Stock Traders Buy High Volume of Put Options on Revlon (REV)
Revlon, Inc. (NYSE:REV) was the target of some unusual options trading on Thursday. Stock traders bought 2,667 put options on the company. This represents an increase of approximately Infinity compared to the average volume of 0 put options.
In other Revlon news, Director Ronald O. Perelman acquired 280,568 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $18.66 per share, for a total transaction of $5,235,398.88. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ronald O. Perelman acquired 66,684 shares of the company’s stock in a transaction dated Monday, September 25th. The stock was acquired at an average price of $20.03 per share, for a total transaction of $1,335,680.52. The disclosure for this purchase can be found here. In the last quarter, insiders bought 1,698,314 shares of company stock worth $31,129,986. Company insiders own 78.00% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Revlon by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after purchasing an additional 137 shares during the period. Rhumbline Advisers lifted its position in Revlon by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock worth $327,000 after acquiring an additional 280 shares during the period. Goldman Sachs Group Inc. lifted its position in Revlon by 2.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock worth $293,000 after acquiring an additional 296 shares during the period. TIAA CREF Investment Management LLC lifted its position in Revlon by 1.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 32,058 shares of the company’s stock worth $760,000 after acquiring an additional 412 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Revlon by 1.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 61,610 shares of the company’s stock worth $1,461,000 after acquiring an additional 745 shares during the period. 14.13% of the stock is owned by hedge funds and other institutional investors.
REV has been the topic of a number of recent analyst reports. Jefferies Group LLC initiated coverage on Revlon in a report on Wednesday, September 13th. They issued a “hold” rating and a $16.00 price objective on the stock. BidaskClub downgraded Revlon from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. Finally, ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th.
Shares of Revlon (NYSE REV) opened at $22.20 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.73 and a debt-to-equity ratio of -3.95. Revlon has a 1 year low of $15.60 and a 1 year high of $36.80.
Revlon (NYSE:REV) last announced its earnings results on Friday, November 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.51). The firm had revenue of $666.50 million during the quarter, compared to analyst estimates of $604.50 million. Revlon had a negative net margin of 4.35% and a negative return on equity of 3.09%. equities research analysts anticipate that Revlon will post -1.11 EPS for the current fiscal year.
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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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