Regis (NYSE:RGS) Stock Rating Upgraded by StockNews.com

Regis (NYSE:RGS) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Regis Stock Performance

RGS stock opened at $23.95 on Friday. Regis has a twelve month low of $3.87 and a twelve month high of $35.50. The firm has a market cap of $54.61 million, a price-to-earnings ratio of 0.64 and a beta of 2.48. The business’s fifty day simple moving average is $24.02 and its two-hundred day simple moving average is $23.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 1.69.

Institutional Investors Weigh In On Regis

Several large investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its holdings in shares of 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 period. Wealthfront Advisers LLC purchased a new position in shares of Regis during the fourth quarter valued at $923,998,000. Proficio Capital Partners LLC raised its holdings in shares of Regis by 101.1% in the fourth quarter. Proficio Capital Partners LLC now owns 32,936 shares of the company’s stock valued at $781,000 after acquiring an additional 16,561 shares in the last quarter. TCW Group Inc. lifted its stake in Regis by 12.9% in the fourth quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock worth $9,355,000 after acquiring an additional 45,060 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Regis by 39.6% during the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock worth $630,000 after acquiring an additional 6,492 shares in the last quarter. 31.50% of the stock is 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.