Bank of New York Mellon Corp Cuts Holdings in Revlon Inc (REV)

Bank of New York Mellon Corp decreased its holdings in shares of Revlon Inc (NYSE:REV) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,453 shares of the company’s stock after selling 7,737 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.09% of Revlon worth $815,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in REV. Allianz Asset Management GmbH lifted its holdings in Revlon by 104.7% during the 1st quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock valued at $277,000 after purchasing an additional 300,000 shares during the last quarter. AMS Capital Ltda acquired a new stake in shares of Revlon during the second quarter worth $956,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Revlon by 9.0% during 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 holdings in shares of Revlon by 11.1% during the first quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 516,072 shares of the company’s stock worth $10,631,000 after buying an additional 51,683 shares in the last quarter. Finally, Mittleman Brothers LLC lifted its holdings in shares of Revlon by 13.3% during 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. 14.84% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Revlon from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 15th. Jefferies Financial Group reissued a “hold” rating and set a $18.00 target price on shares of Revlon in a report on Friday, August 10th. Finally, ValuEngine downgraded Revlon from a “buy” rating to a “hold” rating in a report on Friday, September 28th.

In other news, Director Ronald O. Perelman bought 35,000 shares of the company’s stock in a transaction dated Tuesday, September 25th. The stock was bought at an average price of $21.50 per share, with a total value of $752,500.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald O. Perelman bought 138,943 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were purchased at an average cost of $16.34 per share, with a total value of $2,270,328.62. The disclosure for this purchase can be found here. Insiders have bought 428,943 shares of company stock valued at $7,888,729 in the last three months. Insiders own 85.00% of the company’s stock.

REV opened at $24.46 on Friday. Revlon Inc has a fifty-two week low of $14.00 and a fifty-two week high of $26.84. The company has a debt-to-equity ratio of -2.70, a current ratio of 1.01 and a quick ratio of 0.53. The firm has a market cap of $1.19 billion, a PE ratio of -12.67 and a beta of 0.27.

Revlon (NYSE:REV) last posted its earnings results on Thursday, August 9th. The company reported ($1.54) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.27) by ($1.27). The firm had revenue of $606.80 million during the quarter, compared to the consensus estimate of $637.30 million. On average, sell-side analysts predict that Revlon Inc will post -3.15 EPS for the current year.

Revlon Company Profile

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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Institutional Ownership by Quarter for Revlon (NYSE:REV)

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