Radio One (NASDAQ:UONEK) Issues Earnings Results

Radio One (NASDAQ:UONEK) released its quarterly earnings data on Tuesday. The company reported $0.54 EPS for the quarter, Zacks reports. Radio One had a negative net margin of 38.41% and a positive return on equity of 32.35%.

Radio One Stock Performance

NASDAQ UONEK opened at $5.77 on Wednesday. Radio One has a 1 year low of $3.58 and a 1 year high of $10.90. The company has a debt-to-equity ratio of 17.92, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $26.08 million, a PE ratio of -0.19 and a beta of 0.37. The company’s 50 day simple moving average is $4.69 and its two-hundred day simple moving average is $5.87.

Hedge Funds Weigh In On Radio One

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC grew its stake 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 valued at $136,000 after buying an additional 2,474 shares during the last quarter. Barclays PLC lifted its position in Radio One by 48.9% in the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after purchasing an additional 382,559 shares during the last quarter. Finally, Zazove Associates LLC boosted its stake in shares of Radio One by 1.2% during the fourth quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after purchasing an additional 58,732 shares during the period. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Radio One currently has a consensus rating of “Sell”.

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.