Revlon, Inc. (REV) Bond Prices Rise 1%
An issue of Revlon, Inc. (NYSE:REV) bonds rose 1% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 5.75% coupon and will mature on February 15, 2021. The debt is now trading at $89.40 and was trading at $84.00 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.
Separately, BidaskClub downgraded shares of Revlon from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
Shares of Revlon, Inc. (NYSE:REV) opened at 18.30 on Friday. The firm’s market cap is $962.85 million. Revlon, Inc. has a one year low of $15.60 and a one year high of $37.96. The stock’s 50 day moving average is $21.25 and its 200-day moving average is $25.44.
Revlon (NYSE:REV) last announced its quarterly earnings data on Friday, August 4th. The company reported ($0.46) earnings per share (EPS) for the quarter. The firm had revenue of $645.70 million for the quarter. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. Analysts anticipate that Revlon, Inc. will post $1.80 EPS for the current fiscal year.
In other news, Director Ronald O. Perelman acquired 120,000 shares of Revlon stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $18.66 per share, with a total value of $2,239,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald O. Perelman acquired 347,028 shares of Revlon stock in a transaction that occurred on Monday, June 12th. The shares were purchased at an average cost of $19.59 per share, for a total transaction of $6,798,278.52. The disclosure for this purchase can be found here. Insiders have purchased 2,530,133 shares of company stock worth $50,741,774 in the last three months. Insiders own 78.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in REV. K.J. Harrison & Partners Inc increased its position in shares of 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 last quarter. Parametric Portfolio Associates LLC increased its position 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 valued at $816,000 after buying an additional 11,935 shares during the last quarter. Advisor Group Inc. purchased a new position in shares of Revlon during the second quarter valued at about $114,000. California Public Employees Retirement System increased its position 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 valued at $1,804,000 after buying an additional 6,400 shares during the last quarter. Finally, Vanguard Group Inc. increased its position 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 valued at $23,770,000 after buying an additional 39,526 shares during the last quarter. 19.18% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “Revlon, Inc. (REV) Bond Prices Rise 1%” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.thecerbatgem.com/2017/08/12/revlon-inc-rev-bond-prices-rise-1.html.
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.
Receive News & Stock Ratings for Revlon Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon Inc. and related stocks with our FREE daily email newsletter.