Regis (NYSE:RGS) Upgraded at StockNews.com

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

Regis Trading Up 7.2 %

Regis stock opened at $22.62 on Friday. Regis has a 52 week low of $3.87 and a 52 week high of $35.50. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $51.57 million, a price-to-earnings ratio of 0.61 and a beta of 2.48. The company has a 50 day moving average price of $24.02 and a 200 day moving average price of $23.60.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted 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. Wealthfront Advisers LLC purchased a new stake in shares of Regis in the fourth quarter worth approximately $923,998,000. Proficio Capital Partners LLC boosted 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% during the fourth quarter. TCW Group Inc. now owns 394,382 shares of the company’s stock valued at $9,355,000 after purchasing an additional 45,060 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Regis by 39.6% in the 3rd quarter. Geode Capital Management LLC now owns 22,906 shares of the company’s stock valued at $630,000 after buying an additional 6,492 shares during the period. 31.50% of the stock is owned by institutional investors and hedge funds.

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.