Radio One (NASDAQ:UONEK – Get Free Report) announced its earnings results on Thursday. The company reported ($0.69) earnings per share (EPS) for the quarter, Zacks reports. Radio One had a positive return on equity of 16.99% and a negative net margin of 39.23%.
Radio One Trading Down 8.6%
Shares of Radio One stock traded down $0.47 on Thursday, reaching $5.02. 10,404 shares of the company were exchanged, compared to its average volume of 7,670. The stock has a fifty day moving average price of $5.75 and a 200-day moving average price of $7.12. The firm has a market capitalization of $22.67 million, a price-to-earnings ratio of -0.15 and a beta of 0.29. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 17.47. Radio One has a fifty-two week low of $4.50 and a fifty-two week high of $14.00.
Institutional Investors Weigh In On Radio One
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Zazove Associates LLC raised its position 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 worth $4,295,000 after purchasing an additional 58,732 shares during the period. Barclays PLC raised its position in shares of Radio One by 48.9% during the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after purchasing an additional 382,559 shares during the period. Finally, Geode Capital Management LLC raised its position 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 period. 19.70% of the stock is owned by institutional investors and hedge funds.
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.
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