Ronald O. Perelman Purchases 419,127 Shares of Revlon, Inc. (REV) Stock
Revlon, Inc. (NYSE:REV) Director Ronald O. Perelman bought 419,127 shares of Revlon stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $18.55 per share, for a total transaction of $7,774,805.85. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Revlon, Inc. (NYSE:REV) traded down 0.78% during trading on Wednesday, hitting $19.10. 648,878 shares of the company traded hands. The stock’s market capitalization is $1.00 billion. The company’s 50 day moving average is $21.87 and its 200-day moving average is $25.98. Revlon, Inc. has a 52 week low of $15.60 and a 52 week high of $37.96.
Revlon (NYSE:REV) last released its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. The business had revenue of $645.70 million for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. Analysts predict that Revlon, Inc. will post $1.80 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its stake in Revlon by 2.1% in the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock worth $327,000 after buying an additional 280 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Revlon by 1.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after buying an additional 745 shares in the last quarter. Pioneer Investment Management Inc. purchased a new stake in shares of Revlon during the second quarter valued at $1,186,000. Finally, K.J. Harrison & Partners Inc increased its stake in shares of Revlon by 5.4% in the second quarter. K.J. Harrison & Partners Inc now owns 100,300 shares of the company’s stock valued at $2,377,000 after buying an additional 5,124 shares in the last quarter. 19.18% of the stock is currently owned by institutional investors.
Separately, BidaskClub lowered shares of Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
Revlon, Inc manufactures, markets and sells around the world a range of beauty and personal care products, including color cosmetics, hair color, hair care and hair treatments, as well as beauty tools, men’s grooming products, anti-perspirant deodorants, fragrances, skincare and other beauty care products.
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