An issue of Revlon, Inc. (NYSE:REV) bonds rose 1% as a percentage of their face value during trading on Thursday. The debt issue has a 6.25% coupon and will mature on August 1, 2024. The debt is now trading at $57.50 and was trading at $60.94 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its stock price.

A number of equities analysts have issued reports on REV shares. Zacks Investment Research downgraded Revlon from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 15th. ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a research report on Friday, September 15th. Finally, Jefferies Group LLC started coverage on Revlon in a research report on Wednesday, September 13th. They set a “hold” rating and a $16.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and one has given a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average price target of $16.00.

Revlon, Inc. (REV) traded down $0.10 during midday trading on Thursday, hitting $20.90. The stock had a trading volume of 189,500 shares, compared to its average volume of 226,435. Revlon, Inc. has a 1-year low of $15.60 and a 1-year high of $36.80. The company has a current ratio of 1.25, a quick ratio of 0.67 and a debt-to-equity ratio of -3.78.

Revlon (NYSE:REV) last released its earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.51). The firm had revenue of $666.50 million during the quarter, compared to analysts’ expectations of $604.50 million. Revlon had a negative net margin of 5.27% and a negative return on equity of 3.09%. research analysts predict that Revlon, Inc. will post -1.96 earnings per share for the current fiscal year.

In other news, Director Ronald O. Perelman bought 47,355 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were acquired at an average price of $22.43 per share, for a total transaction of $1,062,172.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald O. Perelman bought 66,684 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was purchased at an average price of $20.03 per share, for a total transaction of $1,335,680.52. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 845,974 shares of company stock worth $15,445,954. Company insiders own 78.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mittleman Brothers LLC lifted its position in shares of Revlon by 1.0% in the second quarter. Mittleman Brothers LLC now owns 2,304,282 shares of the company’s stock valued at $54,611,000 after acquiring an additional 22,111 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in shares of Revlon in the second quarter valued at approximately $741,000. Profit Investment Management LLC lifted its position in shares of Revlon by 170.8% in the third quarter. Profit Investment Management LLC now owns 105,996 shares of the company’s stock valued at $2,602,000 after acquiring an additional 66,848 shares in the last quarter. Alliancebernstein L.P. lifted its position in shares of Revlon by 90.5% in the second quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock valued at $429,000 after acquiring an additional 8,600 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Revlon by 625.7% in the second quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after acquiring an additional 10,637 shares in the last quarter. Institutional investors and hedge funds own 14.95% of the company’s stock.

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About Revlon

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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