What’s Regal Entertainment Group Upside After Today’s Bullish Options Activity?

 What's Regal Entertainment Group Upside After Today's Bullish Options Activity?

In today’s session Regal Entertainment Group (RGC) registered an unusually high (328) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious RGC increase. With 328 contracts traded and 554 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: RGC170120C00022500 closed last at: $0.85 or 6.2% up. About 168,573 shares traded hands. Regal Entertainment Group (NYSE:RGC) has risen 6.87% since March 9, 2016 and is uptrending. It has underperformed by 0.54% the S&P500.

Analysts await Regal Entertainment Group (NYSE:RGC) to report earnings on October, 25. They expect $0.20 earnings per share, up 11.11% or $0.02 from last year’s $0.18 per share. RGC’s profit will be $31.18M for 27.83 P/E if the $0.20 EPS becomes a reality. After $0.23 actual earnings per share reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

Regal Entertainment Group (NYSE:RGC) Ratings Coverage

Out of 12 analysts covering Regal Entertainment Group (NYSE:RGC), 3 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 25% are positive. Regal Entertainment Group has been the topic of 26 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Credit Suisse initiated the shares of RGC in a report on Friday, February 5 with “Outperform” rating. The firm has “Buy” rating given on Thursday, January 14 by Drexel Hamilton. The stock of Regal Entertainment Group (NYSE:RGC) has “Neutral” rating given on Tuesday, March 15 by Credit Suisse. FBR Capital maintained the stock with “Hold” rating in Wednesday, August 26 report. The rating was upgraded by Wedbush on Friday, July 31 to “Outperform”. The company was downgraded on Tuesday, January 26 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. RBC Capital Markets downgraded the shares of RGC in a report on Monday, July 18 to “Sector Perform” rating. Topeka Capital Markets maintained it with “Hold” rating and $21 target price in Friday, April 29 report. On Tuesday, September 8 the stock rating was upgraded by Macquarie Research to “Outperform”.

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 Q2 2016. Its up 0.27, from 1.04 in 2016Q1. The ratio increased, 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.
Old Mutual Customised Solutions (Proprietary), a South Africa-based fund reported 5,400 shares. Moreover, Tower Research Limited Liability Co (Trc) has 0% invested in Regal Entertainment Group (NYSE:RGC) for 427 shares. Tcw Grp Inc Inc accumulated 829,193 shares or 0.14% of the stock. Acadian Asset Management Ltd last reported 11,798 shares in the company. Hutchin Hill L P holds 0.05% or 61,900 shares in its portfolio. Cap One Natl Association holds 33,146 shares or 0.06% of its portfolio. Credit Suisse Ag owns 171,831 shares or 0% of their US portfolio. Dynamic Advisors Solutions Ltd holds 99,941 shares or 0.89% of its portfolio. Pioneer Invest Mgmt Incorporated has 0.05% invested in the company for 678,838 shares. Signaturefd Limited reported 359 shares or 0% of all its holdings. Fmr Ltd Llc has invested 0% of its portfolio in Regal Entertainment Group (NYSE:RGC). First Quadrant L P Ca holds 0.23% of its portfolio in Regal Entertainment Group (NYSE:RGC) for 472,868 shares. Epoch Incorporated holds 0.56% of its portfolio in Regal Entertainment Group (NYSE:RGC) for 6.80 million shares. Columbia L L C Inv Mgmt holds 1.05% or 638,584 shares in its portfolio. Balyasny Asset Mngmt Ltd has 9,334 shares for 0% of their US portfolio.

Insider Transactions: Since June 15, 2016, the stock had 0 insider purchases, and 3 sales for $281.98 million net activity. Shares for $507,000 were sold by DUNN GREGORY W on Wednesday, June 15. ANSCHUTZ PHILIP F sold $280.80 million worth of stock.

Regal Entertainment Group operates a theatre circuit in the United States. The company has a market cap of $3.47 billion. The Firm operates in the segment of theatre exhibition operations. It has a 23.08 P/E ratio. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States.

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).

More news for Regal Entertainment Group (NYSE:RGC) were recently published by: Prnewswire.com, which released: “Regal Entertainment Group Welcomes Tom Cruise to Knoxville” on September 13, 2016. Forbes.com‘s article titled: “Regal Cinemas Open Doors For Free Viewing Of Sunday’s Trump-Clinton Debate” and published on October 06, 2016 is yet another important article.

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