Radio One (NASDAQ:UONEK) Posts Quarterly Earnings Results

Radio One (NASDAQ:UONEK) issued its earnings results on Thursday. The company reported ($0.69) EPS for the quarter, Zacks reports. The firm had revenue of $77.65 million during the quarter. Radio One had a negative net margin of 39.23% and a positive return on equity of 16.99%.

Radio One Price Performance

Shares of NASDAQ:UONEK traded up $0.16 during midday trading on Friday, hitting $5.18. The stock had a trading volume of 1,181 shares, compared to its average volume of 7,583. The company’s 50-day moving average price is $5.70 and its 200-day moving average price is $7.12. The company has a market capitalization of $23.34 million, a P/E ratio of -0.16 and a beta of 0.29. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 17.47. Radio One has a fifty-two week low of $4.50 and a fifty-two week high of $14.00.

Hedge Funds Weigh In On Radio One

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Zazove Associates LLC raised its position in shares of 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 buying an additional 58,732 shares in the last quarter. Barclays PLC raised its position in shares of Radio One by 48.9% in 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 increased its position in Radio One by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 158,629 shares of the company’s stock worth $136,000 after purchasing an additional 2,474 shares in the last quarter. 19.70% of the stock is currently owned by institutional investors and hedge funds.

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.