Massachusetts Financial Services Co. MA Purchases New Position in Regis Co. (NYSE:RGS)

Massachusetts Financial Services Co. MA purchased a new stake in shares of Regis Co. (NYSE:RGS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 762,334 shares of the company’s stock, valued at approximately $15,414,000. Massachusetts Financial Services Co. MA owned 2.14% of Regis at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. increased its position in shares of Regis by 40.5% during the second quarter. Russell Investments Group Ltd. now owns 38,910 shares of the company’s stock valued at $646,000 after buying an additional 11,213 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Regis by 958.8% during the second quarter. Jacobs Levy Equity Management Inc. now owns 179,601 shares of the company’s stock valued at $2,981,000 after buying an additional 162,639 shares during the period. JPMorgan Chase & Co. increased its position in shares of Regis by 26.7% during the second quarter. JPMorgan Chase & Co. now owns 23,476 shares of the company’s stock valued at $392,000 after buying an additional 4,944 shares during the period. Landscape Capital Management L.L.C. increased its position in shares of Regis by 152.3% during the second quarter. Landscape Capital Management L.L.C. now owns 235,554 shares of the company’s stock valued at $3,910,000 after buying an additional 142,195 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Regis by 3.5% during the second quarter. Renaissance Technologies LLC now owns 2,145,800 shares of the company’s stock valued at $35,620,000 after buying an additional 73,000 shares during the period. Institutional investors own 96.07% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Regis from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Zacks Investment Research cut shares of Regis from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, ValuEngine cut shares of Regis from a “hold” rating to a “sell” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.67.

In other news, CFO Andrew H. Lacko bought 6,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were purchased at an average price of $16.09 per share, for a total transaction of $104,585.00. Following the completion of the purchase, the chief financial officer now owns 138,020 shares in the company, valued at approximately $2,220,741.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 33.00% of the company’s stock.

Shares of NYSE RGS opened at $16.26 on Monday. The firm’s 50 day moving average price is $20.16 and its 200-day moving average price is $18.64. The company has a market cap of $589.03 million, a PE ratio of 11.78, a P/E/G ratio of 2.51 and a beta of 1.12. Regis Co. has a 52-week low of $14.50 and a 52-week high of $23.27. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.43 and a current ratio of 0.70.

Regis (NYSE:RGS) last issued its earnings results on Tuesday, October 29th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.27. The firm had revenue of $247.04 million for the quarter, compared to the consensus estimate of $217.00 million. Regis had a negative net margin of 2.66% and a positive return on equity of 17.49%. On average, analysts forecast that Regis Co. will post 0.88 earnings per share for the current fiscal year.

About Regis

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: What is diluted earnings per share (Diluted EPS)?

Institutional Ownership by Quarter for Regis (NYSE:RGS)

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