StockNews.com upgraded shares of Regis (NYSE:RGS - Free Report) from a sell rating to a hold rating in a research report sent to investors on Friday.
Regis Stock Performance
Shares of RGS stock traded up $1.33 during midday trading on Friday, hitting $23.95. 21,843 shares of the company were exchanged, compared to its average volume of 24,072. The firm has a market capitalization of $54.61 million, a P/E ratio of 0.64 and a beta of 2.48. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35. The firm's 50 day moving average price is $24.01 and its two-hundred day moving average price is $23.50. Regis has a 52 week low of $3.87 and a 52 week high of $35.50.
Institutional Trading of Regis
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its holdings in shares of Regis by 33.1% during the 4th quarter. Renaissance Technologies LLC now owns 18,646 shares of the company's stock worth $442,000 after buying an additional 4,640 shares during the period. Geode Capital Management LLC boosted its holdings in Regis by 39.6% in the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company's stock valued at $630,000 after purchasing an additional 6,492 shares during the period. Proficio Capital Partners LLC bought a new stake in Regis in the 3rd quarter valued at about $450,000. Sandia Investment Management LP boosted its holdings in Regis by 101.1% in the 4th quarter. Sandia Investment Management LP now owns 32,936 shares of the company's stock valued at $781,000 after purchasing an additional 16,561 shares during the period. Finally, TCW Group Inc. boosted its holdings in Regis by 12.9% in the 4th quarter. TCW Group Inc. now owns 394,382 shares of the company's stock valued at $9,355,000 after purchasing an additional 45,060 shares during the period. Institutional investors own 31.50% of the company's stock.
About Regis
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Regis Corporation owns and franchises hair care salons primarily in North America. The company operates in two segments, Franchise Salons and Company-Owned Salons. Its salons provide haircutting; styling, including shampooing and conditioning; hair coloring; and other services, as well as sell various hair care and other beauty products.
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