Landscape Capital Management L.L.C. grew its stake in Regis Co. (NYSE:RGS) by 152.3% during the second quarter, Holdings Channel.com reports. The fund owned 235,554 shares of the company’s stock after acquiring an additional 142,195 shares during the period. Landscape Capital Management L.L.C.’s holdings in Regis were worth $3,910,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in Regis during the 1st quarter worth approximately $36,000. BNP Paribas Arbitrage SA grew its stake in shares of Regis by 78.6% during the first quarter. BNP Paribas Arbitrage SA now owns 7,754 shares of the company’s stock worth $153,000 after acquiring an additional 3,412 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Regis during the fourth quarter worth about $165,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Regis by 309.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,727 shares of the company’s stock worth $182,000 after purchasing an additional 8,109 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Regis during the first quarter worth about $240,000. 98.61% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on RGS. TheStreet downgraded Regis from a “b-” rating to a “c” rating in a report on Monday, May 13th. Zacks Investment Research downgraded Regis from a “strong-buy” rating to a “hold” rating in a report on Friday, June 28th. Finally, ValuEngine downgraded Regis from a “buy” rating to a “hold” rating in a report on Monday, June 17th.
NYSE:RGS traded down $0.18 during trading hours on Thursday, reaching $17.48. The company had a trading volume of 2,565 shares, compared to its average volume of 183,903. Regis Co. has a 1-year low of $15.06 and a 1-year high of $22.40. The company has a market capitalization of $706.30 million, a price-to-earnings ratio of 29.63, a PEG ratio of 4.43 and a beta of 1.06. The stock has a 50 day moving average price of $17.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.98 and a current ratio of 1.62.
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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