2 weeks Ago By ABMN Staff
Federated Hermes Inc. reduced its position in shares of The Beauty Health Company ( NASDAQ:SKIN – Free Report ) by 56.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 164,212 shares of the company’s stock after selling 210,548 shares during the period. Federated Hermes Inc.’s holdings in Beauty Health were worth $261,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Beauty Health during the 4th quarter worth $25,000.
Sanctuary Advisors LLC grew its position in Beauty Health by 49.2% in the third quarter. Sanctuary Advisors LLC now owns 36,695 shares of the company’s stock valued at $52,000 after acquiring an additional 12,103 shares during the last quarter.
SG Americas Securities LLC raised its stake in Beauty Health by 38.2% during the fourth quarter. SG Americas Securities LLC now owns 35,290 shares of the company’s stock worth $56,000 after acquiring an additional 9,749 shares in the last quarter.
Pilgrim Partners Asia Pte Ltd bought a new position in shares of Beauty Health in the fourth quarter worth about $57,000. Finally, Orion Portfolio Solutions LLC bought a new position in shares of Beauty Health in the third quarter worth about $65,000. 93.
26% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Separately, Canaccord Genuity Group lowered their price objective on shares of Beauty Health from $1.75 to $1.
50 and set a “hold” rating for the company in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $2.
50. Beauty Health Stock Performance Shares of SKIN stock opened at $0.85 on Friday.
The firm has a market capitalization of $105.93 million, a price-to-earnings ratio of -2.01 and a beta of 0.
84. The company has a current ratio of 6.56, a quick ratio of 5.
57 and a debt-to-equity ratio of 9.23. The business’s 50-day moving average price is $1.
31 and its 200-day moving average price is $1.50. The Beauty Health Company has a 12 month low of $0.
83 and a 12 month high of $3.63. Beauty Health ( NASDAQ:SKIN – Get Free Report ) last posted its earnings results on Wednesday, March 12th.
The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.
02. Beauty Health had a negative net margin of 8.11% and a negative return on equity of 44.
83%. The business had revenue of $83.50 million for the quarter, compared to the consensus estimate of $78.
02 million. During the same period last year, the company earned ($0.07) EPS.
Equities research analysts forecast that The Beauty Health Company will post -0.25 EPS for the current year. About Beauty Health ( Free Report ) The Beauty Health Company designs, develops, manufactures, markets, and sells aesthetic technologies and products worldwide.
The company's flagship product includes HydraFacial that enhance the skin to cleanse, extract, and hydrate the skin with proprietary solutions and serums. Its products also comprise Syndeo, a Delivery System designs to connects providers to the consumer's preferences to create a more personalized experience; consumables, such as single-use tips, solutions, and serums used to provide a hydrafacial treatment; SkinStylus SteriLock Microsystem, a microneedling device used for the treatment of enhancing appearance of surgical or traumatic hypertrophic scars on the abdomen and facial acne scarring in Fitzpatrick skin types I, II, and III; and Keravive, a treatment for scalp health. Further Reading Want to see what other hedge funds are holding SKIN? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for The Beauty Health Company ( NASDAQ:SKIN – Free Report ). Receive News & Ratings for Beauty Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beauty Health and related companies with MarketBeat.com's FREE daily email newsletter .
.
