Cramer Rosenthal Mcglynn LLC Has $47.58 Million Stock Holdings in Regis Co. (NYSE:RGS)

Cramer Rosenthal Mcglynn LLC increased its holdings in shares of Regis Co. (NYSE:RGS) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,866,275 shares of the company’s stock after buying an additional 90,884 shares during the period. Regis comprises approximately 1.3% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 22nd largest position. Cramer Rosenthal Mcglynn LLC owned 7.29% of Regis worth $47,580,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of RGS. Quantamental Technologies LLC boosted its position in Regis by 590.1% during the 2nd quarter. Quantamental Technologies LLC now owns 2,222 shares of the company’s stock worth $37,000 after buying an additional 1,900 shares during the period. Bank of Montreal Can boosted its position in Regis by 213.3% during the 2nd quarter. Bank of Montreal Can now owns 3,525 shares of the company’s stock worth $59,000 after buying an additional 2,400 shares during the period. BNP Paribas Arbitrage SA boosted its position in Regis by 78.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,754 shares of the company’s stock worth $153,000 after buying an additional 3,412 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in Regis during the 1st quarter worth approximately $250,000. Finally, SG Americas Securities LLC lifted its position in shares of Regis by 155.0% in the 1st quarter. SG Americas Securities LLC now owns 16,400 shares of the company’s stock worth $323,000 after purchasing an additional 9,968 shares during the period. Institutional investors and hedge funds own 96.01% of the company’s stock.

Shares of NYSE RGS traded up $0.29 during midday trading on Friday, reaching $19.33. The stock had a trading volume of 1,155 shares, compared to its average volume of 519,870. The firm has a market cap of $679.37 million, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 3.49 and a beta of 1.08. Regis Co. has a twelve month low of $14.50 and a twelve month high of $21.46. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.04 and a current ratio of 1.64. The company’s 50 day moving average price is $17.28 and its 200 day moving average price is $18.33.

Regis (NYSE:RGS) last issued its quarterly earnings results on Tuesday, August 27th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.52. The firm had revenue of $248.19 million for the quarter, compared to the consensus estimate of $250.30 million. Regis had a negative net margin of 1.33% and a positive return on equity of 14.90%. Equities analysts forecast that Regis Co. will post 0.72 earnings per share for the current fiscal year.

In related news, CFO Andrew H. Lacko bought 6,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were bought at an average price of $16.09 per share, for a total transaction of $104,585.00. Following the transaction, the chief financial officer now directly owns 138,020 shares of the company’s stock, valued at $2,220,741.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.00% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on RGS. ValuEngine downgraded shares of Regis from a “hold” rating to a “sell” rating in a research report on Wednesday, August 28th. Zacks Investment Research upgraded shares of Regis from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research report on Saturday, August 31st.

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.

Further Reading: Quiet Period

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Institutional Ownership by Quarter for Regis (NYSE:RGS)

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