Recent insider trends for Regal Entertainment Group (NYSE:RGC) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of RGC, the data has a lot to say about how the stock might perform going forward.
Institutions own 101.40% of Regal Entertainment Group (RGC)’s shares. The total value of these holdings, in millions, is $3,066. Among active positions in the latest quarter, 150 holders increased their positions by a total of 32 million shares, 143 holders decreased the positions by a total of 27.34 million shares, and 27 holders held their positions. This works out to a net increase in ownership of 4.66 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 59 holders initiated new positions by a total of 15.41 million shares and 64 holders exited their positions by a total of 5.84 million shares. This nets out to an increase of 9.56 million shares and is a bullish sign for RGC.
Insider ownership increased by a total of 0 shares, which suggests that RGC’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 15 buys and 18 sells, and ownership increased by a net of 133295 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Regal Entertainment Group (NYSE:RGC)’s short interest is 34.54 million shares, or 31.01% of the float. This represents an increase of 29% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that RGC is a Strong buy, which implies that RGC is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Regal Entertainment Group (NYSE:RGC) is undervalued.