Radio One (NASDAQ:UONEK) Posts Quarterly Earnings Results

Radio One (NASDAQ:UONEK) announced its quarterly earnings data on Thursday. The company reported ($0.69) earnings per share for the quarter, Zacks reports. Radio One had a negative net margin of 38.41% and a positive return on equity of 27.27%. The company had revenue of $77.65 million for the quarter.

Radio One Stock Performance

Radio One stock traded up $0.09 during trading hours on Friday, hitting $5.11. 15,389 shares of the stock traded hands, compared to its average volume of 18,783. The stock has a market capitalization of $23.05 million, a price-to-earnings ratio of -0.17 and a beta of 0.29. Radio One has a 1 year low of $4.50 and a 1 year high of $14.00. The firm’s 50 day moving average price is $5.64 and its 200-day moving average price is $7.10. The company has a debt-to-equity ratio of 17.47, a current ratio of 2.10 and a quick ratio of 2.10.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UONEK. Zazove Associates LLC raised its holdings in Radio One by 1.2% in the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after purchasing an additional 58,732 shares during the period. Barclays PLC grew its stake in Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares during the last quarter. 19.70% of the stock is owned by institutional investors and hedge funds.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.