New Ownership For Regal College Station Theater in Springfield

New Ownership For Regal College Station Theater in Springfield

While looking at the Stock's Performance, Regal Entertainment Group now shows a Weekly Performance of 18.02%, where Monthly Performance is 30.24%, Quarterly performance is 32.34%, 6 Months performance is -1.16% and yearly performance percentage is -6.82%.

Yesterday Jupiter Asset Management said most investors had not expected the group to embark on any major acquisitions. Ticket sales in the USA and Canada are down 4% from the same time a year ago, according to ComScore. Following the sale, the executive vice president now owns 212,715 shares of the company's stock, valued at approximately $4,786,087.50. This buyback authorization allows the company to purchase up to 2.2% of its stock through open market purchases. Farmers National Bank boosted its stake in Regal Entertainment Group by 901.2% during the 2nd quarter.

The Anschutz Corporation, the US-based media and entertainment group, which has 67 per cent of the voting power in Regal, has also agreed to the deal. The company's institutional ownership is monitored at 73.7 percent.

Several equities research analysts have recently weighed in on RGC shares.

The UK cinema group will pay $23 a share for Regal.

More news: USA trade gap widens in October on record imports

Cineworld Group PLC is buying Regal Entertainment Group for $3.61 billion in a deal that gives the movie theater operator a larger global footprint. MKM Partners reiterated a "buy" rating and set a $20.00 price objective on shares of Regal Entertainment Group in a report on Monday, September 18th. Regal Entertainment Group presently has an average rating of "Hold" and a consensus target price of $21.48.

Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Wednesday, April 26th. The volume of 4.29 Million shares climbed down over an trading activity of 5.12 Million shares. Regal Entertainment Group has a 12-month low of $13.90 and a 12-month high of $23.56. The company reported $0.07 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.04 by $0.03. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. It is expected to be completed in the first quarter of next year. At present, 0 analysts call it Sell, while 4 think it is Hold. The ex-dividend date is Thursday, June 1st. Regal Entertainment Group's dividend payout ratio (DPR) is presently 101.15%.

The $6.3 billion transaction was approved unanimously by Regal's and Cineworld's boards of directors.

Cineworld disclosed on Tuesday morning that a sovereign wealth fund would invest alongside the Greidinger family, the company's biggest shareholder, as part of the fundraising, but did not disclose its identity. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued. If you are reading this report on another publication, it was illegally copied and reposted in violation of worldwide trademark and copyright law.

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