Cineworld and Regal in Blockbuster Merger to Challenge AMC


It means Cineworld Group PLC will acquire Regal, a leading motion picture exhibitor. They are projecting Next Quarter growth of -31.2%.

The deal is expected to close during the first quarter of 2018. State Board of Administration of Florida Retirement System owned about 0.10% of Regal Entertainment Group worth $3,354,000 at the end of the most recent quarter. NY increased its holdings in Regal Entertainment Group by 15.8% in the third quarter.

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

The investigation concerns whether the Regal board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Regal shares of common stock. Regal Entertainment Group had a net margin of 5.33% and a negative return on equity of 20.07%. Based on an average daily volume of 5,155,221 shares, the days-to-cover ratio is now 6.7 days. The company's stock had a trading volume of 10,210,000 shares, compared to its average volume of 7,421,647. The company had revenue of $716.00 million for the quarter, compared to analysts' expectations of $701.66 million.

The U.S. experienced its lowest box office earnings in more than two decades, but annual takings have still managed to surpass $11 billion for the last two years.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. The stock is trading for about -18.8% less than its 52-week high.

While looking at the Stock's Performance, Regal Entertainment Group now shows a Weekly Performance of 18.02%, where Monthly Performance is 30.24%, Quarterly performance is 32.34%, 6 Months performance is -1.16% and yearly performance percentage is -6.82%. The ex-dividend date is Thursday, June 1st. A rating of 4 or 5 would represent a Sell recommendation. Regal Entertainment Group's payout ratio is 101.15%. This buyback authorization allows the company to purchase up to 2.2% of its stock through open market purchases.

When it comes to the Analysis of a Stock, Price Target plays a vital role. 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. If you are reading this story on another publication, it was illegally stolen and republished in violation of U.S. & global trademark and copyright law.

Regal, based in Knoxville, Tennessee, operates 7,315 screens in 561 theaters in the US under brands including Regal Cinemas and United Artists.