Regal Entertainment Group (NYSE:RGC) is expected to pay $0.22 on Dec 15, 2016. The indicated annual dividend is $0.88. Shareholders owning the stock before Dec 1, 2016 will be eligible to receive the payout. Based on Regal Entertainment Group’s current price of $23.24, the dividend is 0.95%. This dividend’s record date is Dec 5, 2016 and the announcement date is Oct 28, 2016. The stock closed at $23.24 during the last session. It is down 8.09% since April 27, 2016 and is uptrending. It has outperformed by 2.87% the S&P500.
Regal Entertainment Group operates a theatre circuit in the United States. The company has a market cap of $3.62 billion. The Firm operates in the segment of theatre exhibition operations. It has a 21.24 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.
Insitutional Activity: The institutional sentiment decreased to 1.07 in Q2 2016. Its down 0.24, from 1.31 in 2016Q1. The ratio dived, 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.
Deere Com accumulated 59,879 shares or 0.07% of the stock. Nationwide Fund Advsrs has invested 0.06% of its portfolio in Regal Entertainment Group (NYSE:RGC). Pear Tree Advisors has 106,911 shares for 0.99% of their US portfolio. Mizuho Trust & Bk has 0.02% invested in the company for 288,100 shares. Alliancebernstein Lp has 0.09% invested in the company for 4.78M shares. Moreover, Blackrock Advisors Llc has 0% invested in Regal Entertainment Group (NYSE:RGC) for 42,200 shares. Bluecrest Capital Ltd has 0.02% invested in the company for 19,431 shares. Franklin Res Inc, a California-based fund reported 193,535 shares. Wellington Shields Mngmt Ltd Liability has 0.07% invested in the company for 20,000 shares. Coe Management Ltd Liability accumulated 0% or 90,690 shares. Frontier Invest Co last reported 274,209 shares in the company. Checchi Advisers Ltd Liability owns 1,606 shares or 0% of their US portfolio. West Oak Ltd holds 0% or 1,417 shares in its portfolio. Moreover, Advisors Asset Management has 0.28% invested in Regal Entertainment Group (NYSE:RGC) for 795,530 shares. Camelot Portfolios Ltd Limited Liability Company accumulated 0.29% or 22,869 shares.
Insider Transactions: Since June 15, 2016, the stock had 0 insider buys, and 4 sales for $580.33 million net activity. Shares for $669,139 were sold by DUNN GREGORY W. ANSCHUTZ PHILIP F had sold 13.00M shares worth $298.35M on Wednesday, November 23.
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. $32 is the highest target while $18 is the lowest. The $20.40 average target is -12.22% below today’s ($23.24) stock price. Regal Entertainment Group has been the topic of 27 analyst reports since July 31, 2015 according to StockzIntelligence Inc. B. Riley & Co upgraded Regal Entertainment Group (NYSE:RGC) on Monday, October 31 to “Buy” rating. The company was downgraded on Thursday, October 15 by Morgan Stanley. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. Topeka Capital Markets maintained the stock with “Hold” rating in Friday, January 29 report. B. Riley & Co downgraded the shares of RGC in a report on Wednesday, March 30 to “Neutral” rating. The stock of Regal Entertainment Group (NYSE:RGC) earned “Long-Term Buy” rating by Hilliard Lyons on Wednesday, August 26. The stock of Regal Entertainment Group (NYSE:RGC) has “Neutral” rating given on Monday, June 13 by Credit Suisse. As per Wednesday, August 24, the company rating was initiated by Loop Capital. The company was downgraded on Tuesday, January 26 by RBC Capital Markets. The stock has “Buy” rating given by B. Riley & Co on Monday, September 28.
More important recent Regal Entertainment Group (NYSE:RGC) news were published by: Prnewswire.com which released: “Join the Rebellion Every Day at Regal with the Rogue One: A Star Wars Story …” on November 25, 2016, also Prnewswire.com published article titled: “On Cyber Monday, Get the Sweetest Deal of the Day from Regal Cinemas”, Businesswire.com published: “Regal Entertainment Group Announces Sale of Class A Common Stock By The …” on November 17, 2016. More interesting news about Regal Entertainment Group (NYSE:RGC) was released by: Prnewswire.com and their article: “Get in the Spirit with the Holiday Classics at Regal” with publication date: November 22, 2016.
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).
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