UK's Cineworld in Talks to Acquire Regal Entertainment for $3.6 Billion

UK's Cineworld in Talks to Acquire Regal Entertainment for $3.6 Billion

UK's Cineworld in Talks to Acquire Regal Entertainment for $3.6 Billion

Regal Entertainment Group (NYSE:RGC) hasconsensus analyst target price is $19.44. Insider ownership during the past year has increased by a net of 133295 shares. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since November 28, 2016 and is downtrending.

A number of large investors have recently bought and sold shares of RGC. Wellington Management Group LLP grew its stake in Regal Entertainment Group by 20.6% during the 1st quarter.

Short interest or otherwise called the percentage of a stock's tradable shares now being shorted is another data that investors use to get a handle on sentiment. Finally, BlackRock Inc. raised its position in Regal Entertainment Group by 2.1% in the third quarter. The company has market cap of $10.68 billion. Alliancebernstein L.P. increased its stake in Regal Entertainment Group by 11.6% during the 2nd quarter. As the P/E goes up, it shows that current investor sentiment is that the company is worth more. Camelot Portfolios LLC now owns 20,736 shares of the company's stock valued at $468,000 after buying an additional 67 shares in the last quarter. BlackRock Inc. boosted its holdings in Regal Entertainment Group by 10,841.3% in the 1st quarter. Amer National Ins Tx holds 0.2% or 178,150 shares. RBC Capital Markets downgraded the shares of RGC in report on Monday, July 18 to "Sector Perform" rating. BidaskClub lowered Regal Entertainment Group from a "sell" rating to a "strong sell" rating in a research report on Thursday, August 10th. Longer moving average timeframes are less sensitive to price fluctuations than shorter term timeframes and will generate far few signals. RGC stock price revealed optimistic move of 2.87% comparing average price of last 200 days. Finally, Morgan Stanley upgraded Regal Entertainment Group from an "underweight" rating to an "equal weight" rating and set a $17.00 price target on the stock in a research report on Thursday, October 5th. This is calculated by taking the current share price and dividing by the share price one month ago. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Polaris Ltd Liability Corp stated it has 1.74% in Regal Entertainment Group (NYSE:RGC).

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The news service said an agreement had not been reached as of Tuesday night. About 14.43 million shares traded or 246.04% up from the average. Stock's free cash flow yield, which represents the amount of cash available to investors before dividends, expressed as a percentage of the stock price, is -1.88. Regal Entertainment Group has a 52 week low of $13.90 and a 52 week high of $23.56. Archford Capital Strategies Limited Company has 1,609 shares for 0.03% of their portfolio. The FCF Score of Regal Entertainment Group (NYSE:RGC) is 0.581532. The company reported $0.07 EPS for the quarter, topping the Zacks' consensus estimate of $0.04 by $0.03. The firm had revenue of $716.00 million for the quarter, compared to analysts' expectations of $701.66 million. The C-Score of Regal Entertainment Group (NYSE:RGC) is 3. AMC also acquired Europe's largest theatre chain, Odeon, for $1.2 billion a year ago.

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. The ex-dividend date is Friday, December 1st. P/E tells more about the company current situation and future performance. For Regal Entertainment Group (NYSE:RGC), Stochastic %D value stayed at 91.15% for the last 9 days. With 667,800 avg volume, 2 days are for Pvh Corporation (NYSE:PVH)'s short sellers to cover PVH's short positions.

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