Key Points
- Insider selling: Lemuel Deon Levingston sold 5,646 Radio One shares at an average price of $4.15, reducing his direct holdings by 77.92% to 1,600 shares. He also sold 4,816 shares in earlier August transactions at $5.40 each.
- Weak financial performance: Radio One reported a quarterly loss of $1.58 per share on $85.76 million in revenue, alongside a negative net margin and negative return on equity.
- Bearish outlook: The stock opened at $4.79, near its 12-month low of $4.63, while its average analyst rating remained “Sell.” Institutional investors own 8.23% of the company.
Radio One, Inc. (NASDAQ:UONE - Get Free Report) insider Lemuel Deon Levingston sold 5,646 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $4.15, for a total value of $23,430.90. Following the completion of the sale, the insider directly owned 1,600 shares of the company's stock, valued at $6,640. This trade represents a 77.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Lemuel Deon Levingston also recently made the following trade(s):
- On Tuesday, August 11th, Lemuel Deon Levingston sold 2,891 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total value of $15,611.40.
- On Monday, August 10th, Lemuel Deon Levingston sold 88 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total value of $475.20.
- On Friday, August 7th, Lemuel Deon Levingston sold 1,677 shares of Radio One stock. The stock was sold at an average price of $5.40, for a total value of $9,055.80.
- On Thursday, August 6th, Lemuel Deon Levingston sold 160 shares of Radio One stock. The shares were sold at an average price of $5.40, for a total transaction of $864.00.
Radio One Stock Performance
NASDAQ UONE opened at $4.79 on Thursday. The company has a market cap of $22.10 million, a P/E ratio of -0.32 and a beta of 0.81. The company has a fifty day simple moving average of $5.05 and a 200 day simple moving average of $6.44. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 20.77. Radio One, Inc. has a 12-month low of $4.63 and a 12-month high of $18.50.
Radio One (NASDAQ:UONE - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($1.58) earnings per share for the quarter. Radio One had a negative return on equity of 7.13% and a negative net margin of 19.04%.The business had revenue of $85.76 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Radio One in a report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of "Sell".
Get Our Latest Stock Analysis on UONE
Institutional Investors Weigh In On Radio One
Several institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its position in Radio One by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 88,564 shares of the company's stock valued at $91,000 after buying an additional 3,294 shares during the last quarter. Barclays PLC lifted its stake in Radio One by 11.5% during the 4th quarter. Barclays PLC now owns 78,410 shares of the company's stock valued at $81,000 after acquiring an additional 8,098 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in Radio One during the 2nd quarter worth $84,000. Institutional investors own 8.23% of the company's stock.
Radio One Company Profile
(
Get Free Report)
Urban One, Inc, formerly known as Radio One, Inc, is a media company primarily serving African-American and urban audiences across the United States. The company's core business activities center on radio broadcasting, operating a portfolio of urban-format radio stations that deliver music, news, and community-focused programming. Urban One's radio network spans key metropolitan markets including Washington, DC, Atlanta, Philadelphia, and Minneapolis, among others.
In addition to its terrestrial radio operations, Urban One has expanded into digital media to engage listeners online.
Further Reading
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