Vanguard Group Inc. raised its stake in shares of Revlon, Inc. (NYSE:REV) by 4.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,002,936 shares of the company’s stock after purchasing an additional 39,526 shares during the period. Vanguard Group Inc. owned 1.91% of Revlon worth $23,770,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thrivent Financial For Lutherans purchased a new position in Revlon during the second quarter valued at $531,000. TIAA CREF Investment Management LLC lifted its holdings in Revlon by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 32,058 shares of the company’s stock valued at $760,000 after purchasing an additional 412 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Revlon by 32.3% during the second quarter. Teachers Advisors LLC now owns 33,030 shares of the company’s stock valued at $783,000 after purchasing an additional 8,070 shares in the last quarter. Mittleman Brothers LLC lifted its holdings in Revlon by 1.0% during the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after purchasing an additional 22,111 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Revlon by 90.5% during the second quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock valued at $429,000 after purchasing an additional 8,600 shares in the last quarter. 14.06% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ronald O. Perelman bought 66,684 shares of Revlon stock in a transaction on Monday, September 25th. The shares were bought at an average cost of $20.03 per share, with a total value of $1,335,680.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald O. Perelman bought 47,355 shares of Revlon stock in a transaction on Monday, November 6th. The shares were purchased at an average cost of $22.43 per share, for a total transaction of $1,062,172.65. The disclosure for this purchase can be found here. Over the last three months, insiders bought 845,974 shares of company stock worth $15,445,954. Insiders own 78.00% of the company’s stock.
Revlon, Inc. (REV) opened at $22.25 on Tuesday. The company has a debt-to-equity ratio of -3.78, a quick ratio of 0.67 and a current ratio of 1.25. Revlon, Inc. has a 52 week low of $15.60 and a 52 week high of $36.80.
Revlon (NYSE:REV) last posted its quarterly earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.51). The business had revenue of $666.50 million during the quarter, compared to analysts’ expectations of $604.50 million. Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. equities analysts expect that Revlon, Inc. will post -1.96 EPS for the current year.
REV has been the topic of several research reports. Jefferies Group LLC initiated coverage on shares of Revlon in a research note on Wednesday, September 13th. They issued a “hold” rating and a $16.00 price target on the stock. BidaskClub downgraded shares of Revlon from a “sell” rating to a “strong sell” rating in a research note on Monday, July 24th. Finally, ValuEngine downgraded shares of Revlon from a “hold” rating to a “sell” rating in a research note on Friday, September 15th.
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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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