Three Peaks Capital Management Upped Its Regal Entmt Group (RGC) Position; Basswood Capital Management Has Increased Independent Bank Mich (IBCP) Position

February 6, 2018 - By Vivian Currie

Three Peaks Capital Management Llc increased Regal Entmt Group (RGC) stake by 56.33% reported in 2017Q3 SEC filing. Three Peaks Capital Management Llc acquired 150,497 shares as Regal Entmt Group (RGC)’s stock declined 4.72%. The Three Peaks Capital Management Llc holds 417,669 shares with $6.68 million value, up from 267,172 last quarter. Regal Entmt Group now has $3.62B valuation. The stock increased 0.09% or $0.02 during the last trading session, reaching $23.12. About 462,082 shares traded. Regal Entertainment Group (NYSE:RGC) has declined 1.35% since February 6, 2017 and is downtrending. It has underperformed by 18.05% the S&P500.

Basswood Capital Management Llc increased Independent Bank Corp Mich (IBCP) stake by 18.69% reported in 2017Q3 SEC filing. Basswood Capital Management Llc acquired 50,791 shares as Independent Bank Corp Mich (IBCP)’s stock declined 4.64%. The Basswood Capital Management Llc holds 322,571 shares with $7.31M value, up from 271,780 last quarter. Independent Bank Corp Mich now has $481.08M valuation. The stock decreased 1.32% or $0.1 during the last trading session, reaching $22.55. About 23,538 shares traded. Independent Bank Corporation (NASDAQ:IBCP) has risen 39.51% since February 6, 2017 and is uptrending. It has outperformed by 22.81% the S&P500.

Among 15 analysts covering Regal Entertainment Group (NYSE:RGC), 1 have Buy rating, 1 Sell and 13 Hold. Therefore 7% are positive. Regal Entertainment Group had 67 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was initiated by Drexel Hamilton with “Buy” on Thursday, January 14. The rating was maintained by Loop Capital on Monday, October 23 with “Buy”. The stock has “Buy” rating by Wedbush on Thursday, October 19. The stock has “Hold” rating by RBC Capital Markets on Tuesday, July 25. The stock of Regal Entertainment Group (NYSE:RGC) has “Sector Perform” rating given on Thursday, April 27 by RBC Capital Markets. The firm earned “Sector Perform” rating on Monday, July 18 by RBC Capital Markets. The rating was downgraded by Hilliard Lyons on Wednesday, December 6 to “Neutral”. The stock of Regal Entertainment Group (NYSE:RGC) earned “Buy” rating by Wedbush on Wednesday, October 25. The firm has “Underperform” rating by Credit Suisse given on Wednesday, February 1. The rating was upgraded by B. Riley & Co on Monday, September 28 to “Buy”.

Three Peaks Capital Management Llc decreased Nielsen Hldgs Plc stake by 7,774 shares to 296,578 valued at $12.29M in 2017Q3. It also reduced Crown Castle Intl Corp New (NYSE:CCI) stake by 3,189 shares and now owns 121,742 shares. Allegion Pub Ltd Co (NYSE:ALLE) was reduced too.

Investors sentiment decreased to 1.16 in 2017 Q3. Its down 0.25, from 1.41 in 2017Q2. It dived, as 47 investors sold RGC shares while 66 reduced holdings. 56 funds opened positions while 75 raised stakes. 128.26 million shares or 1.47% more from 126.40 million shares in 2017Q2 were reported. James Invest Rech Inc stated it has 2,800 shares. San Francisco Sentry Invest Gru (Ca) holds 6,800 shares. Dimensional Fund Advisors Lp, a Texas-based fund reported 2.57 million shares. Huber Capital Limited Liability holds 0.09% or 107,431 shares. Three Peaks Capital Management Llc reported 417,669 shares stake. Utah Retirement Sys holds 0.01% or 20,637 shares in its portfolio. Novare Capital Management Lc reported 25,000 shares. Amer National Tx reported 167,600 shares. Lpl Fincl Limited Liability reported 12,972 shares stake. Victory Cap Mngmt has 0.05% invested in Regal Entertainment Group (NYSE:RGC). Orrstown Svcs invested in 0% or 102 shares. Wealthtrust owns 0% invested in Regal Entertainment Group (NYSE:RGC) for 103 shares. Hsbc Holdings Plc, United Kingdom-based fund reported 45,160 shares. Montecito Financial Bank Tru holds 0.07% or 12,000 shares. Bokf Na has 0.01% invested in Regal Entertainment Group (NYSE:RGC) for 17,058 shares.

Among 8 analysts covering Independent Bank Corporation (NASDAQ:IBCP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Independent Bank Corporation had 13 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was initiated by Boenning & Scattergood on Wednesday, May 4 with “Neutral”. On Friday, September 23 the stock rating was initiated by Hovde Group with “Market Perform”. The firm earned “Hold” rating on Tuesday, October 3 by Keefe Bruyette & Woods. The rating was downgraded by Fig Partners to “Outperform” on Tuesday, August 11. The firm earned “Hold” rating on Wednesday, January 31 by Hovde Group. The firm has “Hold” rating given on Thursday, August 20 by TheStreet. Keefe Bruyette & Woods maintained it with “Hold” rating and $24.0 target in Wednesday, December 6 report. The firm has “Market Perform” rating given on Tuesday, August 11 by FIG Partners. Keefe Bruyette & Woods maintained Independent Bank Corporation (NASDAQ:IBCP) on Thursday, December 21 with “Hold” rating. The stock of Independent Bank Corporation (NASDAQ:IBCP) has “Buy” rating given on Monday, December 18 by Compass Point.

Basswood Capital Management Llc decreased Orrstown Finl Svcs Inc (NASDAQ:ORRF) stake by 151,968 shares to 664,691 valued at $16.55M in 2017Q3. It also reduced Regions Finl Corp New (NYSE:RF) stake by 268,572 shares and now owns 3.01 million shares. First Amern Finl Corp (NYSE:FAF) was reduced too.

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