StockNews.com Upgrades Regis (NYSE:RGS) to Hold

Regis (NYSE:RGS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Regis Stock Performance

Shares of NYSE RGS opened at $22.62 on Friday. Regis has a 1 year low of $3.87 and a 1 year high of $35.50. The firm has a market cap of $51.57 million, a P/E ratio of 0.61 and a beta of 2.48. The stock has a fifty day moving average price of $24.02 and a two-hundred day moving average price of $23.60. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of Regis during the 3rd quarter valued at about $450,000. Geode Capital Management LLC boosted its holdings in Regis by 39.6% during the third quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after buying an additional 6,492 shares in the last quarter. TCW Group Inc. acquired a new position in Regis in the third quarter worth approximately $9,610,000. Wealthfront Advisers LLC acquired a new position in Regis in the fourth quarter worth approximately $923,998,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Regis by 33.1% in the fourth quarter. Renaissance Technologies LLC now owns 18,646 shares of the company’s stock valued at $442,000 after buying an additional 4,640 shares in the last quarter. 31.50% of the stock is owned by institutional investors and hedge funds.

Regis Company Profile

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.