Cineworld to buy Regal Entertainment Group for $3.6 billion

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Regal Entertainment Group said Cineworld has committed to having a strong presence in Knoxville.

Company shares have been seen trading -3.74% off of the 52 week high and 63.17% away from the 52 week low. Hamlin Capital Management LLC now owns 4,335,507 shares of the company's stock worth $69,368,000 after purchasing an additional 60,489 shares during the last quarter. NY increased its holdings in Regal Entertainment Group by 15.8% in the third quarter. Hedge funds and other institutional investors own 85.33% of the company's stock.

Regal Entertainment Group (NYSE:RGC) traded up $0.51 during trading on Wednesday, reaching $20.50. During the same period last year, the company posted $0.29 EPS. equities research analysts predict that Regal Entertainment Group will post 0.95 earnings per share for the current year. According to these analysts, the Low Revenue Estimate for Regal Entertainment Group is 867.3 Million and the High Revenue Estimate is 917.2 Million.

CNX Resources Corporation (CNX) remained unsuccessful in beating the consensus-estimated $0.02 as it actually earned -$0.15 per share in its last reported financial results. The Return on Equity (ROE) value stands at -16.4%. Revenue during the quarter was $716 million, representing -12% growth from $811.5 million in year-ago quarter. The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. The ex-dividend date is Friday, December 1st. This represents a $0.88 annualized dividend and a yield of 4.27%. Regal Entertainment Group's payout ratio is 101.15%. RGC has been the topic of several analyst reports.

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Regal Entertainment Group has a beta of 0.98, offering the possibility of a higher rate of return, but also posing more risk.

It means Cineworld Group PLC will acquire Regal, a leading motion picture exhibitor. Finally, Wunderlich reiterated a "buy" rating and set a $31.00 target price on shares of Regal Entertainment Group in a report on Monday, March 20th. Analysts giving the company a rating of 3 would be indicating a Hold recommendation. Regal Entertainment Group has an average rating of Hold and a consensus price target of $21.48. The stock was sold at an average price of $22.15, for a total transaction of $577,007.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Finally, Neuberger Berman Group LLC boosted its stake in shares of Regal Entertainment Group by 20.9% during the 3rd quarter.

CNX Resources Corporation (NYSE:CNX) recent rally took place on significantly more volume which surged almost 4.6 million contracts on 04-Dec-17 versus its daily average of 3.94 million.

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