Cetera Advisors LLC acquired a new position in Revlon Inc (NYSE:REV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 27,655 shares of the company’s stock, valued at approximately $697,000. Cetera Advisors LLC owned 0.05% of Revlon at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in REV. Alliancebernstein L.P. lifted its position in shares of Revlon by 18.4% during the 3rd quarter. Alliancebernstein L.P. now owns 19,300 shares of the company’s stock worth $430,000 after buying an additional 3,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in Revlon by 7.2% in the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 1,001,753 shares of the company’s stock valued at $22,339,000 after purchasing an additional 67,364 shares during the last quarter. Morgan Stanley raised its position in Revlon by 51.1% in the 3rd quarter. Morgan Stanley now owns 147,900 shares of the company’s stock valued at $3,298,000 after purchasing an additional 50,039 shares during the last quarter. D.A. Davidson & CO. bought a new position in Revlon in the 4th quarter valued at $248,000. Finally, Rhumbline Advisers bought a new position in Revlon in the 4th quarter valued at $274,000. Institutional investors own 14.75% of the company’s stock.
Several equities analysts have issued reports on REV shares. ValuEngine upgraded Revlon from a “hold” rating to a “buy” rating in a research report on Tuesday, March 26th. Zacks Investment Research raised Revlon from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, March 22nd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Revlon in a research note on Tuesday, March 5th.
Shares of NYSE REV traded down $0.23 during midday trading on Friday, hitting $20.14. The stock had a trading volume of 155,103 shares, compared to its average volume of 155,990. The stock has a market capitalization of $1.06 billion, a P/E ratio of -5.46 and a beta of 0.33. Revlon Inc has a fifty-two week low of $14.00 and a fifty-two week high of $29.62.
Revlon (NYSE:REV) last released its earnings results on Monday, March 18th. The company reported ($0.86) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($1.01). The firm had revenue of $741.60 million during the quarter, compared to the consensus estimate of $749.30 million. The firm’s revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that Revlon Inc will post -1.94 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/21/cetera-advisors-llc-takes-697000-position-in-revlon-inc-rev.html.
Revlon, Inc, through its subsidiaries, develops, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Relvon segment offers color cosmetics and beauty tools under the Revlon brand; and hair color under the Revlon ColorSilk and Revlon Professional brands.
Featured Article: Trading signals using Bollinger bands
Receive News & Ratings for Revlon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Revlon and related companies with MarketBeat.com's FREE daily email newsletter.