The Hype Behind Omnicom Group Inc. (OMC), Regal Entertainment Group (RGC)

Regal Entertainment Group

Regal Entertainment Group

Zacks Investment Research upgraded shares of Regal Entertainment Group (NYSE:RGC) from a sell rating to a hold rating in a report issued on Wednesday, October 25th. On Wednesday, September 21 the stock rating was initiated by Dundee Securities with "Buy". Its weekly and monthly volatility is 1.41%, 1.56% respectively.

Several other equities research analysts have also weighed in on the stock. Finally, National Asset Management Inc. increased its position in Regal Entertainment Group by 7.9% in the second quarter. They noted that the move was a valuation call. The 20-day RSI for RGC is 43.99%, which suggests that the stock is not particularly expensive or cheap, and not predisposed to a reactive price movement based on this measure.

Regal Entertainment Group, (NYSE: RGC) exhibits a change of -2.34% during last trading, with the company's shares hitting the price near $15 on active trading volume of 4631725 compared its three months average trading volume of 3.83M. Regal Entertainment Group has a 1-year low of $13.90 and a 1-year high of $24.79. The stock has a market capitalization of $2,355.48, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.62 and a beta of 1.05. The company has a quick ratio of 0.83, a current ratio of 0.84 and a debt-to-equity ratio of -2.84. Regal Entertainment Group (NYSE:RGC) earnings have risen with a quarterly rate of 3.6% over the last 5 years. Analysts are forecasting earnings of $0.42 on a per share basis this quarter. Revenue during the quarter was $716 million, representing -12% growth from $811.5 million in year-ago quarter. Regal Entertainment Group had a negative return on equity of 20.69% and a net margin of 5.31%. Regal Entertainment Group's revenue was down 11.8% compared to the same quarter a year ago. Barrington Research also issued estimates for Regal Entertainment Group's Q4 2017 earnings at $0.40 EPS, Q1 2018 earnings at $0.30 EPS, Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.28 EPS and FY2018 earnings at $1.05 EPS.

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A number of research firms recently commented on RGC. Investors of record on Monday, December 4th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, December 1st. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since November 9, 2016 and is downtrending.

Regal Entertainment Group announced that its board has authorized a stock buyback program on Thursday, August 31st that permits the company to buyback $50.00 million in shares. Robeco Institutional Asset Management Bv holds 185,476 shares or 0.08% of its portfolio.

In related news, major shareholder Philip F. Anschutz sold 13,000,000 shares of the business's stock in a transaction that occurred on Wednesday, November 23rd. The stock was acquired at an average price of $14.87 per share, with a total value of $148,700.00. Insiders own 2.00% of the company's stock. The expected future growth in earnings per share ("EPS") is an incredibly important factor.in identifying an under-valued stock. The shares were bought at an average price of $14.04 per share, for a total transaction of $105,300.00. Wealth Enhancement Advisory Services Llc sold 39,262 shares as the company's stock declined 2.08% while stock markets rallied. The disclosure for this purchase can be found here.

In other Regal Entertainment Group news, CFO David Ownby purchased 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 24th. It also reduced its holding in Ishares Us Regional Banks Etf (IAT) by 34,405 shares in the quarter, leaving it with 11,491 shares, and cut its stake in Ishares Msci India Etf (INDA). Camelot Portfolios LLC grew its position in shares of Regal Entertainment Group by 1.0% in the 2nd quarter. Ffcm LLC now owns 8,109 shares of the company's stock worth $165,000 after purchasing an additional 4,480 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Regal Entertainment Group by 8.3% during the second quarter. IFP Advisors Inc now owns 5,419 shares of the company's stock worth $111,000 after purchasing an additional 3,369 shares during the period. Finally, Spectrum Management Group Inc. acquired a new position in Regal Entertainment Group in the third quarter worth about $141,000. In the last quarter, insiders have bought 242,500 shares of company stock worth $641,000. IFP Advisors Inc raised its position in Regal Entertainment Group by 164.3% in the second quarter. Moreover, Independent Order Of Foresters has 1.64% invested in the company for 22,956 shares. Commerce Bank now owns 13,265 shares of the company's stock valued at $271,000 after acquiring an additional 600 shares during the period.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. It 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 manages its business under theatre exhibition operations segment.

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