Morgan Stanley lifted its holdings in shares of Urban One Inc (NASDAQ:UONEK) by 8.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 71,350 shares of the company’s stock after acquiring an additional 5,842 shares during the period. Morgan Stanley’s holdings in Urban One were worth $140,000 at the end of the most recent quarter.

Separately, Zazove Associates LLC boosted its stake in Urban One by 12.3% during the 2nd quarter. Zazove Associates LLC now owns 3,206,874 shares of the company’s stock worth $6,285,000 after acquiring an additional 350,228 shares during the last quarter. Hedge funds and other institutional investors own 27.73% of the company’s stock.

Separately, ValuEngine lowered shares of Urban One from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Urban One stock opened at $2.05 on Friday. The company has a debt-to-equity ratio of 5.08, a current ratio of 1.72 and a quick ratio of 1.72. Urban One Inc has a fifty-two week low of $1.60 and a fifty-two week high of $2.41. The firm has a market capitalization of $97.67 million, a price-to-earnings ratio of 0.73 and a beta of 0.83. The company’s 50 day simple moving average is $2.10 and its 200 day simple moving average is $2.00.

Urban One Company Profile

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, Reach Media, Digital, and Cable Television. The Radio Broadcasting segment includes radio broadcasting operations that primarily target African-American and urban listeners.

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Institutional Ownership by Quarter for Urban One (NASDAQ:UONEK)

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