Published: Wed, December 06, 2017
Entertaiment | By Kelly Sanders

Stock Chalking up Significant Action in Session: Regal Entertainment Group (NYSE:RGC)

Stock Chalking up Significant Action in Session: Regal Entertainment Group (NYSE:RGC)

Traders acquired 2,767 put options on the company. That compares with the recent volume average of 5 million.

A number of analysts have recently issued reports on the company. Regal Entertainment Group's revenue for the quarter was up 4.3% compared to the same quarter a year ago.

The Anschutz Corporation, the US-based media and entertainment group, which has 67 per cent of the voting power in Regal, has also agreed to the deal. Finally, Morgan Stanley boosted their target price on Regal Entertainment Group from $17.00 to $18.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 26th. Credit Suisse Group AG downgraded Regal Entertainment Group from a "neutral" rating to an "underperform" rating and set a $20.00 target price on the a report on Tuesday, January 31st. Analysts predict that Regal Entertainment Group will post $1.25 EPS for the current fiscal year. Epoch Investment Partners Inc. now owns 7,261,026 shares of the company's stock worth $148,561,000 after buying an additional 103,100 shares during the period. Paradigm Capital Management Inc. NY increased its holdings in Regal Entertainment Group by 15.8% in the third quarter.

Company shares have been seen trading -3.74% off of the 52 week high and 63.17% away from the 52 week low. Edge Advisors LLC grew its stake in Regal Entertainment Group by 15.3% in the third quarter. Following the sale, the executive vice president now owns 212,715 shares of the company's stock, valued at approximately $4,786,087.50.

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The approach by Cineworld was considered well-timed as shares in the US company have plunged more than 20 percent over the past year on concerns over stagnant admissions at theatres.

Regal now has profit margins of 20 percent, something which Greidinger hopes to raise to Cineworld's 22 percent. The company has a debt-to-equity ratio of -2.84, a quick ratio of 0.78 and a current ratio of 0.84. Regal Entertainment Group has a 12-month low of $19.35 and a 12-month high of $24.79. The company's P/E (price to earnings) ratio is 24.7 and Forward P/E ratio of 19.19.

Regal Entertainment Group (NYSE:RGC) last posted its earnings results on Tuesday, October 24th. The Return on Equity (ROE) value stands at -16.4%. Revenue, on the other hand, scored -27.69% growth from the previous quarter, coming up with $626.15 million. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.04. Stockholders of record on Monday, December 4th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.29%. Regal Entertainment Group's dividend payout ratio (DPR) is presently 101.15%. The portion of a company's profit allocated to each outstanding share of common stock was $2.29 a share in the trailing twelve months. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

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