Radio One (NASDAQ:UONEK) Posts Earnings Results

Radio One (NASDAQ:UONEK) released its quarterly earnings results on Thursday. The company reported ($0.69) earnings per share (EPS) for the quarter, Zacks reports. Radio One had a negative net margin of 39.23% and a positive return on equity of 16.99%.

Radio One Stock Performance

Shares of UONEK stock traded down $0.47 during trading hours on Thursday, reaching $5.02. 10,404 shares of the company traded hands, compared to its average volume of 7,670. Radio One has a 12-month low of $4.50 and a 12-month high of $14.00. The company has a debt-to-equity ratio of 17.47, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market cap of $22.67 million, a P/E ratio of -0.15 and a beta of 0.29. The firm has a 50-day moving average price of $5.75 and a 200 day moving average price of $7.12.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Zazove Associates LLC lifted its position in shares of Radio One by 1.2% during the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after buying an additional 58,732 shares in the last quarter. Barclays PLC lifted its position in shares of Radio One by 48.9% during the 4th quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock valued at $1,001,000 after buying an additional 382,559 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Radio One by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after buying an additional 2,474 shares in the last quarter. 19.70% of the stock is owned by hedge funds and other institutional investors.

About Radio One

Radio One (NASDAQ: UONEK), doing business as Urban One, Inc, is a leading media company focused on serving African-American and urban audiences across the United States. The company operates a diversified portfolio of radio broadcasting properties, digital platforms and outdoor advertising assets. Its radio division comprises a network of stations in major U.S. markets, where it delivers music programming, news, cultural content and community outreach initiatives.

Founded in 1980 by industry pioneer Cathy Hughes, Radio One completed its initial public offering in 1999, becoming one of the first African-American-controlled firms listed on a major U.S.