An issue of Revlon, Inc. (NYSE:REV) bonds rose 0.7% against their face value during trading on Monday. The high-yield issue of debt has a 5.75% coupon and is set to mature on February 15, 2021. The debt is now trading at $87.48 and was trading at $90.00 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.
Separately, BidaskClub downgraded Revlon from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th.
Shares of Revlon, Inc. (NYSE:REV) opened at 17.45 on Friday. The firm’s market cap is $918.13 million. Revlon, Inc. has a 1-year low of $15.60 and a 1-year high of $37.96. The firm has a 50 day moving average price of $20.43 and a 200 day moving average price of $24.89.
Revlon (NYSE:REV) last released its quarterly earnings data on Friday, August 4th. The company reported ($0.46) earnings per share for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. The company had revenue of $645.70 million for the quarter. Analysts anticipate that Revlon, Inc. will post $1.80 EPS for the current year.
In related news, Director Ronald O. Perelman acquired 120,618 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was purchased at an average cost of $22.91 per share, with a total value of $2,763,358.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ronald O. Perelman bought 120,000 shares of Revlon stock in a transaction 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. Insiders have bought 2,305,133 shares of company stock valued at $46,381,274 over the last three months. 78.00% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. 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 in the last quarter. Advisor Group Inc. acquired a new stake in shares of Revlon during the second quarter worth approximately $114,000. California Public Employees Retirement System boosted its stake in shares of Revlon by 9.2% in the second quarter. California Public Employees Retirement System now owns 76,100 shares of the company’s stock worth $1,804,000 after buying an additional 6,400 shares in the last quarter. 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 in the last quarter. Finally, Thrivent Financial For Lutherans acquired a new stake in shares of Revlon during the second quarter worth approximately $531,000. 16.27% of the stock is owned by institutional investors and hedge funds.
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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