Cineworld approaches United States chain Regal over possible merger

Cineworld approaches United States chain Regal over possible merger

Cineworld approaches United States chain Regal over possible merger

Moreover, Tiaa Cref Invest Ltd Liability Company has 0.01% invested in Regal Entertainment Group (NYSE:RGC) for 443,835 shares. The firm owned 386,246 shares of the company's stock after buying an additional 12,660 shares during the quarter. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since November 28, 2016 and is downtrending. It improved, as 33 investors sold RGC shares while 66 reduced holdings. The Shareholder Yield (Mebane Faber) of Regal Entertainment Group NYSE:RGC is 0.00187. This repurchase authorization authorizes the company to buy up to 2.2% of its stock through open market purchases. Alliancebernstein L.P. increased its stake in Regal Entertainment Group by 11.6% during the 2nd quarter. Investors seem to be very interested in what happens to the stocks of these two companies but do investors favor one over the other? Finally, Neuberger Berman Group LLC increased its stake in Regal Entertainment Group by 20.9% during the 3rd quarter.

When we look at the Analyst Recommendations of the stock, the company has 2.56 rating given by Analysts where 1 stands for Strong Buy and 5 stands for Strong Sell.

Next 5Y EPS Growth: 10.00% versus 18.00%.

Should You Go With High Insider Ownership? Several research firms have recently issued reports on RGC. Investors may use Price to Book to display how the market portrays the value of a stock.

Analyst's mean target price for company is $19.44 while analysts mean suggestion is 2.3. They noted that the move was a valuation call.

In other Regal Entertainment Group news, EVP Peter B. Brandow sold 20,233 shares of the business's stock in a transaction on Thursday, March 9th. The target implies a -0.97% decrease from where the shares are now trading.

In the most updated research from a number of analysts on Wall Street, the company gets 9 Buys and 1 Sell among 14 analysts. Regal Entertainment Group presently has an average rating of "Hold" and an average price target of $20.90.

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Regal Entertainment Group, a leading motion picture exhibitor owning based in Knoxville, confirmed that it is now in talks with Cineworld Group about a possible all-cash acquisition of Regal at a price of $23.00 per share.

The company's ATR (Average True Range) is 0.72. Moreover, Payden & Rygel has 1.12% invested in Regal Entertainment Group (NYSE:RGC).

For the ongoing Fiscal Quarter, 14 analysts have an average earnings forecast of $0.41 per share. Revenue during the quarter was $716 million, representing -12% growth from $811.5 million in year-ago quarter.

Regal Entertainment, which owns 561 theatres with 7,315 screens, hired an investment bank in 2014 to explore strategic alternatives, including a potential sale, but later shelved those plans. Investors of record on Monday, June 5th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, June 1st. The company has managed to keep price to sales ratio of 3.28 against an industry average of 6.06. Regal Entertainment Group (NYSE:RGC) has a current Value Composite Score of 30. Shares buyback programs are often an indication that the company's board believes its shares are undervalued. Lee Financial Co lifted its holdings in Regal Entertainment Group by 1.0% during the 2nd quarter. If you are viewing this article on another website, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright legislation.

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

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