Prescott Group Capital Management L.L.C. Sells 532,440 Shares of The Beauty Health Company $SKIN

Prescott Group Capital Management L.L.C. lessened its stake in The Beauty Health Company (NASDAQ:SKIN) by 63.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 303,499 shares of the company’s stock after selling 532,440 shares during the quarter. Prescott Group Capital Management L.L.C. owned about 0.24% of Beauty Health worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new stake in shares of Beauty Health in the 1st quarter valued at $40,000. ProShare Advisors LLC boosted its holdings in Beauty Health by 45.5% in the second quarter. ProShare Advisors LLC now owns 23,447 shares of the company’s stock valued at $45,000 after acquiring an additional 7,336 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Beauty Health by 87.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 31,408 shares of the company’s stock worth $60,000 after purchasing an additional 14,653 shares during the period. Caprock Group LLC bought a new stake in Beauty Health during the 3rd quarter worth about $62,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Beauty Health by 33.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,488 shares of the company’s stock worth $79,000 after purchasing an additional 10,410 shares during the last quarter. 93.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SKIN. TD Cowen raised their target price on shares of Beauty Health from $1.50 to $1.65 and gave the company a “hold” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beauty Health in a research note on Friday, October 31st. Jefferies Financial Group reaffirmed a “hold” rating and set a $1.60 target price on shares of Beauty Health in a report on Wednesday, January 14th. Wall Street Zen downgraded Beauty Health from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Zacks Research lowered Beauty Health from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Beauty Health has an average rating of “Reduce” and a consensus price target of $2.40.

Beauty Health Trading Down 1.9%

SKIN opened at $1.04 on Friday. The firm’s fifty day moving average is $1.44 and its two-hundred day moving average is $1.65. The firm has a market cap of $132.60 million, a PE ratio of -4.73 and a beta of 1.16. The Beauty Health Company has a twelve month low of $0.78 and a twelve month high of $2.69. The company has a debt-to-equity ratio of 5.53, a quick ratio of 4.07 and a current ratio of 4.98.

Beauty Health Company Profile

Beauty Health Company (NASDAQ: SKIN) is a U.S.-based consumer wellness and beauty enterprise that integrates device-based and product-based offerings across skin, body and hair wellness categories. The company operates a portfolio of established brands that blend professional and at-home solutions, focusing on innovative formulations and technologies to address a range of beauty and self-care needs. Through its proprietary e-commerce platforms and strategic retail partnerships, Beauty Health seeks to deliver premium experiences and tangible results to a global customer base.

Beauty Health’s brand portfolio includes Sol de Janeiro, known for its award-winning Brazilian Bum Bum Cream body care collection; Elemis, a U.K.-originated professional skin care line distributed in spas and skincare clinics; NuFACE and Dermaflash, two at-home beauty device brands specializing in microcurrent facial toning and gentle exfoliation respectively; and Nutrafol, a legal-strength hair wellness supplement clinically designed to support hair growth.