Sentiment Change Report: Regal Entertainment Group (NYSE:RGC)

July 17, 2017 - By Maria Brooks

 Sentiment Change Report: Regal Entertainment Group (NYSE:RGC)

Sentiment for Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group (NYSE:RGC) institutional sentiment increased to 1.84 in 2016 Q4. Its up 0.77, from 1.07 in 2016Q3. The ratio is better, as 160 hedge funds increased or started new equity positions, while 87 sold and reduced positions in Regal Entertainment Group. The hedge funds in our partner’s database now own: 112.34 million shares, up from 101.44 million shares in 2016Q3. Also, the number of hedge funds holding Regal Entertainment Group in their top 10 equity positions decreased from 5 to 1 for a decrease of 4. Sold All: 23 Reduced: 64 Increased: 99 New Position: 61.

Regal Entertainment Group is an operator of theatre circuits in the United States. The company has market cap of $3.00 billion. 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. It has a 17.52 P/E ratio. The Firm manages its business under theatre exhibition activities segment.

About 770,246 shares traded. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since July 17, 2016 and is downtrending. It has underperformed by 18.05% the S&P500.

Analysts await Regal Entertainment Group (NYSE:RGC) to report earnings on July, 25. They expect $0.33 EPS, up 43.48 % or $0.10 from last year’s $0.23 per share. RGC’s profit will be $51.83M for 14.47 P/E if the $0.33 EPS becomes a reality. After $0.32 actual EPS reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts 3.13 % EPS growth.

Ranger International Management Lp holds 2.92% of its portfolio in Regal Entertainment Group for 43,966 shares. Hamlin Capital Management Llc owns 2.99 million shares or 2.76% of their US portfolio. Moreover, Coe Capital Management Llc has 2.47% invested in the company for 93,030 shares. The New York-based New Mountain Vantage Advisers L.L.C. has invested 2.35% in the stock. Polaris Capital Management Llc, a Massachusetts-based fund reported 1.40 million shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 2 sales for $1.03 million activity.

Regal Entertainment Group (NYSE:RGC) Ratings Coverage

Ratings analysis reveals 36% of Regal Entertainment Group’s analysts are positive. Out of 14 Wall Street analysts rating Regal Entertainment Group, 5 give it “Buy”, 3 “Sell” rating, while 6 recommend “Hold”. The lowest target is $1700 while the high is $32. The stock’s average target of $21.08 is 10.37% above today’s ($19.1) share price. RGC was included in 37 notes of analysts from July 31, 2015. Drexel Hamilton initiated Regal Entertainment Group (NYSE:RGC) on Thursday, January 14 with “Buy” rating. On Monday, October 31 the stock rating was upgraded by B. Riley & Co to “Buy”. Macquarie Research upgraded Regal Entertainment Group (NYSE:RGC) on Tuesday, September 8 to “Outperform” rating. M Partners maintained the stock with “Neutral” rating in Thursday, January 28 report. RBC Capital Markets downgraded the shares of RGC in report on Monday, July 18 to “Sector Perform” rating. The company was maintained on Tuesday, March 15 by Credit Suisse. B. Riley & Co upgraded Regal Entertainment Group (NYSE:RGC) on Monday, September 28 to “Buy” rating. The company was maintained on Wednesday, October 21 by M Partners. The firm has “Buy” rating given on Monday, April 24 by Wedbush. The firm earned “Neutral” rating on Monday, June 13 by Credit Suisse.

More news for Regal Entertainment Group (NYSE:RGC) were recently published by: Prnewswire.com, which released: “Regal Welcomes Steven Soderbergh’s LOGAN LUCKY and Channing Tatum to Knoxville” on July 13, 2017. Marketwatch.com‘s article titled: “Regal Entertainment Q2 estimates cut at B. Riley due to weak domestic box office” and published on July 13, 2017 is yet another important article.

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