Security Benefit Life Insurance Co. KS purchased a new stake in shares of FIGS, Inc. (NYSE:FIGS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,516,803 shares of the company's stock, valued at approximately $6,962,000. FIGS accounts for approximately 2.6% of Security Benefit Life Insurance Co. KS's holdings, making the stock its 5th biggest position. Security Benefit Life Insurance Co. KS owned about 0.93% of FIGS as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in FIGS by 585.8% in the first quarter. GAMMA Investing LLC now owns 6,536 shares of the company's stock worth $30,000 after purchasing an additional 5,583 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of FIGS during the first quarter valued at approximately $66,000. Stifel Financial Corp purchased a new stake in shares of FIGS during the fourth quarter valued at approximately $70,000. Cibc World Markets Corp purchased a new stake in shares of FIGS during the fourth quarter valued at approximately $75,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of FIGS during the fourth quarter valued at approximately $82,000. Hedge funds and other institutional investors own 92.21% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on FIGS shares. The Goldman Sachs Group lowered their price objective on shares of FIGS from $4.25 to $3.75 and set a "sell" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered their price objective on shares of FIGS from $4.75 to $4.25 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Telsey Advisory Group restated a "market perform" rating and set a $5.00 price objective on shares of FIGS in a research report on Tuesday, May 13th. Finally, Barclays restated a "positive" rating on shares of FIGS in a research report on Tuesday, May 13th.
Check Out Our Latest Stock Report on FIGS
FIGS Trading Down 2.7%
FIGS traded down $0.17 during trading on Friday, hitting $6.00. 2,143,159 shares of the company traded hands, compared to its average volume of 2,619,969. The company has a market cap of $974.49 million, a PE ratio of 600.10 and a beta of 1.32. The stock's 50-day simple moving average is $5.10 and its two-hundred day simple moving average is $5.05. FIGS, Inc. has a 1 year low of $3.57 and a 1 year high of $7.06.
About FIGS
(
Free Report)
FIGS, Inc operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States and internationally. It designs and sells healthcare apparel and scrubwear and non-scrubwear offerings, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other apparel.
See Also
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