Radio One (NASDAQ:UONEK) Announces Quarterly Earnings Results

Radio One (NASDAQ:UONEK) announced its earnings results on Tuesday. The company reported $0.54 earnings per share for the quarter, Zacks reports. Radio One had a negative net margin of 19.04% and a negative return on equity of 6.16%. The company had revenue of $85.76 million during the quarter.

Radio One Trading Down 1.6%

Shares of NASDAQ UONEK traded down $0.09 during trading on Thursday, reaching $5.29. The stock had a trading volume of 2,597 shares, compared to its average volume of 25,398. The company has a debt-to-equity ratio of 17.92, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market cap of $23.89 million, a P/E ratio of -0.35 and a beta of 0.37. Radio One has a fifty-two week low of $3.58 and a fifty-two week high of $10.90. The business’s 50-day moving average price is $4.71 and its 200-day moving average price is $5.84.

Hedge Funds Weigh In On Radio One

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Radio One by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock valued at $136,000 after acquiring an additional 2,474 shares in the last quarter. Barclays PLC lifted 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 purchasing an additional 382,559 shares in the last quarter. Finally, Zazove Associates LLC boosted its stake in shares of Radio One by 1.2% in the fourth 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 during the period. 19.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Radio One in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Radio One currently has an average rating of “Sell”.

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.