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

From the Filing

0001085146-24-001010.txt : 20240209 0001085146-24-001010.hdr.sgml : 20240209 20240209175142 ACCESSION NUMBER: 0001085146-24-001010 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REGIS CORP CENTRAL INDEX KEY: 0000716643 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PERSONAL SERVICES [7200] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 410749934 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-42627 FILM NUMBER: 24616528 BUSINESS ADDRESS: STREET 1: 3701 WAYZATA BLVD STREET 2: SUITE 500 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 BUSINESS PHONE: 9529477777 MAIL ADDRESS: STREET 1: 3701 WAYZATA BLVD STREET 2: SUITE 500 CITY: MINNEAPOLIS STATE: MN ZIP: 55416 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CHARLES SCHWAB INVESTMENT MANAGEMENT INC CENTRAL INDEX KEY: 0000884546 ORGANIZATION NAME: IRS NUMBER: 943106735 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 211 MAIN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: 415-627-7000 MAIL ADDRESS: STREET 1: 211 MAIN STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: SCHWAB CHARLES INVESTMENT MANAGEMENT INC DATE OF NAME CHANGE: 19990329 SC 13G/A 1 rgsa1_20824.htm CHARLES SCHWAB INVESTMENT MANAGEMENT INC rgsa1_20824.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Regis Corporation (Name of Issuer) Common Stock (Title of Class of Securities) 758932206 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see Instructions). CUSIP No.: 758932206 1 NAME OF REPORTING PERSON Charles Schwab Investment Management, Inc. I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY) 943106735 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [ ] 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 1,641 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 1,641 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,641 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 0.07% 12 TYPE OF REPORTING PERSON IA CUSIP No.: 758932206 ITEM 1(a). NAME OF ISSUER: Regis Corporation ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 3701 Wayzata Blvd., Suite 500 Minneapolis, MN 55416 ITEM 2(a). NAME OF PERSON FILING: Charles Schwab Investment Management, Inc. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 211 Main Street San Francisco, CA 94105 ITEM 2(c). CITIZENSHIP: Delaware ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock 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.