Citizens Financial Group Inc. RI Buys Shares of 99,166 AirSculpt Technologies, Inc. (NASDAQ:AIRS)

Key Points

• Citizens Financial Group Inc. has made a new investment of approximately $232,000 in AirSculpt Technologies, acquiring 99,166 shares and holding about 0.17% of the company.
• Several other major investors, including JPMorgan Chase & Co. and Bank of America Corp DE, have also increased their stakes in AirSculpt Technologies during the fourth quarter.
• AirSculpt Technologies reported earnings of $0.02 per share, matching consensus estimates, though it had a negative return on equity of 15.63% and a revenue of $44.01 million for the quarter.

Citizens Financial Group Inc. RI bought a new position in shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 99,166 shares of the company's stock, valued at approximately $232,000. Citizens Financial Group Inc. RI owned about 0.17% of AirSculpt Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in AIRS. Bank of America Corp DE boosted its holdings in AirSculpt Technologies by 14.8% in the fourth quarter. Bank of America Corp DE now owns 22,313 shares of the company's stock valued at $116,000 after acquiring an additional 2,884 shares during the last quarter. Jane Street Group LLC bought a new position in AirSculpt Technologies in the fourth quarter valued at about $288,000. Tower Research Capital LLC TRC boosted its holdings in AirSculpt Technologies by 264.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,395 shares of the company's stock valued at $28,000 after acquiring an additional 3,914 shares during the last quarter. XTX Topco Ltd bought a new position in AirSculpt Technologies in the fourth quarter valued at about $138,000. Finally, Barclays PLC boosted its holdings in AirSculpt Technologies by 9.9% in the fourth quarter. Barclays PLC now owns 20,991 shares of the company's stock valued at $109,000 after acquiring an additional 1,891 shares during the last quarter. Institutional investors own 91.54% of the company's stock.

AirSculpt Technologies Trading Up 5.0%

AirSculpt Technologies stock traded up $0.31 during mid-day trading on Monday, hitting $6.55. The stock had a trading volume of 788,654 shares, compared to its average volume of 778,436. The stock has a 50-day simple moving average of $5.44 and a two-hundred day simple moving average of $4.15. The stock has a market capitalization of $408.98 million, a PE ratio of -26.20 and a beta of 2.50. AirSculpt Technologies, Inc. has a 12 month low of $1.53 and a 12 month high of $9.20. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.58.

AirSculpt Technologies (NASDAQ:AIRS - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. AirSculpt Technologies had a negative return on equity of 15.63% and a negative net margin of 8.79%. The business had revenue of $44.01 million for the quarter, compared to analysts' expectations of $45.59 million. During the same quarter last year, the business earned $0.09 earnings per share. As a group, sell-side analysts forecast that AirSculpt Technologies, Inc. will post -0.01 EPS for the current year.

About AirSculpt Technologies

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.