Revlon Inc (REV) Director Ronald O. Perelman Buys 100,000 Shares of Stock

Revlon Inc (NYSE:REV) Director Ronald O. Perelman bought 100,000 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were purchased at an average price of $20.95 per share, for a total transaction of $2,095,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of REV stock opened at $22.15 on Tuesday. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -11.79 and a beta of 0.36. Revlon Inc has a 52 week low of $14.00 and a 52 week high of $27.90. The company has a debt-to-equity ratio of -2.70, a quick ratio of 0.53 and a current ratio of 1.01.

Revlon (NYSE:REV) last announced its quarterly earnings results on Thursday, August 9th. The company reported ($1.54) EPS for the quarter, missing the consensus estimate of ($0.27) by ($1.27). The business had revenue of $606.80 million for the quarter, compared to analyst estimates of $637.30 million. equities analysts expect that Revlon Inc will post -3.15 earnings per share for the current fiscal year.

REV has been the topic of a number of analyst reports. ValuEngine upgraded shares of Revlon from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Revlon from a “sell” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Jefferies Financial Group restated a “hold” rating and set a $18.00 target price on shares of Revlon in a research note on Friday, August 10th.

A number of hedge funds have recently made changes to their positions in REV. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in Revlon by 81.1% in the 2nd 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 purchasing an additional 418,317 shares in the last quarter. Mittleman Brothers LLC lifted its stake in Revlon by 13.3% in the 2nd quarter. Mittleman Brothers LLC now owns 3,352,585 shares of the company’s stock worth $58,838,000 after purchasing an additional 394,720 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Revlon by 104.7% in the 1st quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock worth $277,000 after purchasing an additional 300,000 shares in the last quarter. OZ Management LP purchased a new stake in Revlon in the 1st quarter worth $1,378,000. Finally, AMS Capital Ltda purchased a new stake in Revlon in the 2nd quarter worth $956,000. Institutional investors and hedge funds own 14.84% of the company’s stock.

About Revlon

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.

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