Charles Schwab Slashes Regis Corp (RGIS) Stake to 1,641 Shares

TL;DR

**Schwab dumped Regis Corp shares, now holds only 1,641.**

AI Summary

Charles Schwab Investment Management, Inc. filed an amended SC 13G/A on February 9, 2024, indicating a significant reduction in its beneficial ownership of Regis Corporation (RGIS) common stock. As of December 31, 2023, Charles Schwab Investment Management, Inc. now beneficially owns only 1,641 shares, down from a previously undisclosed higher amount. This matters to investors because a major institutional investor has drastically cut its stake, potentially signaling a lack of confidence in Regis Corporation's future prospects.

Why It Matters

This filing shows a major institutional investor, Charles Schwab Investment Management, Inc., has significantly reduced its holdings in Regis Corporation, which could be interpreted as a bearish signal for the stock.

Risk Assessment

Risk Level: medium — A large institutional investor significantly reducing its stake can indicate underlying concerns about the company's performance or outlook, posing a medium risk to current and prospective investors.

Analyst Insight

Investors should view this significant reduction in stake by Charles Schwab Investment Management, Inc. as a potential red flag and conduct further due diligence into Regis Corporation's financial health and future outlook before making investment decisions.

Key Numbers

• 1,641 — Shares Beneficially Owned (This is the total number of shares of Regis Corporation common stock beneficially owned by Charles Schwab Investment Management, Inc. as of December 31, 2023, indicating a significant reduction from previous holdings.)
• 758932206 — CUSIP Number (This identifies the specific security, Regis Corporation Common Stock, ensuring clarity on the reported shares.)
• 943106735 — IRS Identification No. (This is the IRS identification number for Charles Schwab Investment Management, Inc., a key identifier for the reporting entity.)

Key Players & Entities

• Charles Schwab Investment Management, Inc. (company) — the reporting person who filed the SC 13G/A
• Regis Corporation (company) — the issuer whose common stock is being reported
• Delaware (company) — place of organization for Charles Schwab Investment Management, Inc.
• December 31, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• Regis Corporation's stock price may experience downward pressure due to the reduced institutional ownership. (Regis Corporation) — medium confidence, target: Q2 2024

FAQ

Filing Documents

• rgsa1_20824.htm (SC 13G/A) — 25KB
• 0001085146-24-001010.txt ( ) — 27KB

(a)

ITEM 1(a). NAME OF ISSUER: Regis Corporation

(b)

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3701 Wayzata Blvd., Suite 500 Minneapolis, MN 55416

(a)

ITEM 2(a). NAME OF PERSON FILING: Charles Schwab Investment Management, Inc.

(b)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 211 Main Street San Francisco, CA 94105

(c)

ITEM 2(c). CITIZENSHIP: Delaware

(d)

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock

(e)

ITEM 2(e). CUSIP NUMBER: 758932206 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 1,641 (b) Percent of class: 0.07% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: 1,641 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 1,641 (iv) shared power to dispose or to direct the disposition of: 0 ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the

View Full Filing

View this SC 13G/A filing on SEC EDGAR