Panagora Asset Management Inc. Reduces Holdings in Urban One, Inc. (NASDAQ:UONEK)

Panagora Asset Management Inc. cut its position in Urban One, Inc. (NASDAQ:UONEK) by 14.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 72,553 shares of the company’s stock after selling 11,991 shares during the quarter. Panagora Asset Management Inc.’s holdings in Urban One were worth $256,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Gladius Capital Management LP acquired a new stake in Urban One during the 3rd quarter valued at approximately $32,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Urban One by 1,428.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,024 shares of the company’s stock valued at $40,000 after buying an additional 7,499 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Urban One during the third quarter worth approximately $58,000. Barclays PLC increased its stake in shares of Urban One by 12.5% in the third quarter. Barclays PLC now owns 731,295 shares of the company’s stock worth $3,678,000 after buying an additional 81,087 shares during the last quarter. Finally, Zazove Associates LLC raised its holdings in Urban One by 0.4% in the fourth quarter. Zazove Associates LLC now owns 2,464,165 shares of the company’s stock valued at $8,699,000 after acquiring an additional 10,000 shares in the last quarter. 19.70% of the stock is owned by institutional investors and hedge funds.

Urban One Price Performance

Shares of UONEK stock opened at $1.60 on Friday. The firm has a fifty day moving average of $1.76 and a two-hundred day moving average of $2.93. The firm has a market cap of $78.27 million, a P/E ratio of 7.62 and a beta of 0.65. Urban One, Inc. has a 1-year low of $1.50 and a 1-year high of $6.34. The company has a debt-to-equity ratio of 2.57, a current ratio of 3.73 and a quick ratio of 3.73.

About Urban One

Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.