Bridgeway Capital Management LLC increased its holdings in shares of The Beauty Health Company (NASDAQ:SKIN - Free Report) by 13.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,211,600 shares of the company's stock after purchasing an additional 145,000 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.98% of Beauty Health worth $1,926,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in SKIN. Raymond James Financial Inc. bought a new position in Beauty Health in the 4th quarter worth approximately $25,000. SG Americas Securities LLC boosted its position in shares of 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 during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in Beauty Health during the fourth quarter valued at $57,000. Renaissance Technologies LLC bought a new stake in Beauty Health in the 4th quarter valued at $64,000. Finally, Newman Dignan & Sheerar Inc. boosted its holdings in shares of Beauty Health by 39.1% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 71,144 shares of the company's stock valued at $113,000 after purchasing an additional 20,000 shares during the last quarter. Hedge funds and other institutional investors own 93.26% of the company's stock.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group decreased their target price on Beauty Health from $1.50 to $1.25 and set a "hold" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $2.45.
Check Out Our Latest Report on SKIN
Beauty Health Stock Performance
Shares of NASDAQ:SKIN opened at $1.83 on Friday. The firm has a fifty day simple moving average of $1.18 and a two-hundred day simple moving average of $1.45. The company has a quick ratio of 5.57, a current ratio of 6.56 and a debt-to-equity ratio of 9.23. The stock has a market capitalization of $229.14 million, a P/E ratio of -4.36 and a beta of 0.88. The Beauty Health Company has a 52 week low of $0.78 and a 52 week high of $3.59.
Beauty Health (NASDAQ:SKIN - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.05. The company had revenue of $69.60 million for the quarter, compared to analysts' expectations of $63.88 million. Beauty Health had a negative return on equity of 44.83% and a negative net margin of 8.11%. On average, analysts expect that The Beauty Health Company will post -0.25 earnings per share for the current fiscal 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.
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