Radio One (NASDAQ:UONEK) Issues Earnings Results

Radio One (NASDAQ:UONEK) issued its earnings results on Thursday. The company reported $0.20 EPS for the quarter, Zacks reports. Radio One had a negative net margin of 32.55% and a positive return on equity of 1.85%. The business had revenue of $97.83 million for the quarter.

Radio One Stock Performance

Shares of Radio One stock traded down $1.20 during midday trading on Friday, hitting $5.80. The company had a trading volume of 4,577 shares, compared to its average volume of 4,175. The company has a fifty day simple moving average of $8.11 and a 200 day simple moving average of $7.72. The stock has a market cap of $26.10 million, a price-to-earnings ratio of -0.20 and a beta of 0.41. The company has a quick ratio of 2.59, a current ratio of 2.59 and a debt-to-equity ratio of 6.14. Radio One has a 12-month low of $4.40 and a 12-month high of $14.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Trading of Radio One

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after acquiring an additional 382,559 shares during the period. Zazove Associates LLC increased its stake in shares of Radio One by 1.2% in the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock worth $4,295,000 after acquiring an additional 58,732 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares during the last quarter. Institutional investors and hedge funds own 19.70% of the company’s stock.

Radio One Company Profile

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.