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Teacher Retirement System of Texas grew its holdings in shares of The Beauty Health Company (NASDAQ:SKIN – Get Rating) by 18.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,118 shares of the company’s stock after purchasing an additional 3,190 shares during the period. Teacher Retirement System of Texas’ holdings in Beauty Health were worth $340,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC increased its holdings in shares of Beauty Health by 589.7% in the 1st quarter. SG Americas Securities LLC now owns 36,290 shares of the company’s stock worth $613,000 after acquiring an additional 31,028 shares during the period. Bfsg LLC acquired a new stake in shares of Beauty Health in the 1st quarter worth about $878,000. Centiva Capital LP bought a new position in Beauty Health in the 4th quarter valued at about $2,557,000. Skylands Capital LLC bought a new position in Beauty Health in the 1st quarter valued at about $471,000. Finally, Citigroup Inc. grew its position in Beauty Health by 29.2% in the 4th quarter. Citigroup Inc. now owns 126,307 shares of the company’s stock valued at $3,053,000 after buying an additional 28,523 shares in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
Beauty Health Trading Down 2.5 %
NASDAQ SKIN opened at $11.86 on Friday. The Beauty Health Company has a 1-year low of $9.94 and a 1-year high of $30.17. The company has a current ratio of 11.44, a quick ratio of 10.59 and a debt-to-equity ratio of 2.08. The company has a market capitalization of $1.77 billion, a PE ratio of -6.15 and a beta of 1.40. The firm’s fifty day simple moving average is $13.19 and its 200-day simple moving average is $14.26.
Wall Street Analysts Forecast Growth
SKIN has been the subject of a number of recent analyst reports. DA Davidson increased their target price on shares of Beauty Health from $24.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, August 10th. Canaccord Genuity Group reduced their price objective on shares of Beauty Health from $22.00 to $20.00 in a research report on Thursday, June 30th. The Goldman Sachs Group reduced their price objective on shares of Beauty Health from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Tuesday, August 16th. Canaccord Genuity Group reduced their price objective on shares of Beauty Health from $22.00 to $20.00 and set a “buy” rating for the company in a research report on Thursday, June 30th. Finally, Piper Sandler reduced their price objective on shares of Beauty Health from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, August 10th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.33.
Beauty Health Company Profile
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The Beauty Health Company designs, develops, manufactures, markets, and sells aesthetic technologies and products worldwide. The company’s flagship product includes HydraFacial that enhance the skin to cleanse, peel, exfoliate, extract, infuse, and hydrate the skin with proprietary solutions and serums.
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