Macandrews & Forbes Inc: Revlon Inc increased Its Stake

Revlon, Inc. (NYSE:REV) Logo

Investors sentiment decreased to 0.68 in Q1 2019. Its down 0.67, from 1.35 in 2018Q4. It dived, as 15 investors sold Revlon, Inc. shares while 23 reduced holdings. 13 funds opened positions while 13 raised stakes. 7.04 million shares or 8.40% less from 7.69 million shares in 2018Q4 were reported.

Northern Trust Corporation has invested 0% in Revlon, Inc. (NYSE:REV). Gamco Et Al accumulated 22,000 shares. Royal Bancorp Of Canada invested 0% in Revlon, Inc. (NYSE:REV). California State Teachers Retirement Systems owns 12,749 shares. Dimensional Fund Advsr Lp has 0% invested in Revlon, Inc. (NYSE:REV) for 631,263 shares. Tower Cap Ltd Liability Co (Trc) reported 0.01% in Revlon, Inc. (NYSE:REV). Retail Bank Of New York Mellon owns 0% invested in Revlon, Inc. (NYSE:REV) for 39,067 shares. Walleye Trading Limited reported 0% in Revlon, Inc. (NYSE:REV). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management owns 1.09M shares for 0.2% of their portfolio. 129,297 are owned by Profit Invest Mngmt Ltd Liability. Ameriprise Finance holds 10,659 shares. Ameritas stated it has 936 shares or 0% of all its holdings. 2,279 were reported by Citigroup. Comml Bank Of America De accumulated 2,370 shares. Carroll Financial Associate invested in 297 shares.

Since March 20, 2019, it had 7 insider buys, and 0 insider sales for $18.10 million activity.

Macandrews & Forbes Inc Reported increased Stake in Revlon Inc

Macandrews & Forbes Inc filed with SEC a SC 13D/A form for Revlon Inc . It can be found at: 000089882219000050. As reported by Macandrews & Forbes Inc, the filler increased its stake in the stock by 1.12 % for 46,223,321 shares. Macandrews & Forbes Inc currently owns 87.2% of the Consumer Staples- stock. Date of activity: August 15, 2019.

Reasons Why Macandrews & Forbes Inc Holds Revlon Inc

Purpose of Transaction

The paragraph which was added to Item 4 of the Schedule 13D in Amendment No. 2 thereto is hereby deleted and replaced with the following:

The MacAndrews & Forbes Reporting Persons and the Company have determined to explore strategic transactions involving the Company and third parties. In that regard, the MacAndrews & Forbes Reporting Persons and the Company expect from time to time to communicate with third parties as to the possibility of such transactions and related strategic, financial and other matters. An external financial advisor has been retained to assist in these efforts. As of the date of this Amendment No. 12, the MacAndrews & Forbes Reporting Persons have not formulated any specific or definitive plan or proposal relating to the matters described in this paragraph, and there can be no assurance that exploration of any transaction, to the extent undertaken, would result in interest by any third party, or result in a transaction of interest to the MacAndrews & Forbes Reporting Persons, or as to the terms of any such transaction. The MacAndrews & Forbes Reporting Persons undertake no obligation to make additional disclosures in connection therewith except to the extent required by law. The foregoing is not intended to limit the matters previously disclosed in Item 4 of the Schedule 13D.

Revlon Inc Institutional Sentiment

Filings show 67 investors own Revlon Inc . The ownership in Q3 2017 is high, at Infinity of the outstanding shares. This is increased by 592780. 7759858 were owned by these investors. 18 funds opened new Revlon Inc stakes, 21 increased positions. There were 17 that closed positions and 19 reduced them.

2 investors had the stock in their top 10. Some are: Mittleman Brothers Llc..

Daniel S. Och Oz Management Lp is an investor bullish on Revlon Inc , owning 16900 shares as of Q3 2017 for less than 0.01% of its portfolio. Symons Capital Management Inc owns 11711 shares or 0.07% of its portfolio. MD Profit Investment Management Llc have 2.27% of its portfolio for 105996 shares. Further, K-J Harrison & Partners Inc reported stake worth 0.68% of its portfolio. The NY Mittleman Brothers Llc owns 3000248 shares. Revlon Inc is 33.63% of its portfolio.

SEC Form 13D.

The stock increased 5.49% or $0.8 during the last trading session, reaching $15.36. About 543,033 shares traded or 332.43% up from the average. Revlon, Inc. (NYSE:REV) has risen 29.77% since August 16, 2018 and is uptrending. It has outperformed by 29.77% the S&P500.

Revlon, Inc., through its subsidiaries, makes, markets, distributes, and sells beauty and personal care products worldwide. The company has market cap of $814.57 million. The company's Consumer segment offers cosmetics under the Revlon, Almay, SinfulColors, and Pure Ice brands; women's hair color products under the Revlon ColorSilk brand; beauty tools under the Revlon brand; nail care products under the Cutex brand; and anti-perspirant deodorants under the Mitchum name, as well as skin care line under the Natural Honey brand and hair color line under the Llongueras brand. It currently has negative earnings. The Company’s Elizabeth Arden segment provides skin care products under the Skin Illuminating, SUPERSTART, Prevage, Eight Hour, Elizabeth Arden Ceramide, and Visible Difference Arden brands; fragrances under the Elizabeth Arden Red Door, Elizabeth Arden 5th Avenue, Elizabeth Arden Green Tea, and UNTOLD in Elizabeth Arden brands; designer fragrances under the Juicy Couture, John Varvatos, All Saints, La Perla, and Wildfox brands; and heritage fragrances under the Curve, Elizabeth Taylor, Britney Spears, Christina Aguilera, Shawn Mendes, Halston, Ed Hardy, Geoffrey Beene, Alfred Sung, Giorgio Beverly Hills, Lucky Brand, PS Fine Cologne for Men, White Shoulders, and Jennifer Aniston brands.

More notable recent Revlon, Inc. (NYSE:REV) news were published by: Seekingalpha.com which released: “Revlon Q2 2019 Earnings Preview – Seeking Alpha” on August 07, 2019, also Finance.Yahoo.com with their article: “EnWave Corporation Added to the NYSE Listed “The Cannabis ETF” – Yahoo Finance” published on August 14, 2019, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For August 8, 2019 – Benzinga” on August 08, 2019. More interesting news about Revlon, Inc. (NYSE:REV) were released by: Seekingalpha.com and their article: “Raiders Of The Lost Corporate Ark – Revlon – Seeking Alpha” published on January 25, 2019 as well as Benzinga.com‘s news article titled: “Report: Revlon Could Put Itself Up For Sale – Benzinga” with publication date: August 15, 2019.

Revlon, Inc. (NYSE:REV) Institutional Positions Chart

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