Regis (NYSE:RGS) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Regis (NYSE:RGS) from a sell rating to a hold rating in a research report sent to investors on Friday.

Regis Trading Up 5.9 %

NYSE RGS opened at $23.95 on Friday. The firm’s 50-day moving average is $24.02 and its two-hundred day moving average is $23.55. Regis has a 12 month low of $3.87 and a 12 month high of $35.50. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $54.61 million, a P/E ratio of 3.82 and a beta of 2.48.

Institutional Trading of Regis

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new stake in shares of Regis during the third quarter worth approximately $450,000. Renaissance Technologies LLC increased its stake in 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 purchasing an additional 4,640 shares during the last quarter. Geode Capital Management LLC increased its stake in Regis by 39.6% in the third 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 last quarter. TCW Group Inc. purchased a new position in Regis in the third quarter valued at approximately $9,610,000. Finally, Wealthfront Advisers LLC purchased a new position in Regis in the fourth quarter valued at approximately $923,998,000. 31.50% of the stock is currently owned by hedge funds and other institutional investors.

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.