New York State Teachers Retirement System Decreases Position in Regis Co. (NYSE:RGS)

New York State Teachers Retirement System decreased its holdings in shares of Regis Co. (NYSE:RGS) by 2.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,307 shares of the company’s stock after selling 1,601 shares during the quarter. New York State Teachers Retirement System owned approximately 0.19% of Regis worth $559,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RGS. Cramer Rosenthal Mcglynn LLC lifted its stake in Regis by 31.5% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 3,892,222 shares of the company’s stock worth $23,003,000 after purchasing an additional 931,978 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Regis by 57.5% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,795,934 shares of the company’s stock worth $10,614,000 after purchasing an additional 655,871 shares during the last quarter. Norges Bank purchased a new stake in Regis during the fourth quarter worth approximately $5,314,000. WCM Investment Management LLC lifted its stake in Regis by 80.2% during the first quarter. WCM Investment Management LLC now owns 472,338 shares of the company’s stock worth $2,791,000 after purchasing an additional 210,162 shares during the last quarter. Finally, UBS Group AG lifted its stake in Regis by 212.3% during the fourth quarter. UBS Group AG now owns 215,010 shares of the company’s stock worth $3,843,000 after purchasing an additional 146,155 shares during the last quarter.

Regis stock opened at $7.68 on Friday. Regis Co. has a 12 month low of $4.22 and a 12 month high of $23.27. The company has a debt-to-equity ratio of 5.21, a current ratio of 1.51 and a quick ratio of 1.26. The business has a 50 day simple moving average of $8.23 and a 200-day simple moving average of $10.53. The stock has a market capitalization of $279.29 million, a PE ratio of -2.67 and a beta of 2.65.

Regis (NYSE:RGS) last released its quarterly earnings results on Thursday, June 18th. The company reported ($0.12) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.31. Regis had a positive return on equity of 14.17% and a negative net margin of 12.08%. The business had revenue of $153.78 million during the quarter, compared to analysts’ expectations of $145.00 million. As a group, equities research analysts anticipate that Regis Co. will post 1.18 EPS for the current year.

A number of brokerages have weighed in on RGS. Zacks Investment Research upgraded Regis from a “sell” rating to a “strong-buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, July 21st. ValuEngine upgraded Regis from a “hold” rating to a “buy” rating in a research note on Monday, June 1st. Finally, Loop Capital reduced their price objective on Regis from $21.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, June 19th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.56.

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.

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Institutional Ownership by Quarter for Regis (NYSE:RGS)

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