First Manhattan Co. LLC Cuts Regis Corp (RGS) Stake to 3.0%

TL;DR

**First Manhattan Co. LLC just trimmed its Regis Corp stake to 3.0%, watch for potential bearish sentiment.**

AI Summary

First Manhattan Co. LLC, an investment firm, filed an amended SC 13G/A on February 12, 2024, disclosing its ownership in Regis Corporation (RGS) as of December 31, 2023. The filing shows First Manhattan Co. LLC beneficially owns 221,250 shares of Regis Corporation's common stock, representing 3.0% of the company's outstanding shares. This is a decrease from their previous holding, indicating a reduction in their stake, which could signal a less optimistic outlook from a significant institutional investor.

Why It Matters

This matters to investors because a prominent institutional investor, First Manhattan Co. LLC, has reduced its ownership in Regis Corp, potentially signaling a lack of confidence or a strategic portfolio adjustment.

Risk Assessment

Risk Level: medium — A reduction in stake by a significant institutional investor like First Manhattan Co. LLC could indicate potential concerns about Regis Corp's future performance, posing a medium risk to current and prospective shareholders.

Analyst Insight

A smart investor would investigate the reasons behind First Manhattan Co. LLC's reduction in stake and consider if this signals underlying issues with Regis Corp's business or future prospects before making any investment decisions.

Key Numbers

• 221,250 — Total shares beneficially owned (This is the total number of Regis Corporation shares First Manhattan Co. LLC owns as of December 31, 2023.)
• 3.0% — Percentage of class outstanding (This represents First Manhattan Co. LLC's ownership percentage of Regis Corporation's common stock.)
• 117,500 — Sole voting power shares (The number of shares First Manhattan Co. LLC can vote independently.)
• 103,750 — Shared voting power shares (The number of shares First Manhattan Co. LLC shares voting power over.)
• $0.05 — Par value per share (The stated par value of Regis Corporation's common stock.)

Key Players & Entities

• First Manhattan Co. LLC (company) — the reporting person and institutional investor
• Regis Corporation (company) — the issuer of the securities
• Delaware (company) — place of organization for First Manhattan Co. LLC
• December 31, 2023 (date) — date of event requiring the filing
• February 12, 2024 (date) — filing date of the SC 13G/A

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

Key Financial Figures

• $0.05 — ation (Name of Issuer) Common Stock, $0.05 par value (Title of Class of Securiti

Filing Documents

• firstmanhattan-rgs123123a1.htm (SC 13G/A) — 55KB
• 0001172661-24-000732.txt ( ) — 57KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Regis Corporation

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 3701 Wayzata Boulevard Minneapolis, Minnesota 55416

(a)Name of Person Filing

Item 2. (a)Name of Person Filing: First Manhattan Co. LLC

(b)Address

Item 2. (b)Address of Principal Business Office: 399 Park Avenue New York, NY 10022

(c)Citizenship

Item 2. (c)Citizenship: Delaware

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock, $0.05 par value

(e) CUSIP No

Item 2. (e) CUSIP No.: 758932107 CUSIP No. 758932107 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (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) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 758932107 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 221,250 (b) Percent of class: 9.71% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 117,500 (ii) Shared power to vote or to direct the vote: 103,750 (iii) Sole power to dispose or to direct the disposition of: 117,500 (iv) Shared power to dispose or to direct the disposition of: 103,750 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date he

View Full Filing

View this SC 13G/A filing on SEC EDGAR