RBC Capital Reports Regal Entertainment (RGC) Downgrade from Outperform; Mackinac Financial (MFNC)’s Sentiment Is 1.8

December 6, 2017 - By wolcottdaily

Mackinac Financial Corporation operates as the holding firm for mBank that provides commercial and retail banking services and products in the United States. The company has market cap of $100.72 million. It offers interest bearing and non-interest bearing deposit products, including commercial and retail checking accounts, negotiable order of withdrawal accounts, money market accounts, individual retirement accounts, regular interest-bearing statement savings accounts, time deposits, and certificates of deposit. It has a 14.57 P/E ratio. The firm also provides consumer loan products, such as installment, mortgages, and home equity loans, as well as residential mortgage loans, commercial and governmental lease financing, and direct and indirect consumer financing.

Among 15 analysts covering Regal Entertainment Group (NYSE:RGC), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Regal Entertainment Group has $32 highest and $13 lowest target. $20.27’s average target is -10.63% below currents $22.68 stock price. Regal Entertainment Group had 59 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Sector Perform” rating on Wednesday, December 6 by RBC Capital Markets. The firm has “Mkt Perform” rating by FBR Capital given on Thursday, April 27. The company was upgraded on Monday, October 31 by B. Riley & Co. The rating was maintained by FBR Capital with “Market Perform” on Friday, August 21. The company was initiated on Thursday, January 14 by Drexel Hamilton. On Friday, April 29 the stock rating was maintained by Topeka Capital Markets with “Hold”. The stock has “Buy” rating by B. Riley & Co on Wednesday, October 25. The firm earned “Outperform” rating on Friday, April 7 by Wedbush. The rating was upgraded by Macquarie Research to “Outperform” on Tuesday, September 8. The rating was maintained by Wedbush on Thursday, July 27 with “Buy”.

It closed at $16 lastly. It is down 31.57% since December 6, 2016 and is uptrending. It has outperformed by 14.87% the S&P500.

Raffles Associates Lp holds 1.14% of its portfolio in Mackinac Financial Corporation for 86,583 shares. Banc Funds Co Llc owns 226,307 shares or 0.14% of their US portfolio. Moreover, Clarkston Capital Partners Llc has 0.12% invested in the company for 187,765 shares. The Connecticut-based Gendell Jeffrey L has invested 0.11% in the stock. Naples Global Advisors Llc, a Florida-based fund reported 16,450 shares.

The stock increased 9.41% or $1.95 during the last trading session, reaching $22.68. About 74.17M shares traded or 1122.06% up from the average. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since December 6, 2016 and is downtrending. It has underperformed by 18.05% the S&P500.

Regal Entertainment Group, together with its subsidiaries, operates as a motion picture exhibitor in the United States. The company has market cap of $3.55 billion. The firm develops, acquires, and operates multi-screen theatres primarily in mid-sized metropolitan markets and suburban growth areas of larger metropolitan markets. It has a 21.06 P/E ratio. It operates a theatre circuit under the brands of Regal Cinemas, United Artists, Edwards, Great Escape Theatres, and Hollywood Theaters.

Investors sentiment increased to 1.41 in 2017 Q2. Its up 0.58, from 0.83 in 2017Q1. It is positive, as 33 investors sold Regal Entertainment Group shares while 66 reduced holdings. 47 funds opened positions while 93 raised stakes. 126.40 million shares or 7.66% more from 117.40 million shares in 2017Q1 were reported. Public Employees Retirement Association Of Colorado owns 24,666 shares. Ngam Advisors Ltd Partnership, Massachusetts-based fund reported 67,189 shares. Montecito Natl Bank Trust has invested 0.09% in Regal Entertainment Group (NYSE:RGC). Quantbot Technologies Ltd Partnership accumulated 559 shares or 0% of the stock. Northwestern Mutual Wealth Mngmt, a Wisconsin-based fund reported 9,150 shares. James Inc invested in 0.01% or 10,963 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mgmt has invested 0.05% in Regal Entertainment Group (NYSE:RGC). Comerica Securities Inc accumulated 0.41% or 134,914 shares. Hartford Finance Management invested in 1.16% or 125,775 shares. Payden And Rygel reported 623,300 shares or 1.12% of all its holdings. Td Asset Mgmt stated it has 582,754 shares. Alabama-based Wealthtrust has invested 0% in Regal Entertainment Group (NYSE:RGC). Evercore Wealth Management Lc stated it has 1,405 shares or 0% of all its holdings. Hussman Strategic holds 0.7% of its portfolio in Regal Entertainment Group (NYSE:RGC) for 154,800 shares. Canada Pension Plan Inv Board reported 204,300 shares.

Analysts await Regal Entertainment Group (NYSE:RGC) to report earnings on February, 8. They expect $0.41 EPS, up 24.24% or $0.08 from last year’s $0.33 per share. RGC’s profit will be $64.10 million for 13.83 P/E if the $0.41 EPS becomes a reality. After $0.07 actual EPS reported by Regal Entertainment Group for the previous quarter, Wall Street now forecasts 485.71% EPS growth.

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