REGAL ENTERTAINMENT GROUP SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation Of Buyout

REGAL ENTERTAINMENT GROUP SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation Of Buyout

REGAL ENTERTAINMENT GROUP SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation Of Buyout

"Since becoming a public company, Regal has focused on delivering superior shareholder value, including return of capital in the form of regular and special dividends", said Amy Miles, CEO of Regal Entertainment Group.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Tuesday, October 24th. The current consensus recommendation provided by covering analysts is 2.30. Institutional investors and hedge funds own 65.33% of the company's stock. They expect this year's earnings to fall -14.41% year-over-year to $0.95, followed by 11.58% growth in the next year to $1.06. The firm had revenue of $716.00 million during the quarter, compared to analyst estimates of $701.66 million. Regal Entertainment Group's revenue for the quarter was up 4.3% compared to the same quarter a year ago.

CNX Resources Corporation is maintained at an average hold rating by 9 stock analysts, and there are at least 3.05% of shares outstanding that are now legally short sold. This represents a $0.88 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, June 1st. Regal Entertainment Group's payout ratio is 101.15%. They see Regal Entertainment Group (RGC) price hitting a mean target of $20.67 a share, meaning the stock still has potential that could drag the price another -0.29% Also, the recent close suggests the stock is underpriced by 19.39% compared to the most bullish target.

Regal Entertainment Group has a beta of 0.98, offering the possibility of a higher rate of return, but also posing more risk. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Regal Entertainment Group has an average rating of Hold and a consensus price target of $21.48. Finally, Wunderlich reiterated a "buy" rating and set a $31.00 target price on shares of Regal Entertainment Group in a report on Monday, March 20th. Finally, Neuberger Berman Group LLC boosted its stake in shares of Regal Entertainment Group by 20.9% during the 3rd quarter. The shares were sold at an average price of $22.50, for a total value of $455,242.50.

The Relative Volume of the company is 2.07 and Average Volume (3 months) is 4.92 million.

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

Regal is the second biggest cinema operator in the United States behind AMC, with 7,315 screens at 561 cinemas. The Company manages its business under theatre exhibition operations segment.

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