Radio One, Inc. (NASDAQ:UONEK – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 101,975 shares, a growth of 1,243.9% from the June 30th total of 7,588 shares. Based on an average daily volume of 216,408 shares, the days-to-cover ratio is currently 0.5 days. Approximately 4.6% of the shares of the stock are sold short.
Institutional Investors Weigh In On Radio One
Institutional investors have recently added to or reduced their stakes in 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 valued at $4,295,000 after buying an additional 58,732 shares during the last quarter. Barclays PLC boosted 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 acquiring an additional 382,559 shares during the last quarter. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 2,474 shares during the last quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Radio One in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Radio One Price Performance
Shares of NASDAQ UONEK traded up $0.14 during mid-day trading on Friday, reaching $5.08. The company’s stock had a trading volume of 8,718 shares, compared to its average volume of 128,554. The firm has a market capitalization of $22.96 million, a PE ratio of -0.16 and a beta of 0.37. 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 fifty day moving average of $4.64 and a two-hundred day moving average of $6.05. Radio One has a 52 week low of $3.58 and a 52 week high of $10.90.
Radio One (NASDAQ:UONEK – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.69) earnings per share (EPS) for the quarter. The business had revenue of $77.65 million for the quarter. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.
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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