Stock Chalking up Significant Action in Session: Regal Entertainment Group (NYSE:RGC)

An exterior view of a Cineworld cinema in Piccadilly central London

Stock Chalking up Significant Action in Session: Regal Entertainment Group (NYSE:RGC)

Knoxville, Tenn. -based Regal, which is controlled by billionaire Philip Anschutz, said last week that the company was in talks to be acquired by Cineworld.

Regal Entertainment Group most recently reported earnings per share (EPS) of $0.07 for the September 2017 versus $0.29 in the same quarter a year ago, representing -76% growth. Regal Entertainment Group is given 3 buy-equivalent recommendations, 0 sells and 3 holds. Alliancebernstein L.P. boosted its stake in shares of Regal Entertainment Group by 11.6% during the 2nd quarter. Regal Entertainment Group dipped to as low as $20.15 throughout the day and has returned 0.63% in this year.

The investigation concerns whether the Regal board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Regal shares of common stock. Regal Entertainment Group had a negative return on equity of 16.36% and a net margin of 4.41%.

CNX Resources Corporation (NYSE:CNX) recent rally took place on significantly more volume which surged almost 4.6 million contracts on 04-Dec-17 versus its daily average of 3.94 million. Revenue, on the other hand, scored -27.69% growth from the previous quarter, coming up with $626.15 million.

CNX Resources Corporation is maintained at an average hold rating by 9 stock analysts, and there are at least 3.05% of shares outstanding that are now legally short sold. Shareholders of record on Monday, December 4th will be paid a dividend of $0.22 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.88 dividend on an annualized basis and a yield of 4.29%. Regal Entertainment Group's payout ratio is 101.15%. Shares buyback plans are generally an indication that the company's board believes its stock is undervalued.

Company shares have been seen trading -3.74% off of the 52 week high and 63.17% away from the 52 week low. Nationally recognized Johnson Fistel is investigating whether the proposed deal price represents adequate consideration, especially given one Wall Street analyst has a $24.75 price target on the stock. Finally, Credit Suisse Group dropped their price target on Regal Entertainment Group from $17.00 to $13.00 and set an "underperform" rating on the stock in a research report on Thursday, September 28th.

Regal Entertainment Group is an operator of theatre circuits in the United States.

The Financial Times reported Tuesday that the all-cash buyout would bring the merged company up to a total of 9,500 screens, making it "the world's second largest cinema chain by number of screens behind AMC Theatres, owned by China's Dalian Wanda Group". The Company manages its business under theatre exhibition operations segment.

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