Revlon, Inc. (NYSE:REV) Bonds Trading 1% Higher
An issue of Revlon, Inc. (NYSE:REV) debt rose 1% against its face value during trading on Friday. The high-yield issue of debt has a 5.75% coupon and will mature on February 15, 2021. The debt is now trading at $89.40 and was trading at $84.00 one week ago. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its share price.
Separately, BidaskClub upgraded shares of Revlon from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th.
Shares of Revlon, Inc. (REV) traded down 0.54% during trading on Friday, hitting $18.30. 387,055 shares of the stock were exchanged. The firm’s 50-day moving average is $21.39 and its 200 day moving average is $25.55. The company’s market cap is $962.85 million. Revlon, Inc. has a 1-year low of $15.60 and a 1-year high of $37.96.
Revlon (NYSE:REV) last released its quarterly earnings data on Friday, August 4th. The company reported ($0.46) EPS for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The company had revenue of $645.70 million for the quarter. Equities analysts forecast that Revlon, Inc. will post $1.80 earnings per share for the current fiscal year.
In other Revlon news, Director Ronald O. Perelman bought 225,000 shares of Revlon stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $19.38 per share, with a total value of $4,360,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald O. Perelman bought 120,000 shares of Revlon stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $18.66 per share, with a total value of $2,239,200.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 2,530,133 shares of company stock valued at $50,741,774. 78.00% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Pioneer Investment Management Inc. acquired a new stake in shares of Revlon during the second quarter worth about $1,186,000. Vanguard Group Inc. boosted its stake in shares of Revlon by 4.1% in the second quarter. Vanguard Group Inc. now owns 1,002,936 shares of the company’s stock worth $23,770,000 after buying an additional 39,526 shares during the last quarter. Thrivent Financial For Lutherans acquired a new stake in shares of Revlon during the second quarter worth about $531,000. Mittleman Brothers LLC boosted its stake in shares of Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock worth $54,611,000 after buying an additional 22,111 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Revlon by 53.1% in the second quarter. Parametric Portfolio Associates LLC now owns 34,422 shares of the company’s stock worth $816,000 after buying an additional 11,935 shares during the last quarter. 19.18% of the stock is owned by institutional investors.
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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