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

Ticker: RGS · Form: SC 13G/A · Filed: 2024-02-12T00:00:00.000Z

Sentiment: bearish

Topics: institutional-ownership, stake-reduction, SC-13G/A, Regis-Corp

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

Key Players & Entities

Forward-Looking Statements

FAQ

What is the total number of Regis Corporation shares beneficially owned by First Manhattan Co. LLC as reported in this filing?

As of December 31, 2023, First Manhattan Co. LLC beneficially owns a total of 221,250 shares of Regis Corporation's common stock, which is the sum of 117,500 shares with sole voting power and 103,750 shares with shared voting power.

What percentage of Regis Corporation's outstanding common stock does First Manhattan Co. LLC own according to this SC 13G/A filing?

First Manhattan Co. LLC owns 3.0% of Regis Corporation's outstanding common stock, as stated on page 3 of the filing.

What was the date of the event that required First Manhattan Co. LLC to file this amendment?

The date of the event which required the filing of this statement was December 31, 2023, as indicated on the cover page of the SC 13G/A.

Under which rule was this Schedule 13G/A filed?

This Schedule 13G/A was filed under Rule 13d-1(b), as marked with an 'x' on the cover page.

What is the CUSIP number for Regis Corporation's common stock as listed in the filing?

The CUSIP number for Regis Corporation's common stock is 758932107, as stated on the cover page of the filing.

From the Filing

0001172661-24-000732.txt : 20240212 0001172661-24-000732.hdr.sgml : 20240212 20240212165812 ACCESSION NUMBER: 0001172661-24-000732 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 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: 24620930 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: FIRST MANHATTAN CO. LLC. CENTRAL INDEX KEY: 0000728083 ORGANIZATION NAME: IRS NUMBER: 131957714 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 399 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2127563300 MAIL ADDRESS: STREET 1: 399 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: FIRST MANHATTAN CO DATE OF NAME CHANGE: 19960606 SC 13G/A 1 firstmanhattan-rgs123123a1.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 13G/A Under the Securities Exchange Act of 1934 (Amendment No. 1)* Regis Corporation (Name of Issuer) Common Stock, $0.05 par value (Title of Class of Securities) 758932107 (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) o 	Rule 13d-1(c) o 	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 the Notes). CUSIP No.  758932107   SCHEDULE 13G/A Page 2 of 6 Pages           1 NAME OF REPORTING PERSONS First Manhattan Co. LLC 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) o (b) x   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   117,500 6 SHARED VOTING POWER   103,750 7 SOLE DISPOSITIVE POWER   117,500 8 SHARED DISPOSITIVE POWER   103,750 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   221,250 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES     o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   9.71% 12 TYPE OF REPORTING PERSON   IA CUSIP No. 758932107   SCHEDULE 13G/A Page 3 of 6 Pages Item 1. (a)	Name of Issuer Regis Corporation Item 1. (b)	Address of Issuer’s Principal Executive Offices 3701 Wayzata Boulevard Minneapolis, Minnesota 55416 Item 2. (a)	Name of Person Filing: First Manhattan Co. LLC Item 2. (b)	Address of Principal Business Office: 399 Park Avenue New York, NY 10022 Item 2. (c)	Citizenship: Delaware Item 2. (d)	Title of Class of Securities Common Stock, $0.05 par value Item 2. (e) CUSIP No.: 758932107 CUSIP No.  758932107   SCHEDULE 13G/A Page 4 of 6 Pages Item 3.	If this statement is filed pursuant to §§240.13d-1(b) or

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