Cineworld buying Regal movie chain in global expansion

The latest Star Wars installment The Last Jedi is set to boost cinema takings over Christmas
Credit Lucasfilm Ltd

Alliancebernstein L.P. now owns 10,092,993 shares of the company's stock worth $206,503,000 after buying an additional 1,048,051 shares during the period.

On December 4, 2017, Regal announced that it had signed a definitive merger agreement with Cineworld.

Regal's profit dropped to $11 million in the quarter ended September 30, down 73 percent from the comparable quarter a year ago. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company's stock. This is contrary to shares in Regal, which have increased since about 13 percent since talks were first revealed. 5,934,800 shares of the company's stock were exchanged, compared to its average volume of 2,897,122.

Shares of Paychex, Inc. Edge Advisors LLC now owns 174,421 shares of the company's stock valued at $2,789,000 after buying an additional 23,174 shares during the last quarter. Institutional investors and hedge funds own 65.33% of the company's stock.

Regal Entertainment Group (NYSE:RGC) traded up $0.51 during trading on Wednesday, reaching $20.50. The stock has a market capitalization of $3.22 billion, a P/E ratio of 18.09 and a beta of 0.92. Regal Entertainment Group has a one year low of $13.90 and a one year high of $23.56. The firm's 50-day moving average price is $21.44 and its 200 day moving average price is $21.92.

WARNING: "Regal Entertainment Group (RGC) Cut to Market Perform at Barrington Research" was posted by The Lincolnian Online and is owned by of The Lincolnian Online. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 40%. It reported revenue of 798 million pounds, or about $1.1 billion, in its 2016 financial year. Year to Date performance value (YTD perf) value is -0.49%. The current consensus recommendation provided by covering analysts is 2.30. Investors of record on Monday, June 5th will be paid a dividend of $0.22 per share. It last reported revenues of $816.8 million and EPS of $0.62 for the August 2017, representing 4% top-line growth and 0.6 EPS growth. Regal Entertainment Group's payout ratio is 81.48%.

Other equities analysts have also issued reports about the stock. At the time of writing, the First Call consensus price target for the company is $20.67. Neuberger Berman Group LLC raised its stake in Regal Entertainment Group by 20.9% during the 3rd quarter.

Covering sell-side analysts have recently weighed in on shares of Regal Entertainment Group (NYSE:RGC). Analysts giving the company a rating of 3 would be indicating a Hold recommendation.

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