SBC Medical Group (NASDAQ:SBC) Rating Lowered to "Hold" at Wall Street Zen

Key Points

• SBC Medical Group has been downgraded by Wall Street Zen from a "buy" to a "hold" rating.
• The company's recent quarterly earnings reported an EPS of $0.02, significantly missing the consensus estimate of $0.14.
• Institutional investors hold 60.82% of SBC Medical Group's stock, indicating strong interest from hedge funds in the company.

SBC Medical Group (NASDAQ:SBC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Friday.

SBC Medical Group Price Performance

Shares of SBC traded up $0.03 during trading hours on Friday, reaching $4.49. The stock had a trading volume of 64,900 shares, compared to its average volume of 45,847. SBC Medical Group has a 12 month low of $2.62 and a 12 month high of $12.50. The stock has a market capitalization of $466.42 million, a PE ratio of 14.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.95 and a current ratio of 3.98. The company's 50-day moving average is $4.53 and its two-hundred day moving average is $4.14.

SBC Medical Group (NASDAQ:SBC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.12). SBC Medical Group had a net margin of 17.71% and a return on equity of 20.76%. The firm had revenue of $43.36 million during the quarter, compared to the consensus estimate of $44.71 million. Research analysts expect that SBC Medical Group will post 5.02 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SBC. Geode Capital Management LLC bought a new position in SBC Medical Group during the 2nd quarter worth $455,000. SBI Securities Co. Ltd. raised its position in SBC Medical Group by 227.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 54,177 shares of the company's stock worth $251,000 after purchasing an additional 37,623 shares during the last quarter. New York State Common Retirement Fund acquired a new stake in SBC Medical Group during the 2nd quarter worth about $104,000. Finally, XTX Topco Ltd acquired a new stake in SBC Medical Group during the 2nd quarter worth about $64,000. 60.82% of the stock is owned by institutional investors.

About SBC Medical Group

SBC Medical Group Holdings Incorporated, through its subsidiaries, provides services to support the operation of clinics which deliver specialized medical services in the areas of cosmetic medicine, esthetic dentistry and Androgenetic Alopecia or AGA, primarily in Japan and centered on the SBC Shonan Beauty Clinic Brand.