Rhumbline Advisers Sells 5,098 Shares of Regis Co. (NYSE:RGS)

Rhumbline Advisers reduced its holdings in shares of Regis Co. (NYSE:RGS) by 5.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,161 shares of the company’s stock after selling 5,098 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Regis worth $1,891,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Regis by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 405,481 shares of the company’s stock valued at $8,285,000 after purchasing an additional 4,983 shares during the period. Arizona State Retirement System grew its stake in shares of Regis by 6.5% during the 4th quarter. Arizona State Retirement System now owns 51,198 shares of the company’s stock valued at $868,000 after purchasing an additional 3,139 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Regis by 10.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 11,094 shares of the company’s stock valued at $188,000 after purchasing an additional 1,085 shares during the period. LS Investment Advisors LLC grew its stake in shares of Regis by 589.6% during the 4th quarter. LS Investment Advisors LLC now owns 7,213 shares of the company’s stock valued at $122,000 after purchasing an additional 6,167 shares during the period. Finally, ClariVest Asset Management LLC grew its stake in shares of Regis by 13.9% during the 4th quarter. ClariVest Asset Management LLC now owns 7,612 shares of the company’s stock valued at $129,000 after purchasing an additional 930 shares during the period. 99.08% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the company. TheStreet downgraded Regis from a “b-” rating to a “c” rating in a research note on Monday, May 13th. Zacks Investment Research upgraded Regis from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Friday, May 3rd. ValuEngine downgraded Regis from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. Finally, Loop Capital assumed coverage on Regis in a research note on Friday, April 5th. They set a “buy” rating and a $25.00 price objective for the company.

NYSE RGS traded down $0.10 during trading hours on Friday, reaching $16.60. The company’s stock had a trading volume of 593,268 shares, compared to its average volume of 279,881. The business’s 50-day moving average is $18.63. The company has a quick ratio of 0.98, a current ratio of 1.62 and a debt-to-equity ratio of 0.29. Regis Co. has a 1 year low of $15.06 and a 1 year high of $22.40. The stock has a market cap of $637.09 million, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.37 and a beta of 1.22.

Regis (NYSE:RGS) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.29. Regis had a positive return on equity of 10.20% and a negative net margin of 0.36%. The company had revenue of $258.34 million for the quarter, compared to analysts’ expectations of $276.60 million. Sell-side analysts anticipate that Regis Co. will post 0.91 EPS for the current fiscal year.

Regis Profile

Regis Corporation owns, operates, and franchises hairstyling and hair care salons. The company operates through two operating segments, Company-owned salons and Franchise salons. Its salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters; and serve value and premium categories of services.

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Institutional Ownership by Quarter for Regis (NYSE:RGS)

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