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

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

Regis Stock Performance

Shares of Regis stock opened at $23.95 on Friday. Regis has a one year low of $3.87 and a one year high of $35.50. The company has a market capitalization of $54.61 million, a PE ratio of 0.64 and a beta of 2.48. 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 company has a 50-day simple moving average of $24.02 and a two-hundred day simple moving average of $23.53.

Hedge Funds Weigh In On Regis

Several institutional investors and hedge funds have recently bought and sold shares of RGS. Wealthfront Advisers LLC acquired a new stake in shares of Regis in the 4th quarter worth $923,998,000. TCW Group Inc. boosted its holdings 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 in the last quarter. Proficio Capital Partners LLC grew its stake 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 acquiring an additional 16,561 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Regis by 39.6% during the third 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 during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Regis by 33.1% during the fourth quarter. Renaissance Technologies LLC now owns 18,646 shares of the company’s stock valued at $442,000 after acquiring an additional 4,640 shares in the last quarter. 31.50% of the stock is owned by hedge funds and other institutional investors.

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.