Urban One, Inc. (NASDAQ:UONE – Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.82 and traded as low as $3.75. Urban One shares last traded at $3.99, with a volume of 81,081 shares changing hands.
Urban One Price Performance
The firm has a market cap of $194.95 million, a price-to-earnings ratio of 5.87 and a beta of 1.34. The firm has a 50 day moving average price of $5.26 and a 200-day moving average price of $5.81.
Hedge Funds Weigh In On Urban One
Several large investors have recently made changes to their positions in UONE. Dimensional Fund Advisors LP lifted its stake in shares of Urban One by 65.9% during the third quarter. Dimensional Fund Advisors LP now owns 300,148 shares of the company’s stock valued at $1,588,000 after acquiring an additional 119,277 shares during the period. State Street Corp acquired a new position in shares of Urban One during the second quarter valued at $473,000. Barclays PLC lifted its stake in shares of Urban One by 39.8% during the first quarter. Barclays PLC now owns 254,819 shares of the company’s stock valued at $1,924,000 after acquiring an additional 72,594 shares during the period. Susquehanna International Group LLP lifted its stake in Urban One by 58.9% in the first quarter. Susquehanna International Group LLP now owns 121,939 shares of the company’s stock valued at $921,000 after buying an additional 45,177 shares during the period. Finally, Northern Trust Corp lifted its stake in Urban One by 221.2% in the second quarter. Northern Trust Corp now owns 64,091 shares of the company’s stock valued at $350,000 after buying an additional 44,138 shares during the period. Institutional investors and hedge funds own 6.71% of the company’s stock.
About Urban One
(Get Free Report)
Urban One, Inc, together with its subsidiaries, operates as an urban-oriented multi-media company in the United States. The company operates through four segments: Radio Broadcasting, Cable Television, Reach Media, and Digital. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.
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