Regal Cinemas Stock Sale Halted After Reports of Merger With Cineworld


In Wednesday trading, Wingstop Inc shares are now off about 4.6%, Cedar Fair LP shares are off about 0.1%, and Regal Entertainment Group shares are up about 6.3% on the day. The EV is used to show how the market assigns value to a company as a whole. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since November 28, 2016 and is downtrending. Polaris Management Ltd Liability Company reported 1.74% stake. Dimensional Fund Advisors LP now owns 2,070,005 shares of the company's stock valued at $46,741,000 after buying an additional 116,607 shares during the period. Regal Entertainment Group presently has an average rating of "Hold" and an average price target of $20.90.

Payden & Rygel decreased its stake in Regal Entertainment Group (RGC) by 24.43% based on its latest 2017Q2 regulatory filing with the SEC. Camelot Portfolios LLC now owns 20,941 shares of the company's stock worth $428,000 after buying an additional 205 shares in the last quarter.

Ever wonder how investors predict positive share price momentum? Legal & General Group Plc lifted its stake in Regal Entertainment Group by 41.8% in the first quarter. This repurchase authorization authorizes the company to buy up to 2.2% of its stock through open market purchases.

Cineworld, which operates 230 theaters and 2,200 screens in the UK, Ireland, Slovakia, Poland, Bulgaria, Romania and Israel, said the Regal acquisition would provide a "highly attractive platform in the world's largest cinema market". Almost 0.57 million shares were traded by the close, higher than its average daily volume of 0.4 million shares. The company's 50 day moving average price is $21.70 and its 200 day moving average price is $21.98.

Over the past three months, Regal Entertainment Group insiders have been net buyers, dumping a net of 0 shares. The FCF Score of Regal Entertainment Group (NYSE:RGC) is 0.581532.

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For the ongoing Fiscal Quarter, 14 analysts have an average earnings forecast of $0.41 per share. The company had revenue of $716.00 million during the quarter, compared to analysts' expectations of $701.66 million.

Regal Entertainment Group (NYSE:RGC) has a 20-day RSI of 70.64%. The company's quarterly revenue was up 4.3% on a year-over-year basis.

Overall the FTSE 100 was 0.6% lower at 7,417 points. According to the Analysts, the Low Earnings estimate for the current quarter is $0.28, while the High earnings estimate is $0.49.Comparatively, EPS for the same quarter a year ago was $0.38. This can help in judging whether the most recent dividends from these companies are likely to continue. At the current valuation, this equates to a dividend yield of 4.48%. The ex-dividend date is Friday, December 1st. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 6.494009, and a current Price to Earnings ratio of 19.780004. Several research firms have recently issued reports on RGC. It improved, as 33 investors sold Regal Entertainment Group shares while 66 reduced holdings. Royal Bank of Canada increased their price objective on Regal Entertainment Group from $23.00 to $25.00 and gave the company a "sector perform" rating in a report on Thursday, April 27th. The potential Regal merger, coupled with AMC's recent deals, is another sign of industry-wide consolidation. Three analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock.

BB&T Corporation (BBT) has risen 15.45% since then.

Based on its share price on Tuesday prior to reports of the deal, Regal had a market capitalisation of around $2.4bn.