Radio One (NASDAQ:UONEK) Posts Earnings Results

Radio One (NASDAQ:UONEK) announced its quarterly earnings results 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 Price Performance

UONEK traded up $0.04 during trading on Tuesday, reaching $5.09. The stock had a trading volume of 680 shares, compared to its average volume of 25,585. The firm has a market capitalization of $23.03 million, a price-to-earnings ratio of -0.16 and a beta of 0.37. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 17.92. Radio One has a 1-year low of $3.58 and a 1-year high of $10.90. The stock has a 50 day moving average of $4.67 and a two-hundred day moving average of $5.88.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Radio One

Hedge funds have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Radio One by 48.9% in the fourth 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. Zazove Associates LLC raised its stake in 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 purchasing an additional 58,732 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 valued at $136,000 after buying an additional 2,474 shares in the last quarter. 19.70% of the stock is currently owned by institutional investors and hedge funds.

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.