Revlon (NYSE:REV) Stock Price Down 5.1%

Revlon, Inc. (NYSE:REV)’s stock price traded down 5.1% during trading on Thursday . The company traded as low as $11.02 and last traded at $11.06. 7,324 shares changed hands during trading, a decline of 94% from the average session volume of 120,083 shares. The stock had previously closed at $11.66.

Separately, Zacks Investment Research lowered shares of Revlon from a “hold” rating to a “sell” rating in a report on Wednesday.

The company has a fifty day simple moving average of $13.09. The company has a market cap of $582.28 million, a price-to-earnings ratio of -1.25 and a beta of 2.86.

Revlon (NYSE:REV) last issued its quarterly earnings results on Monday, May 10th. The company reported ($1.55) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.08) by ($0.47). The business had revenue of $445.00 million for the quarter, compared to analysts’ expectations of $520.20 million. Sell-side analysts expect that Revlon, Inc. will post -3.47 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. CWM Advisors LLC increased its stake in Revlon by 7.2% in the 1st quarter. CWM Advisors LLC now owns 17,280 shares of the company’s stock valued at $213,000 after buying an additional 1,160 shares during the last quarter. Rhumbline Advisers grew its position in shares of Revlon by 12.9% in the 4th quarter. Rhumbline Advisers now owns 12,133 shares of the company’s stock valued at $144,000 after acquiring an additional 1,384 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Revlon by 114.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,103 shares of the company’s stock valued at $38,000 after acquiring an additional 1,653 shares during the period. Schonfeld Strategic Advisors LLC grew its position in shares of Revlon by 11.3% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 16,800 shares of the company’s stock valued at $207,000 after acquiring an additional 1,700 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Revlon by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $532,000 after acquiring an additional 1,799 shares during the period. Hedge funds and other institutional investors own 10.36% of the company’s stock.

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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