Top RSI Trades for Today: Regal Entertainment Group (NYSE: RGC)

Marco Green
October 13, 2017

This repurchase authorization allows the company to buy up to 2.2% of its shares through open market purchases. Regal Entertainment Group (RGC) now has a 14 day Williams %R of -85.54. Cantab Capital Prtn Llp owns 0% invested in Regal Entertainment Group (NYSE:RGC) for 115,312 shares.

A number of other brokerages also recently issued reports on RGC. Regal Entertainment Group now has an average rating of "Hold" and an average price target of $23.38. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.18 by ($0.02).

Other institutional investors and hedge funds also recently modified their holdings of the company. Following the transaction, the chief financial officer now directly owns 229,573 shares of the company's stock, valued at approximately $3,223,204.92.

Altrinsic Global Advisors Llc increased Xl Group Ltd stake by 429,492 shares to 2.16 million valued at $94.60M in 2017Q2. Asset Management One Co. Round Table Ser Lc holds 0.08% in Regal Entertainment Group (NYSE:RGC) or 11,295 shares. Ltd. now owns 149,421 shares of the company's stock valued at $3,380,000 after buying an additional 68,842 shares during the last quarter. Farmers National Bank now owns 8,100 shares of the company's stock worth $176,000 after purchasing an additional 500 shares in the last quarter.

Investors are usually on the lookout for the next great stock pick.

In related news, CFO David Ownby purchased 7,500 shares of the company's stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $14.76.

The company is trading down by 0.06% percent from yesterday's close. Also, Director Thomas D. Bell, Jr. acquired 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 29th. The stock was purchased at an average price of $14.76 per share, with a total value of $369,000.00. Market watchers will be closely following company shares into the second half of the year. The disclosure for this purchase can be found here. Its last month's stock price volatility remained 5.3% which for the week approaches 5.94%.

Most of the investors recently have been curious over the performance of Regal Entertainment Group (NYSE:RGC) stock. It's now trading about -35.46% below its 52-week high. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $24.79. Clearbridge Invs Limited Co accumulated 0.04% or 2.03 million shares. The Weekly and Monthly Volatility stands at 4.72% and 4.13%. Topeka Capital Markets maintained Regal Entertainment Group (NYSE:RGC) rating on Friday, April 29. The firm had revenue of $764.20 million during the quarter, compared to the consensus estimate of $764.15 million. The business's revenue was down 2.8% compared to the same quarter a year ago. Revenue during the quarter was $3.68 billion, representing 7% growth from $3.43 billion in year-ago quarter. Out of 5 Wall Street analysts rating HCP, 1 give it "Buy", 0 "Sell" rating, while 4 recommend "Hold". The ex-dividend date was set for Thursday the 31st of August 2017. A rating of 4 or 5 would represent a Sell recommendation. Washington Bank has 0% invested in Regal Entertainment Group (NYSE:RGC) for 740 shares.

Regal Entertainment Group declared that its Board of Directors has initiated a stock buyback plan on Thursday, August 31st that authorizes the company to repurchase $50.00 million in outstanding shares.

Public Joint-Stock Company Mobile TeleSystems (MBT) stock price tumbled -2.73% to finalize at $10.52 throughout previous buying and selling session. Macquarie Research upgraded the shares of RGC in report on Tuesday, September 8 to "Outperform" rating. Zacks Investment Research upgraded shares of Regal Entertainment Group from a "sell" rating to a "hold" rating in a report on Tuesday.

Analysts expect Regal Entertainment Group (NYSE:RGC) to report $0.13 EPS on October, 26.They anticipate $0.16 EPS change or 55.17% from last quarter's $0.29 EPS. The New York-based First Manhattan has invested 0% in Regal Entertainment Group (NYSE:RGC). This is based on a scale where a 5 would indicate a Strong Buy, a 4 would equal a Moderate Buy, 3 a hold, 2 a moderate sell, and a rating of 1 would indicate a Strong Sell. If the published price targets set by Waste Management, Inc. analysts have any power to influence the stock's share price, the highest price target set for WM is $85.

Regal Entertainment Group is an operator of theatre circuits in the United States.

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