California Public Employees Retirement System Has $1.80 Million Holdings in Revlon, Inc. (REV)
California Public Employees Retirement System raised its stake in Revlon, Inc. (NYSE:REV) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,100 shares of the company’s stock after acquiring an additional 6,400 shares during the period. California Public Employees Retirement System owned about 0.14% of Revlon worth $1,804,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Mittleman Brothers LLC grew its position in Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after acquiring an additional 22,111 shares during the period. Vanguard Group Inc. grew its position in Revlon by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,002,936 shares of the company’s stock valued at $23,770,000 after acquiring an additional 39,526 shares during the period. K.J. Harrison & Partners Inc grew its position in 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 acquiring an additional 5,124 shares during the period. Schwab Charles Investment Management Inc. grew its position in 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 acquiring an additional 745 shares during the period. Finally, Pioneer Investment Management Inc. bought a new stake in Revlon in the second quarter valued at $1,186,000. Hedge funds and other institutional investors own 14.13% of the company’s stock.
Shares of Revlon, Inc. (REV) opened at $22.20 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of -3.95. Revlon, Inc. has a 1-year low of $15.60 and a 1-year high of $36.80.
Revlon (NYSE:REV) last announced its earnings results on Friday, November 3rd. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.51). The business had revenue of $666.50 million for the quarter, compared to the consensus estimate of $604.50 million. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. equities analysts predict that Revlon, Inc. will post -1.11 earnings per share for the current year.
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REV has been the topic of a number of analyst reports. BidaskClub cut Revlon from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. ValuEngine cut Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Finally, Jefferies Group LLC started coverage on Revlon in a report on Wednesday, September 13th. They set a “hold” rating and a $16.00 target price on the stock.
In other Revlon news, Director Ronald O. Perelman bought 419,127 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of $18.55 per share, for a total transaction of $7,774,805.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald O. Perelman bought 280,568 shares of the firm’s stock in a transaction dated 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 disclosure for this purchase can be found here. Insiders have bought 1,698,314 shares of company stock worth $31,129,986 in the last 90 days. Company insiders own 78.00% of the company’s stock.
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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