Revlon (NYSE:REV) Shares Gap Down to $8.49

Shares of Revlon, Inc. (NYSE:REV – Get Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $8.49, but opened at $8.00. Revlon shares last traded at $9.87, with a volume of 208,024 shares changing hands.

Revlon Stock Performance

The stock has a market cap of $429.15 million, a price-to-earnings ratio of -2.41 and a beta of 2.13. The stock’s 50-day simple moving average is $5.12 and its two-hundred day simple moving average is $7.00.

Revlon (NYSE:REV – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.66) by $0.52. The company had revenue of $479.60 million for the quarter, compared to analyst estimates of $480.60 million. During the same period in the prior year, the company posted ($1.55) EPS.

Hedge Funds Weigh In On Revlon

A number of large investors have recently modified their holdings of REV. Jane Street Group LLC acquired a new stake in Revlon in the first quarter worth $85,000. Panagora Asset Management Inc. bought a new position in Revlon in the first quarter valued at $141,000. KBC Group NV grew its position in Revlon by 195.3% in the fourth quarter. KBC Group NV now owns 13,423 shares of the company’s stock valued at $152,000 after purchasing an additional 8,877 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Revlon by 6.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 52,550 shares of the company’s stock valued at $425,000 after acquiring an additional 2,962 shares during the period. Finally, Engineers Gate Manager LP grew its position in shares of Revlon by 116.5% in the 1st quarter. Engineers Gate Manager LP now owns 54,362 shares of the company’s stock valued at $439,000 after acquiring an additional 29,250 shares during the period. 9.77% of the stock is currently owned by institutional investors and hedge funds.

About Revlon

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Revlon, Inc, together with 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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