Radio One (NASDAQ:UONEK) Issues Quarterly Earnings Results

Radio One (NASDAQ:UONEK) announced its quarterly earnings data on Tuesday. The company reported $0.54 EPS for the quarter, Zacks reports. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%.

Radio One Price Performance

Shares of NASDAQ UONEK opened at $5.00 on Tuesday. The company has a debt-to-equity ratio of 17.92, a quick ratio of 1.84 and a current ratio of 1.84. Radio One has a fifty-two week low of $3.58 and a fifty-two week high of $10.90. The firm has a market capitalization of $22.62 million, a PE ratio of -0.16 and a beta of 0.37. The stock’s 50-day simple moving average is $4.67 and its 200-day simple moving average is $5.88.

Hedge Funds Weigh In On Radio One

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Radio One by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after purchasing an additional 2,474 shares during the period. Zazove Associates LLC grew its stake in shares of Radio One by 1.2% during 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. Finally, Barclays PLC increased its holdings in Radio One by 48.9% in the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after buying an additional 382,559 shares in the last quarter. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Radio One presently has an average rating of “Sell”.

Radio One Company Profile

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.