Regal Entertainment GroupNYSE
Regal Entertainment: Short Opportunity In A Pair Trade With A Rival
Johannes Salim, CFA
Johannes Salim, CFA
Yesterday, 2:49 PM
- Theater stocks spiral lower amid increased focus on a shorter window before movies are available at home.
- A top exec at Warner Bros. (TWX -0.6%) said at an investor conference earlier this week that he has held constructive talks within the industry about offering faster home rentals on top movies at a premium price ($25 to $50). Kevin Tsujihara says some films could be available for streaming as soon as two weeks after their big screen debut.
- On watch: Cinemark (CNK -3.6%), Regal Entertainment (RGC -2.5%), Carmike Cinemas (CNK -3.6%), Marcus Corp (MCS -0.5%), AMC Entertainment (AMC -3.6%) and IMAX (IMAX).
- The development could be positive for Netflix (NFLX +2.3%).
Thu, Dec. 1, 12:05 PM
- November monthly performance was: +11.09%
- 52-week performance vs. the S&P 500 is: +12%
- $0.16 in dividends were paid in November
- Top 10 Holdings as of 10/31/2016: Targa Resources Corp (TRGP): 2.21837%, Joy Global Inc (JOY): 1.29446%, Covanta Holding Corp (CVA): 0.98758%, Nu Skin Enterprises Inc Class A (NUS): 0.98583%, Regal Entertainment Group (RGC): 0.96324%, Pattern Energy Group Inc Class A (PEGI): 0.92233%, ALLETE Inc (ALE): 0.87816%, Black Hills Corp (BKH): 0.87233%, Quad/Graphics Inc Class A (QUAD): 0.7723%, Lexmark International Inc (LXK): 0.77094%
Fri, Nov. 18, 12:37 PM
- Large-cap names with 5x their normal volume:
- ASML Holding (ASML +1.7%)
- The Gap (GPS -16.5%)
- Mid-caps with 5x their normal volume:
- HRG Group (HRG +3.8%)
- Grand Canyon Education (LOPE -0.1%)
- Marvell Tech (MRVL +8.8%)
- Nuance Communication (NUAN +9.6%)
- Post Holdings (POST -2.1%)
- Regal Entertainment (RGC -2.2%)
- ViaSat (VSAT +4.9%)
Fri, Nov. 18, 9:15 AM| Fri, Nov. 18, 9:15 AM | 1 Comment
Thu, Nov. 17, 6:26 PM
- Regal Entertainment Group (NYSE:RGC) announces a secondary offering of 13M shares on behalf of The Anschutz Corporation and some of its affiliates.
- Anschutz will still control 70.5% of the combined voting power of the outstanding shares of class A common stock and class B common shares after the transaction.
- Phillip Anschutz has been the driving force behind Regal since he consolidated three bankrupt movie theater chains in 2002.
- Regal won't receive any of the proceeds from the sale.
- RGC -4.70% after hours to $23.30.
- Source: Press Release
Thu, Nov. 3, 2:46 PM
- October monthly performance was: -3.75%
- 52-week performance vs. the S&P 500 is: +4%
- $0.24 in dividends were paid in October
- Top 10 Holdings as of 9/30/2016: Targa Resources Corp (TRGP): 2.36391%, Joy Global Inc (JOY): 1.22914%, Nu Skin Enterprises Inc Class A (NUS): 0.98695%, Covanta Holding Corp (CVA): 0.96533%, Regal Entertainment Group (RGC): 0.92791%, Pattern Energy Group Inc Class A (PEGI): 0.88415%, Quad/Graphics Inc Class A (QUAD): 0.82743%, Royal Gold Inc (RGLD): 0.82602%, Black Hills Corp (BKH): 0.82263%, ALLETE Inc (ALE): 0.81383%
Mon, Oct. 31, 7:43 AM| Mon, Oct. 31, 7:43 AM
Thu, Oct. 27, 5:35 PM
Thu, Oct. 27, 4:13 PM
Wed, Oct. 26, 5:35 PM
- ACTG, AFL, AIV, AJG, ALDR, ALEX, ALJ, AMCC, AMGN, AMZN, ARAY, ARII, ASGN, ATEN, ATR, ATRC, AUY, AZPN, BGS, BIDU, BMRN, BOFI, BOOM, BSAC, BVN, CA, CATM, CBI, CBL, CEMP, CENX, CHDN, CLD, CLMS, CNMD, COLM, COWN, CPT, CRUS, CUBE, CXP, CY, DECK, DGII, DLR, ECOL, EGO, EHTH, ELLI, EMN, ESS, EXPE, FET, FII, FIX, FLEX, FLS, FORM, FPO, FR, FTNT, FTV, GIMO, GOOG, HBI, HIG, HLS, HTH, IART, IM, INT, INVA, IPHS, ISBC, ITGR, KAMN, KIM, KONA, KRG, LEG, LNKD, LOGM, MAA, MAC, MCK, MLNX, MOBL, MOH, MSA, MSTR, NANO, NATI, NGD, NR, NSIT, NSR, OFC, OII, OIS, OMCL, OSIS, PDFS, PEB, PFG, PKD, POWI, PSMT, PXLW, RGC, RSG, SGEN, SHOR, SIMO, SKYW, SMCI, SNMX, SPNC, SPSC, SRCL, SSD, SSNC, STRZA, SYK, SYNA, TDOC, TEAM, TFSL, TGB, TLGT, TMST, VCRA, VDSI, VR, VRSN, WRE, WRI, WSFS, YRCW
Mon, Oct. 24, 11:57 AM
Mon, Oct. 17, 6:58 PM
- Ben Affleck and The Accountant (TWX -0.9%) outpaced expectations and took the weekend's box office crown, grossing $24.7M to surpass last week's leader.
