Great West Life Assurance Co. Can reduced its stake in shares of Regis Co. (NYSE:RGS) by 15.5% in the first quarter, Holdings Channel reports. The firm owned 39,197 shares of the company’s stock after selling 7,206 shares during the period. Great West Life Assurance Co. Can’s holdings in Regis were worth $770,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Regis during the 1st quarter worth $36,000. LS Investment Advisors LLC lifted 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 worth $122,000 after purchasing an additional 6,167 shares during the last quarter. ClariVest Asset Management LLC lifted 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 worth $129,000 after purchasing an additional 930 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of 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 purchasing an additional 3,412 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new stake in shares of Regis during the 4th quarter worth $165,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.
Regis stock opened at $19.34 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.62 and a quick ratio of 0.98. Regis Co. has a one year low of $15.06 and a one year high of $22.40. The stock has a market capitalization of $754.28 million, a price-to-earnings ratio of 32.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.22.
A number of brokerages recently weighed in on RGS. ValuEngine upgraded Regis from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. TheStreet cut 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 target for the company in a research note on Friday, May 3rd. Finally, Loop Capital assumed coverage on Regis in a research note on Friday, April 5th. They issued a “buy” rating and a $25.00 price target for the company.
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Regis Company 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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