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Regal Entertainment Group (RGC) Lowered to Neutral at Hilliard Lyons

08 December 2017

The firm owned 68,654,904 shares of the company's stock after buying an additional 779,520 shares during the period. The Barrow Hanley Mewhinney & Strauss Llc holds 2.79 million shares with $67.10 million value, down from 3.09M last quarter.

Intuit Inc. provides financial management and compliance services and products for small businesses, consumers, self-employed, and accounting professionals in the United States and internationally. Alliancebernstein L.P. now owns 10,092,993 shares of the company's stock valued at $206,503,000 after purchasing an additional 1,048,051 shares in the last quarter. About 212,971 shares traded. Select Income REIT (NYSE:SIR) has risen 1.22% since December 6, 2016 and is uptrending. It has underperformed by 18.05% the S&P500. Therefore 27% are positive. Regal Entertainment Group has a 52-week low of $13.90 and a 52-week high of $23.56.

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The Stochastic (9,6) value for RGC is 58.712, signaling that the stock is now Buy.

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 outstanding shares. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since December 6, 2016 and is downtrending. Credit Suisse has "Neutral" rating and $20 target. RBC Capital Markets downgraded the shares of RGC in report on Wednesday, December 6 to "Sector Perform" rating. The stock has "Mkt Perform" rating by FBR Capital on Thursday, April 27. The stock of Regal Entertainment Group (NYSE:RGC) has "Buy" rating given on Tuesday, November 28 by RBC Capital Markets. The firm owned $9.3 million shares of the company's stock after selling 3.91 million shares during the period. The firm has "Hold" rating given on Monday, October 30 by Benchmark. After $0.07 actual EPS reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts 485.71% EPS growth. However, if the XPO shares go below $74.58 then it would indicate a much weaker market for the company. The firm develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets. It has a 20.97 P/E ratio. It operates a theatre circuit under the brands of Regal Cinemas, United Artists, Edwards, Great Escape Theatres, and Hollywood Theaters. After the latest session, which saw the stock close at a price of $22.68, RGC sits below its 52-week high. About 589,431 shares traded. Finally, looking back over the past year-to-date, Regal Entertainment Group (NYSE:RGC)'s Price Change % is 9.61%. A sudden increase in a stock's activity can be a sign that investors are trading in anticipation of a catalyst, or that investors feel very strongly in one way or the other about the future direction of a stock. Its up 0.22, from 1.35 in 2017Q1. 47 funds opened positions while 93 raised stakes. VANGUARD GROUP INC owned 21.65% of Regal Entertainment Group (RGC) worth $179.35 million at the end of the most recent reporting period. Aperio Grp Ltd Liability Co, a California-based fund reported 54,685 shares. Bb&T Limited Liability invested 0.01% in Regal Entertainment Group (NYSE:RGC). Amalgamated National Bank stated it has 0.01% of its portfolio in Regal Entertainment Group (NYSE:RGC). Regal Entertainment Group (RGC) average trading volume of 11,420,098 during the past month is 229.83% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. California Employees Retirement invested in 55,400 shares.

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Juniper Networks, Inc. (JNPR) held 405.65 million outstanding shares now. Tiaa Cref Management Limited Liability Corporation holds 0.01% or 443,835 shares in its portfolio. Boothbay Fund Lc invested in 17,600 shares or 0.07% of the stock. 31,975 were accumulated by Gateway Invest Advisers Limited Liability. State Of New Jersey Common Pension Fund D holds 0.03% or 330,000 shares in its portfolio. Scge Management L.P. owns 156,000 shares or 5.26% of their USA portfolio.

Insider ownership increased by a total of 0 shares, which suggests that RGC's key executives are feeling more optimistic about the outlook for the stock. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.03. RGC's profit will be $64.10 million for 13.81 P/E if the $0.41 EPS becomes a reality. This repurchase authorization permits the company to reacquire up to 2.2% of its shares through open market purchases. It also upped Wells Fargo & Co (NYSE:WFC) stake by 225,433 shares and now owns 34.57M shares. Finally, Loop Capital reduced their price target on shares of Regal Entertainment Group from $25.00 to $24.00 and set a "buy" rating for the company in a report on Monday, October 23rd. Therefore 50% are positive. Oil States had 62 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Macquarie Research given on Tuesday, September 8. Market capitalization is important because company size is a basic indicator of multiple characteristics in which investors are interested in, including risk. M Partners maintained the shares of RGC in report on Wednesday, October 21 with "Neutral" rating. The stock's average target of $119 is -23.49% below today's ($155.54) share price. On Monday, June 12 the stock rating was downgraded by Moffett Nathanson to "Sell". The company was upgraded on Wednesday, December 7 by JP Morgan. The rating was maintained by Robert W. Baird on Thursday, June 8 with "Buy".

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