Revlon (NYSE:REV) Shares Up 7.1%

Revlon Inc (NYSE:REV) shares shot up 7.1% during mid-day trading on Thursday . The stock traded as high as $6.79 and last traded at $6.77. 155,201 shares were traded during mid-day trading, an increase of 18% from the average session volume of 131,942 shares. The stock had previously closed at $6.32.

Separately, Zacks Investment Research lowered Revlon from a “hold” rating to a “sell” rating in a research report on Friday, June 12th.

The company has a 50-day moving average of $7.31 and a 200-day moving average of $9.47. The firm has a market capitalization of $378.62 million, a price-to-earnings ratio of -1.00 and a beta of 0.88.

Revlon (NYSE:REV) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($1.56) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.04) by ($0.52). The company had revenue of $347.60 million during the quarter, compared to analyst estimates of $426.10 million. On average, sell-side analysts forecast that Revlon Inc will post -3.24 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its position in Revlon by 64.9% during the 1st quarter. Citigroup Inc. now owns 2,423 shares of the company’s stock worth $26,000 after acquiring an additional 954 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Revlon by 94.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,537 shares of the company’s stock worth $28,000 after acquiring an additional 1,229 shares during the last quarter. UBS Group AG boosted its position in Revlon by 124.9% during the 2nd quarter. UBS Group AG now owns 4,166 shares of the company’s stock worth $41,000 after acquiring an additional 20,880 shares during the last quarter. Bank of America Corp DE boosted its position in Revlon by 208.5% during the 2nd quarter. Bank of America Corp DE now owns 5,509 shares of the company’s stock worth $55,000 after acquiring an additional 3,723 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Revlon by 184.1% during the 1st quarter. JPMorgan Chase & Co. now owns 10,950 shares of the company’s stock worth $119,000 after acquiring an additional 23,973 shares during the last quarter. 10.60% of the stock is owned by hedge funds and other institutional investors.

About Revlon (NYSE:REV)

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.

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