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

Prescott Group Capital Management L.L.C. decreased its position in shares of The Beauty Health Company (NASDAQ:SKIN) by 63.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 303,499 shares of the company’s stock after selling 532,440 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in Beauty Health were worth $604,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in shares of Beauty Health in the 1st quarter valued at approximately $40,000. ProShare Advisors LLC boosted its position in shares of Beauty Health by 45.5% during the 2nd quarter. ProShare Advisors LLC now owns 23,447 shares of the company’s stock worth $45,000 after acquiring an additional 7,336 shares in the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake 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 valued at $60,000 after acquiring an additional 14,653 shares during the last quarter. Caprock Group LLC acquired a new position in Beauty Health during the third quarter valued at approximately $62,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Beauty Health by 33.5% during the second 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 owned by institutional investors.

Beauty Health Price Performance

Shares of NASDAQ:SKIN opened at $1.04 on Friday. The company has a current ratio of 4.98, a quick ratio of 4.07 and a debt-to-equity ratio of 5.53. The stock has a market cap of $132.60 million, a PE ratio of -4.73 and a beta of 1.16. The stock’s fifty day simple moving average is $1.44 and its two-hundred day simple moving average is $1.65. The Beauty Health Company has a 1-year low of $0.78 and a 1-year high of $2.69.

Analyst Upgrades and Downgrades

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

Beauty Health 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.