Kornitzer Capital Management Inc. KS Has $3.47 Million Stock Holdings in European Wax Center, Inc. (NASDAQ:EWCZ)

Kornitzer Capital Management Inc. KS reduced its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 48.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,623 shares of the company's stock after selling 243,950 shares during the quarter. Kornitzer Capital Management Inc. KS owned about 0.41% of European Wax Center worth $3,474,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in European Wax Center during the 3rd quarter valued at $31,000. Point72 Middle East FZE bought a new stake in European Wax Center during the 4th quarter valued at $41,000. UBS Group AG raised its stake in European Wax Center by 184.8% during the 3rd quarter. UBS Group AG now owns 2,842 shares of the company's stock valued at $52,000 after acquiring an additional 1,844 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in European Wax Center by 77.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,820 shares of the company's stock valued at $53,000 after acquiring an additional 1,234 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in European Wax Center by 78.3% during the 3rd quarter. Royal Bank of Canada now owns 2,888 shares of the company's stock valued at $53,000 after buying an additional 1,268 shares during the period. 82.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EWCZ. Telsey Advisory Group reiterated an "outperform" rating and set a $18.00 price objective on shares of European Wax Center in a research note on Wednesday, March 6th. Piper Sandler upped their price objective on European Wax Center from $18.00 to $20.00 and gave the company an "overweight" rating in a report on Thursday, January 11th.

European Wax Center Price Performance

Shares of NASDAQ:EWCZ traded up $0.28 during trading hours on Friday, hitting $11.58. 355,010 shares of the company's stock traded hands, compared to its average volume of 388,203. European Wax Center, Inc. has a 52 week low of $10.82 and a 52 week high of $20.19. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.98 and a current ratio of 2.52. The company's fifty day simple moving average is $13.32 and its two-hundred day simple moving average is $14.11. The company has a market cap of $703.72 million, a price-to-earnings ratio of 68.12, a price-to-earnings-growth ratio of 1.92 and a beta of 1.25.

European Wax Center (NASDAQ:EWCZ - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. European Wax Center had a return on equity of 6.69% and a net margin of 4.04%. The company had revenue of $56.33 million during the quarter, compared to the consensus estimate of $53.98 million. As a group, equities analysts anticipate that European Wax Center, Inc. will post 0.31 EPS for the current fiscal year.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.