Morgan Stanley Has $140,000 Stake in Urban One Inc (NASDAQ:UONEK)
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 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.
Recommended Story: What causes a stock to be most active?
Want to see what other hedge funds are holding UONEK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Urban One Inc (NASDAQ:UONEK).
Receive News & Ratings for Urban One Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Urban One and related companies with MarketBeat.com's FREE daily email newsletter.