- The Girl on the Train (CMCSA -0.3%) followed up at No. 2, taking $12.25M to bring its two-week total to $46.8M domestically. The thriller has grossed $79.9M worldwide.
- Meanwhile, Kevin Hart: What Now?, another Universal film, made the largest opening ever for a stand-up comedy film, grossing $11.8M and just missing the No. 2 spot.
- Among other debuts, the only other wide release, Max Steel (AMC -0.6%, RGC -1.1%), flopped with just $2.2M despite a 2,000-theater opening.
Mon, Oct. 3, 12:30 PM
- September monthly performance was: +0.82%
- 52-week performance vs. the S&P 500 is: +7%
- $0.24 in dividends were paid in September
- Top 10 Holdings as of 8/31/2016: Targa Resources Corp (TRGP): 2.1059%, Joy Global Inc (JOY): 1.21334%, Pattern Energy Group Inc Class A (PEGI): 0.93868%, Covanta Holding Corp (CVA): 0.93744%, Regal Entertainment Group (RGC): 0.91551%, Nu Skin Enterprises Inc Class A (NUS): 0.88507%, Quad/Graphics Inc Class A (QUAD): 0.84198%, ALLETE Inc (ALE): 0.81244%, Black Hills Corp (BKH): 0.78909%, Royal Gold Inc (RGLD): 0.78502%
Wed, Sep. 21, 11:42 AM
- JBL Advisors raises estimates on Regal Entertainment (RGC -0.9%) to factor in an expected 12% increase in Q3 box office revenue.
- The company now sees Q3 revenue of $801M vs. $760M prior and $764M consensus. JBL's EPS forecast goes to $0.22 vs. $0.18 prior and $0.21 consensus.
- "RGC’s dividend yield (4.06%) continues to be an attractive variable for many institutional and retail shareholders," advises JBL.
Mon, Sep. 19, 12:32 PM
- Lions Gate (NYSE:LGF) is off 4.4% after its critically mixed horror film Blair Witch fell well short of knocking off Sully (TWX +1.4%) from the top of the box-office chart.
- Blair Witch was the best of three top-five debuts, but Sully's $22M kept it on top for the second straight week.
- Lions Gate's new revisit to the woods of its 1999 cult film The Blair Witch Project pulled just $9.7M despite opening in more than 3,000 theaters. It has a "36% Fresh" rating on review aggregator Rotten Tomatoes.
- Just behind at No. 3 was another disappointing showing in Bridget Jones's Baby (CMCSA -0.2%), with $8.2M, followed by Snowden (AMC -0.2%, RGC) with $8M.
- Sully, directed by Clint Eastwood and starring Tom Hanks, has hit $70.5M cumulative in its two weeks, and $93.9M total worldwide.
Tue, Sep. 6, 12:01 PM
- August monthly performance was: +0.18%
- 52-week performance vs. the S&P 500 is: +5%
- $0.15 in dividends were paid in August
- Top 10 Holdings as of 7/29/2016: Targa Resources Corp (TRGP): 1.75908%, Joy Global Inc (JOY): 1.20074%, Cal-Maine Foods Inc (CALM): 1.0183%, Covanta Holding Corp (CVA): 0.98535%, Regal Entertainment Group (RGC): 0.984%, Pattern Energy Group Inc Class A (PEGI): 0.93953%, Royal Gold Inc (RGLD): 0.88436%, ALLETE Inc (ALE): 0.85466%, Black Hills Corp (BKH): 0.83077%, B&G Foods Inc (BGS): 0.79923%