Zacks Research Upgrades Betterware de Mexico SAPI de C (NYSE:BWMX) to Hold

Key Points

• Zacks Research upgraded Betterware de México from “strong sell” to “hold,” while the broader analyst consensus remains “Moderate Buy.”
• BWMX shares opened at $16.52, with a market capitalization of approximately $652 million; the stock has traded between $12.34 and $19.79 over the past year.
• Insiders purchased 200,762 shares worth about $3.3 million during the last quarter, while institutional investors own 12.72% of the company.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) was upgraded by equities researchers at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Tuesday, Zacks reports.

A number of other equities research analysts have also issued reports on BWMX. Wall Street Zen upgraded Betterware de Mexico SAPI de C from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 5th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Betterware de Mexico SAPI de C in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Betterware de Mexico SAPI de C Trading Down 1.4%

BWMX stock opened at $16.52 on Tuesday. The business has a fifty day simple moving average of $16.49 and a 200-day simple moving average of $17.14. Betterware de Mexico SAPI de C has a 52 week low of $12.34 and a 52 week high of $19.79. The company has a quick ratio of 0.57, a current ratio of 1.11 and a debt-to-equity ratio of 2.96. The company has a market cap of $652.18 million, a price-to-earnings ratio of 9.02 and a beta of 1.04.

Betterware de Mexico SAPI de C (NYSE:BWMX - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.57 EPS for the quarter. The company had revenue of $237.83 million for the quarter. Betterware de Mexico SAPI de C had a return on equity of 77.89% and a net margin of 8.35%. On average, equities research analysts expect that Betterware de Mexico SAPI de C will post 2.5 EPS for the current year.

Insider Buying and Selling

In other Betterware de Mexico SAPI de C news, Chairman Luis Campos bought 46,830 shares of Betterware de Mexico SAPI de C stock in a transaction dated Monday, July 27th. The stock was bought at an average price of $16.41 per share, for a total transaction of $768,480.30. Following the completion of the acquisition, the chairman directly owned 20,249,565 shares of the company's stock, valued at approximately $332,295,361.65. This trade represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Santiago Campos Chevallier bought 15,000 shares of the company's stock in a transaction dated Wednesday, September 16th. The stock was acquired at an average price of $16.46 per share, for a total transaction of $246,900.00. Following the acquisition, the insider directly owned 95,000 shares in the company, valued at $1,563,700. This trade represents a 18.75% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 200,762 shares of company stock valued at $3,306,350.

Institutional Trading of Betterware de Mexico SAPI de C

A number of institutional investors have recently added to or reduced their stakes in the business. Sei Investments Co. acquired a new stake in shares of Betterware de Mexico SAPI de C in the 1st quarter valued at $613,000. Arrowstreet Capital Limited Partnership raised its holdings in Betterware de Mexico SAPI de C by 177.8% during the first quarter. Arrowstreet Capital Limited Partnership now owns 72,582 shares of the company's stock valued at $1,224,000 after buying an additional 46,452 shares in the last quarter. Lazard Asset Management LLC bought a new position in Betterware de Mexico SAPI de C during the first quarter valued at about $785,000. NewEdge Advisors LLC lifted its position in shares of Betterware de Mexico SAPI de C by 48.6% in the second quarter. NewEdge Advisors LLC now owns 19,796 shares of the company's stock worth $356,000 after buying an additional 6,475 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Betterware de Mexico SAPI de C in the first quarter worth about $29,000. 12.72% of the stock is currently owned by institutional investors and hedge funds.

About Betterware de Mexico SAPI de C

Betterware de México, SAP.I. de C.V. is a Mexico-based direct-to-consumer company that develops, markets and distributes products designed to improve household organization and everyday living. Its product portfolio has included storage and organization solutions, kitchen and cleaning products, home accessories, personal-care items and other consumer goods.

The company primarily reaches customers through an independent sales force and catalog- and digitally supported direct-selling channels.

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