Amundi Pioneer Asset Management Inc. Cuts Stake in Revlon, Inc. (REV)

Amundi Pioneer Asset Management Inc. trimmed its position in Revlon, Inc. (NYSE:REV) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,664 shares of the company’s stock after selling 7,361 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.08% of Revlon worth $1,047,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Advisor Group Inc. purchased a new stake in shares of Revlon during the 2nd quarter valued at about $114,000. The Manufacturers Life Insurance Company raised its holdings in shares of Revlon by 1.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,024 shares of the company’s stock valued at $261,000 after buying an additional 137 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Revlon by 625.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,337 shares of the company’s stock valued at $292,000 after buying an additional 10,637 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Revlon by 2.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 12,379 shares of the company’s stock valued at $293,000 after buying an additional 296 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Revlon by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 13,793 shares of the company’s stock valued at $327,000 after buying an additional 280 shares during the period. Institutional investors and hedge funds own 14.55% of the company’s stock.

Shares of Revlon, Inc. (REV) opened at $21.75 on Friday. The company has a debt-to-equity ratio of -3.78, a quick ratio of 0.67 and a current ratio of 1.25. Revlon, Inc. has a twelve month low of $15.60 and a twelve month high of $36.80.

Revlon (NYSE:REV) last posted its quarterly earnings data on Friday, November 3rd. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.51). Revlon had a negative return on equity of 3.09% and a negative net margin of 5.27%. The business had revenue of $666.50 million for the quarter, compared to analysts’ expectations of $604.50 million. research analysts anticipate that Revlon, Inc. will post -1.96 earnings per share for the current year.

In other Revlon news, Director Ronald O. Perelman acquired 625,151 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were bought at an average cost of $17.36 per share, for a total transaction of $10,852,621.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald O. Perelman acquired 66,684 shares of the company’s stock in a transaction on Monday, September 25th. The shares were 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. Insiders have acquired a total of 845,974 shares of company stock worth $15,445,954 over the last 90 days. 78.00% of the stock is owned by company insiders.

Several equities research analysts recently commented on REV shares. Jefferies Group started coverage on Revlon in a report on Wednesday, September 13th. They set a “hold” rating and a $16.00 target price on the stock. Zacks Investment Research downgraded Revlon from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. Finally, ValuEngine downgraded Revlon from a “hold” rating to a “sell” rating in a report on Friday, September 15th. Three research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. Revlon presently has an average rating of “Sell” and an average price target of $16.00.

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Revlon Profile

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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Institutional Ownership by Quarter for Revlon (NYSE:REV)

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