Much?

The stock of Regal Entertainment Group (NYSE:RGC) is a huge mover today! About 1.01M shares traded hands. Regal Entertainment Group (NYSE:RGC) has risen 13.22% since April 14, 2016 and is uptrending. It has outperformed by 8.53% the S&P500.
The move comes after 8 months positive chart setup for the $3.79 billion company. It was reported on Nov, 16 by Barchart.com. We have $32.16 PT which if reached, will make NYSE:RGC worth $1.33B more.

Regal Entertainment Group (NYSE:RGC) Ratings Coverage

Out of 12 analysts covering Regal Entertainment Group (NYSE:RGC), 4 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 33% are positive. Regal Entertainment Group has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, August 21 by FBR Capital. Topeka Capital Markets maintained the stock with “Hold” rating in Friday, January 29 report. The rating was downgraded by Morgan Stanley on Thursday, October 15 to “Underweight”. The company was maintained on Thursday, January 28 by M Partners. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, June 15. FBR Capital maintained the shares of RGC in a report on Wednesday, August 26 with “Hold” rating. As per Wednesday, October 21, the company rating was maintained by M Partners. The rating was downgraded by RBC Capital Markets on Tuesday, January 26 to “Sector Perform”. The stock of Regal Entertainment Group (NYSE:RGC) earned “Hold” rating by Topeka Capital Markets on Friday, April 29. The company was maintained on Monday, July 27 by Topeka Capital Markets.

According to Zacks Investment Research, “Regal Entertainment Group is a leading motion picture exhibitor operating the largest theatre circuit in the United States. The Company’s nationwide theatre circuit is comprised of Regal Cinemas Corporation, United Artists Theatre Company and Edwards Theatres, Inc.”

Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.27, from 1.04 in 2016Q1. The ratio is positive, as 28 funds sold all Regal Entertainment Group shares owned while 70 reduced positions. 34 funds bought stakes while 94 increased positions. They now own 98.53 million shares or 10.48% more from 89.19 million shares in 2016Q1.
Advsrs Asset last reported 795,530 shares in the company. Hamlin Mngmt Llc owns 3.38M shares or 3.61% of their US portfolio. The New York-based Renaissance Techs Ltd Limited Liability Company has invested 0.03% in Regal Entertainment Group (NYSE:RGC). Raymond James Fincl Services last reported 0.17% of its portfolio in the stock. Wellington Shields Management Ltd last reported 20,000 shares in the company. Bluemountain Cap Mngmt Ltd Liability last reported 5,653 shares in the company. Credit Suisse Ag has invested 0% of its portfolio in Regal Entertainment Group (NYSE:RGC). Atlantic Trust Gru Lc accumulated 0.02% or 111,104 shares. Robeco Institutional Asset Management Bv holds 108,515 shares or 0.02% of its portfolio. One National Association holds 0.06% or 33,146 shares in its portfolio. West Oak Llc last reported 1,417 shares in the company. Rhumbline Advisers holds 91,066 shares or 0.01% of its portfolio. Tci Wealth Advsr has 0% invested in the company for 366 shares. Swiss National Bank & Trust reported 146,900 shares or 0.01% of all its holdings. Glob X Communication Ltd Liability accumulated 0.34% or 302,797 shares.

Insider Transactions: Since June 15, 2016, the stock had 0 buys, and 3 insider sales for $281.98 million net activity. Another trade for 13.00 million shares valued at $280.80 million was made by ANSCHUTZ PHILIP F on Monday, August 8. On Wednesday, June 15 DUNN GREGORY W sold $507,000 worth of the stock or 25,000 shares.

More news for Regal Entertainment Group (NYSE:RGC) were recently published by: Prnewswire.com, which released: “See Air Force One on Election Night at Regal Cinemas” on November 04, 2016. Prnewswire.com‘s article titled: “Valerian Trailer To Debut Exclusively at Regal” and published on November 07, 2016 is yet another important article.

RGC Company Profile

Regal Entertainment Group (Regal), incorporated on March 6, 2002, operates a theatre circuit in the United States. The Firm operates in the segment of theatre exhibition operations. The Firm develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company’s theatre circuit consists of approximately 7,360 screens in over 570 theatres in approximately 40 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has approximately 12.9 screens per location. The Firm is the parent firm of Regal Entertainment Holdings, Inc. (REH), which is the parent firm of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries. Regal Cinemas’ subsidiaries include Regal Cinemas, Inc. (RCI) and its subsidiaries, which include Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Artists Theatre Company (United Artists).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment