Northern Trust Corp Trims Holdings in Revlon Inc (REV)

Northern Trust Corp lowered its position in Revlon Inc (NYSE:REV) by 16.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,330 shares of the company’s stock after selling 25,539 shares during the quarter. Northern Trust Corp owned approximately 0.24% of Revlon worth $2,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Mittleman Brothers LLC lifted its stake in Revlon by 13.3% in the second quarter. Mittleman Brothers LLC now owns 3,352,585 shares of the company’s stock valued at $58,838,000 after buying an additional 394,720 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Revlon by 81.1% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 934,389 shares of the company’s stock worth $16,399,000 after purchasing an additional 418,317 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Revlon by 400.7% during the second quarter. Bank of America Corp DE now owns 21,425 shares of the company’s stock worth $376,000 after purchasing an additional 17,146 shares during the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Revlon during the second quarter worth approximately $300,000. Finally, Paloma Partners Management Co purchased a new stake in shares of Revlon during the second quarter worth approximately $295,000. Institutional investors own 14.41% of the company’s stock.

In other Revlon news, Director Ronald O. Perelman acquired 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 21st. The shares were purchased at an average price of $20.95 per share, with a total value of $2,095,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald O. Perelman acquired 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were acquired at an average cost of $20.88 per share, for a total transaction of $417,600.00. The disclosure for this purchase can be found here. Insiders have bought 155,000 shares of company stock valued at $3,265,100 in the last 90 days. Company insiders own 85.00% of the company’s stock.

Several equities research analysts have recently commented on REV shares. ValuEngine upgraded Revlon from a “hold” rating to a “buy” rating in a research note on Wednesday, August 22nd. Zacks Investment Research upgraded Revlon from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Finally, Jefferies Financial Group restated a “hold” rating and set a $18.00 price target on shares of Revlon in a research note on Friday, August 10th.

Revlon stock opened at $26.42 on Friday. Revlon Inc has a 12 month low of $14.00 and a 12 month high of $29.62. The company has a market cap of $1.49 billion, a PE ratio of -13.69 and a beta of 0.45.

Revlon (NYSE:REV) last released its quarterly earnings results on Friday, November 9th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.54. The company had revenue of $655.40 million for the quarter, compared to analysts’ expectations of $639.60 million. During the same quarter last year, the company earned ($0.38) EPS. Revlon’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, research analysts forecast that Revlon Inc will post -3.15 EPS for the current fiscal year.

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Revlon Profile

Revlon, Inc, through its subsidiaries, manufactures, markets, distributes, and sells beauty and personal care products worldwide. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand.

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Institutional Ownership by Quarter for Revlon (NYSE:REV)

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