E Scott Beattie Sells 20,000 Shares of Revlon Inc (NYSE:REV) Stock

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Revlon Inc (NYSE:REV) Director E Scott Beattie sold 20,000 shares of the business’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $23.24, for a total value of $464,800.00. Following the completion of the transaction, the director now owns 73,458 shares in the company, valued at approximately $1,707,163.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NYSE:REV traded up $0.11 during mid-day trading on Friday, hitting $24.46. 271,779 shares of the company’s stock traded hands, compared to its average volume of 132,182. Revlon Inc has a 12 month low of $14.00 and a 12 month high of $26.80. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -12.67 and a beta of 0.27. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of -2.70.

Revlon (NYSE:REV) last announced its earnings results on Thursday, August 9th. The company reported ($1.54) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($1.27). The company had revenue of $606.80 million during the quarter, compared to analysts’ expectations of $637.30 million. Analysts anticipate that Revlon Inc will post -3.15 EPS for the current year.

A number of institutional investors have recently bought and sold shares of REV. Schwab Charles Investment Management Inc. raised its holdings in Revlon by 9.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 63,315 shares of the company’s stock valued at $1,305,000 after acquiring an additional 5,240 shares in the last quarter. OZ Management LP acquired a new position in shares of Revlon in the 1st quarter worth approximately $1,378,000. Allianz Asset Management GmbH raised its holdings in shares of Revlon by 104.7% in the 1st quarter. Allianz Asset Management GmbH now owns 13,464 shares of the company’s stock worth $277,000 after buying an additional 300,000 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its holdings in shares of Revlon by 11.1% in the 1st quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 516,072 shares of the company’s stock worth $10,631,000 after buying an additional 51,683 shares in the last quarter. Finally, AMS Capital Ltda acquired a new position in shares of Revlon in the 2nd quarter worth approximately $956,000. 14.84% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on REV. Zacks Investment Research upgraded Revlon from a “strong sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine upgraded Revlon from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $18.00 price target on shares of Revlon in a research note on Friday, August 10th.

About Revlon

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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Insider Buying and Selling by Quarter for Revlon (NYSE:REV)

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