Adams Diversified Equity Fund Inc. Buys Shares of 35,500 Regis Co. (RGS)

Adams Diversified Equity Fund Inc. purchased a new stake in shares of Regis Co. (NYSE:RGS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 35,500 shares of the company’s stock, valued at approximately $725,000. Adams Diversified Equity Fund Inc. owned 0.08% of Regis at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of Regis during the 3rd quarter valued at $4,113,000. Northern Trust Corp lifted its holdings in shares of Regis by 0.6% during the 2nd quarter. Northern Trust Corp now owns 872,908 shares of the company’s stock valued at $14,438,000 after buying an additional 4,931 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Regis during the 2nd quarter valued at $377,000. AMP Capital Investors Ltd bought a new position in shares of Regis during the 2nd quarter valued at $255,000. Finally, BlackRock Inc. lifted its holdings in shares of Regis by 5.7% during the 2nd quarter. BlackRock Inc. now owns 4,919,119 shares of the company’s stock valued at $81,362,000 after buying an additional 264,727 shares during the period. 99.71% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently commented on RGS. Zacks Investment Research raised Regis from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Saturday, August 25th. TheStreet raised Regis from a “c+” rating to a “b” rating in a report on Tuesday, August 21st. Three investment analysts have rated the stock with a buy rating, Regis has an average rating of “Buy” and a consensus target price of $20.00.



Shares of Regis stock opened at $17.11 on Wednesday. Regis Co. has a one year low of $13.79 and a one year high of $22.40. The firm has a market capitalization of $848.12 million, a P/E ratio of 29.00, a P/E/G ratio of 3.28 and a beta of 1.46. The company has a current ratio of 1.87, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18.

Regis (NYSE:RGS) last announced its earnings results on Tuesday, August 21st. The company reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. Regis had a return on equity of 5.50% and a net margin of 0.72%. The company had revenue of $294.89 million for the quarter, compared to analysts’ expectations of $315.10 million. During the same period last year, the firm earned $0.03 EPS. As a group, analysts forecast that Regis Co. will post 0.65 earnings per share for the current 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.

See Also: What are Institutional Investors?

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Institutional Ownership by Quarter for Regis (NYSE:RGS)

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