TIAA CREF Investment Management LLC increased its stake in Revlon, Inc. (NYSE:REV) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,058 shares of the company’s stock after buying an additional 412 shares during the quarter. TIAA CREF Investment Management LLC owned approximately 0.06% of Revlon worth $760,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in REV. Rhumbline Advisers lifted its holdings in Revlon by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after purchasing an additional 280 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Revlon by 90.5% during the 2nd quarter. Alliancebernstein L.P. now owns 18,100 shares of the company’s stock valued at $429,000 after purchasing an additional 8,600 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Revlon by 32.3% during the 2nd quarter. Teachers Advisors LLC now owns 33,030 shares of the company’s stock valued at $783,000 after purchasing an additional 8,070 shares during the last quarter. Pioneer Investment Management Inc. acquired a new stake in Revlon during the 2nd quarter valued at $1,186,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Revlon by 1.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock valued at $1,461,000 after purchasing an additional 745 shares during the last quarter. 14.06% of the stock is owned by institutional investors.
In related news, Director Ronald O. Perelman purchased 625,151 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were bought at an average price of $17.36 per share, for a total transaction of $10,852,621.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald O. Perelman purchased 47,355 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average price of $22.43 per share, for a total transaction of $1,062,172.65. The disclosure for this purchase can be found here. Insiders have bought 845,974 shares of company stock valued at $15,445,954 in the last three months. Insiders own 78.00% of the company’s stock.
Several equities research analysts have issued reports on the company. ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Jefferies Group LLC assumed coverage on Revlon in a report on Wednesday, September 13th. They set a “hold” rating and a $16.00 price target for the company. Finally, BidaskClub downgraded Revlon from a “sell” rating to a “strong sell” rating in a report on Monday, July 24th.
Shares of Revlon, Inc. (NYSE REV) opened at $22.25 on Tuesday. Revlon, Inc. has a twelve month low of $15.60 and a twelve month high of $36.80. The company has a debt-to-equity ratio of -3.78, a quick ratio of 0.67 and a current ratio of 1.25.
Revlon (NYSE:REV) last posted its earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.51). Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. The firm had revenue of $666.50 million for the quarter, compared to analyst estimates of $604.50 million. sell-side analysts predict that Revlon, Inc. will post -1.96 earnings per share for the current fiscal year.
Revlon Company Profile
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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