Sandia Investment Management LP Purchases 16,561 Shares of Regis Co. (NYSE:RGS)

Sandia Investment Management LP raised its stake in Regis Co. (NYSE:RGS - Free Report) by 101.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,936 shares of the company's stock after buying an additional 16,561 shares during the period. Regis comprises about 1.8% of Sandia Investment Management LP's portfolio, making the stock its 12th biggest position. Sandia Investment Management LP owned 1.44% of Regis worth $781,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new stake in shares of Regis in the 4th quarter valued at about $923,998,000. TCW Group Inc. grew its position in shares of 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 buying an additional 45,060 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Regis by 101.1% in the 4th quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company's stock valued at $781,000 after buying an additional 16,561 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Regis by 33.1% during the 4th 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 in the last quarter. Institutional investors own 31.50% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Regis from a "sell" rating to a "hold" rating in a research report on Friday, February 14th.

Regis Trading Up 1.4%

Shares of Regis stock traded up $0.30 on Tuesday, hitting $21.80. 2,749 shares of the company's stock traded hands, compared to its average volume of 237,767. Regis Co. has a one year low of $3.87 and a one year high of $35.50. The company has a debt-to-equity ratio of 1.67, a current ratio of 0.40 and a quick ratio of 0.40. The company has a fifty day moving average of $18.19 and a two-hundred day moving average of $21.13. The company has a market capitalization of $53.10 million, a price-to-earnings ratio of 0.55 and a beta of 1.57.

About Regis

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.