Shares of Urban One (NASDAQ UONEK) opened at $2.00 on Friday. Urban One has a fifty-two week low of $1.35 and a fifty-two week high of $3.50. The company has a market cap of $101.82, a price-to-earnings ratio of 0.87 and a beta of 0.01. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of -12.31.
Several hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its holdings in shares of Urban One by 22.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 304,696 shares of the company’s stock valued at $503,000 after buying an additional 56,445 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Urban One during the 2nd quarter valued at $279,000. Dimensional Fund Advisors LP bought a new stake in shares of Urban One during the 2nd quarter valued at $5,982,000. Vanguard Group Inc. bought a new stake in shares of Urban One during the 2nd quarter valued at $2,067,000. Finally, Northern Trust Corp bought a new position in Urban One in the 2nd quarter worth about $116,000. Hedge funds and other institutional investors own 37.09% of the company’s stock.
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Urban One, Inc, formerly Radio One, Inc, together with its subsidiaries, is an urban-oriented, multi-media company. The Company’s radio broadcasting franchise business primarily targets African-American and urban listeners. It operates through four segments: radio broadcasting; Reach Media, Inc (Reach Media); Internet, and cable television.
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