Crcm LP Has $1.83 Million Stock Holdings in PLBY Group, Inc. $PLBY

Key Points

• Crcm LP reduced its stake in PLBY Group, Inc. by 45.9%, holding 1,662,752 shares worth $1.83 million, making it the firm's third-largest investment.
• PLBY Group reported a revenue of $28.15 million for the last quarter, exceeding analysts' expectations, while maintaining an earnings per share (EPS) of ($0.04).
• Wall Street Zen downgraded PLBY Group's rating from "hold" to "sell," with the stock's average target price set at $3.00.

Crcm LP trimmed its holdings in PLBY Group, Inc. (NASDAQ:PLBY - Free Report) by 45.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662,752 shares of the company's stock after selling 1,411,648 shares during the quarter. PLBY Group comprises 0.7% of Crcm LP's portfolio, making the stock its 3rd largest holding. Crcm LP owned about 1.77% of PLBY Group worth $1,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of PLBY Group by 29.8% during the 4th quarter. Geode Capital Management LLC now owns 719,299 shares of the company's stock valued at $1,050,000 after purchasing an additional 165,092 shares during the period. Renaissance Technologies LLC increased its position in shares of PLBY Group by 2,004.2% during the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company's stock valued at $387,000 after purchasing an additional 252,526 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of PLBY Group during the 4th quarter valued at $41,000. Two Sigma Securities LLC acquired a new position in shares of PLBY Group during the 4th quarter valued at $87,000. Finally, Jane Street Group LLC acquired a new position in shares of PLBY Group during the 4th quarter valued at $115,000. 32.46% of the stock is owned by institutional investors.

PLBY Group Price Performance

Shares of PLBY traded down $0.03 during mid-day trading on Friday, reaching $1.64. The company's stock had a trading volume of 136,058 shares, compared to its average volume of 300,781. The business has a fifty day moving average of $1.73 and a 200 day moving average of $1.46. PLBY Group, Inc. has a 1 year low of $0.52 and a 1 year high of $2.44.

PLBY Group (NASDAQ:PLBY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.04) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.04). The business had revenue of $28.15 million for the quarter, compared to the consensus estimate of $26.85 million. PLBY Group had a negative net margin of 60.96% and a negative return on equity of 1,460.70%. Equities analysts forecast that PLBY Group, Inc. will post -1.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of PLBY Group from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Strong Buy" and an average target price of $3.00.

About PLBY Group

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.