Oaktree Capital Management LP Invests $4.59 Million in Regis Corporation (RGS)
Oaktree Capital Management LP bought a new stake in Regis Corporation (NYSE:RGS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 321,890 shares of the company’s stock, valued at approximately $4,593,000. Oaktree Capital Management LP owned approximately 0.69% of Regis as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company raised its position in shares of Regis by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 30,110 shares of the company’s stock valued at $309,000 after purchasing an additional 163 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Regis by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 25,696 shares of the company’s stock valued at $264,000 after acquiring an additional 227 shares in the last quarter. Public Employees Retirement System of Ohio raised its position in shares of Regis by 6.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,389 shares of the company’s stock valued at $122,000 after acquiring an additional 599 shares in the last quarter. Thrivent Financial For Lutherans raised its position in shares of Regis by 6.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 21,090 shares of the company’s stock valued at $217,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in shares of Regis by 10.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 15,716 shares of the company’s stock valued at $161,000 after acquiring an additional 1,464 shares in the last quarter. 95.60% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Regis from a “buy” rating to a “hold” rating in a research report on Wednesday. Jefferies Group upped their price target on Regis from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. ValuEngine raised Regis from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Finally, BidaskClub raised Regis from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Regis has a consensus rating of “Buy” and a consensus target price of $17.00.
Regis Corporation (NYSE RGS) traded up $0.12 during mid-day trading on Thursday, hitting $16.43. The company had a trading volume of 132,700 shares, compared to its average volume of 204,189. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.94. The firm has a market cap of $759.76, a price-to-earnings ratio of 181.22, a P/E/G ratio of 12.26 and a beta of 1.43. Regis Corporation has a twelve month low of $9.02 and a twelve month high of $16.68.
Regis (NYSE:RGS) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The firm had revenue of $309.87 million for the quarter, compared to analyst estimates of $334.10 million. Regis had a negative net margin of 2.70% and a positive return on equity of 0.81%. During the same period in the prior year, the company posted $0.12 earnings per share. equities research analysts forecast that Regis Corporation will post 0.19 earnings per share for the current fiscal year.
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Regis Company Profile
Regis Corporation owns, franchises and operates beauty salons. The Company operates through two segments: North American Value and North American Premium. As of June 30, 2016, the Company’s North American Value salon operations consisted of 5,784 Company-owned salons and 2,496 franchised salons operating in the United States, Canada and Puerto Rico.
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