Ronald O. Perelman Acquires 280,568 Shares of Revlon, Inc. (NYSE:REV) Stock
Revlon, Inc. (NYSE:REV) Director Ronald O. Perelman acquired 280,568 shares of the company’s stock in a transaction on Thursday, August 10th. The shares were acquired at an average price of $18.66 per share, for a total transaction of $5,235,398.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Revlon, Inc. (REV) traded down 0.54% during midday trading on Friday, hitting $18.30. The stock had a trading volume of 387,055 shares. The firm’s market cap is $962.85 million. The firm has a 50-day moving average of $21.39 and a 200 day moving average of $25.55. Revlon, Inc. has a 12-month low of $15.60 and a 12-month high of $37.96.
Revlon (NYSE:REV) last announced its earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. The business had revenue of $645.70 million for the quarter. On average, analysts expect that Revlon, Inc. will post $1.80 earnings per share for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. acquired a new stake in shares of Revlon during the second quarter valued at $114,000. Rhumbline Advisers increased its stake in shares of Revlon by 2.1% in the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after buying an additional 280 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Revlon by 90.5% in the second quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock valued at $429,000 after buying an additional 8,600 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of Revlon during the second quarter valued at $531,000. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Revlon by 1.3% in the second quarter. TIAA CREF Investment Management LLC now owns 32,058 shares of the company’s stock valued at $760,000 after buying an additional 412 shares during the last quarter. Hedge funds and other institutional investors own 19.18% of the company’s stock.
Separately, BidaskClub downgraded Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
Revlon Company Profile
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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