Ronald O. Perelman Buys 100,000 Shares of Revlon Inc (REV) Stock
Revlon Inc (NYSE:REV) Director Ronald O. Perelman bought 100,000 shares of the company’s stock in a transaction dated Friday, September 21st. The stock was bought at an average price of $20.95 per share, for a total transaction of $2,095,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of NYSE REV opened at $22.15 on Tuesday. Revlon Inc has a 52-week low of $14.00 and a 52-week high of $27.90. The stock has a market capitalization of $1.13 billion, a PE ratio of -11.79 and a beta of 0.36. The company has a current ratio of 1.01, a quick ratio of 0.53 and a debt-to-equity ratio of -2.70.
Revlon (NYSE:REV) last announced its earnings results on Thursday, August 9th. The company reported ($1.54) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($1.27). The firm had revenue of $606.80 million for the quarter, compared to analyst estimates of $637.30 million. research analysts predict that Revlon Inc will post -3.15 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH lifted its stake in shares of Revlon by 104.7% in the first quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock worth $277,000 after buying an additional 300,000 shares in the last quarter. Mittleman Brothers LLC lifted its stake in shares of Revlon by 13.3% in the second quarter. Mittleman Brothers LLC now owns 3,352,585 shares of the company’s stock worth $58,838,000 after buying an additional 394,720 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Revlon by 9.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 63,315 shares of the company’s stock worth $1,305,000 after buying an additional 5,240 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in shares of Revlon by 81.1% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 934,389 shares of the company’s stock worth $16,399,000 after buying an additional 418,317 shares in the last quarter. Finally, OZ Management LP purchased a new position in shares of Revlon in the first quarter worth about $1,378,000. 14.84% of the stock is currently owned by hedge funds and other institutional investors.
Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.
Featured Story: Dow Jones Industrial Average (DJIA)
Receive News & Ratings for Revlon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon and related companies with MarketBeat.com's FREE daily email newsletter.