Radio One (NASDAQ:UONEK) Releases Earnings Results

Radio One (NASDAQ:UONEK) posted its quarterly earnings data on Tuesday. The company reported $0.54 earnings per share (EPS) for the quarter, Zacks reports. Radio One had a positive return on equity of 32.35% and a negative net margin of 38.41%.

Radio One Stock Down 0.9%

Shares of NASDAQ UONEK opened at $5.00 on Tuesday. The stock has a market cap of $22.62 million, a P/E ratio of -0.16 and a beta of 0.37. The business’s fifty day simple moving average is $4.67 and its 200-day simple moving average is $5.88. Radio One has a 12-month low of $3.58 and a 12-month high of $10.90. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 17.92.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Radio One in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Radio One has a consensus rating of “Sell”.

Institutional Investors Weigh In On Radio One

Several large investors have recently bought and sold shares of the stock. Zazove Associates LLC raised its position in Radio One by 1.2% in the 4th quarter. Zazove Associates LLC now owns 5,083,163 shares of the company’s stock valued at $4,295,000 after purchasing an additional 58,732 shares in the last quarter. Barclays PLC grew its position in shares of Radio One by 48.9% during the fourth quarter. Barclays PLC now owns 1,165,563 shares of the company’s stock worth $1,001,000 after buying an additional 382,559 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Radio One by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after buying an additional 2,474 shares in the last quarter. Hedge funds and other institutional investors own 19.70% of the company’s stock.

Radio One Company Profile

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.