Sandia Investment Management LP raised its position in Regis Co. (NYSE:RGS - Free Report) by 101.1% in the fourth quarter, according to the company in its most recent Form 13F 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 quarter. Regis makes up approximately 1.8% of Sandia Investment Management LP's portfolio, making the stock its 12th biggest position. Sandia Investment Management LP owned approximately 1.44% of Regis worth $781,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. Renaissance Technologies LLC lifted its position in Regis by 33.1% during the 4th quarter. Renaissance Technologies LLC now owns 18,646 shares of the company's stock worth $442,000 after acquiring an additional 4,640 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Regis by 101.1% during the fourth quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company's stock worth $781,000 after purchasing an additional 16,561 shares during the period. TCW Group Inc. grew its position in 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. Finally, Wealthfront Advisers LLC purchased a new position in Regis in the 4th quarter valued at $923,998,000. 31.50% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of Regis from a "sell" rating to a "hold" rating in a research report on Friday, February 14th.
View Our Latest Stock Report on Regis
Regis Stock Performance
RGS traded up $0.12 during trading on Thursday, reaching $21.37. The company's stock had a trading volume of 7,548 shares, compared to its average volume of 236,824. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.40 and a current ratio of 0.40. The company's fifty day moving average price is $18.33 and its 200-day moving average price is $21.14. The company has a market capitalization of $52.05 million, a price-to-earnings ratio of 0.54 and a beta of 1.57. Regis Co. has a 52-week low of $3.87 and a 52-week high of $35.50.
Regis Company Profile
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Free Report)
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.
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