MACANDREWS & FORBES INC.
stated that they own 82.7% of Revlon, Inc. (NYSE:REV) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Wednesday, August 9th. The investor owns 43,528,587 shares of the stock worth about $759,573,843. The reporting parties listed on the disclosure included Ronald O Perelman, MacAndrews & Forbes Incorporated, REV Holdings LLC, Mafco Four LLC, MFV Holdings One LLC, RCH Holdings One Inc, SGMS Acquisition Two LLC, DBX Holdings One LLC, NDX Holdings One LLC, MacAndrews & Forbes Group, LLC, SGMS Acquisition Three LLC, Perelman Trust Company, LLC, RLX Holdings One LLC, RLX Holdings Two LLC, RLX Holdings Three LLC and RLX Holdings Four LLC. The disclosure is available through EDGAR at this link.
MACANDREWS & FORBES INC.
provided the following explanation of their ownership:
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Several other large investors have also added to or reduced their stakes in the stock. K.J. Harrison & Partners Inc increased 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 buying an additional 5,124 shares during the period. Pioneer Investment Management Inc. acquired a new stake in shares of Revlon during the second quarter valued at about $1,186,000. Rhumbline Advisers increased its stake in shares of Revlon by 2.1% in the second quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after buying an additional 280 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of 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 buying an additional 745 shares during the period. 16.27% of the stock is currently owned by institutional investors.
Revlon, Inc. (NYSE REV) traded up 0.87% during trading on Friday, reaching $17.45. The company’s stock had a trading volume of 420,828 shares. The firm’s market capitalization is $918.13 million. The stock has a 50-day moving average of $20.43 and a 200 day moving average of $24.89. Revlon, Inc. has a one year low of $15.60 and a one year high of $37.96.
Revlon (NYSE:REV) last announced its quarterly earnings results on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative return on equity of 3.09% and a negative net margin of 4.35%. The business had revenue of $645.70 million for the quarter. On average, equities research analysts predict that Revlon, Inc. will post $1.80 EPS for the current fiscal year.
Separately, BidaskClub raised Revlon from a “sell” rating to a “hold” rating in a research note on Saturday, June 24th.
In other Revlon news, Director Ronald O. Perelman purchased 291,901 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was purchased at an average cost of $21.44 per share, with a total value of $6,258,357.44. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ronald O. Perelman purchased 120,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were 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. Over the last ninety days, insiders have purchased 2,305,133 shares of company stock valued at $46,381,274. 78.00% of the stock is owned by corporate insiders.
Revlon Company Profile
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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