HBK Investments L P purchased a new stake in shares of The Beauty Health Company (NASDAQ:SKIN) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 124,500 shares of the company’s stock, valued at approximately $3,233,000.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Beauty Health by 47.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,962 shares of the company’s stock valued at $50,000 after acquiring an additional 632 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Beauty Health during the 2nd quarter valued at $69,000. Emfo LLC purchased a new position in shares of Beauty Health during the 3rd quarter valued at $78,000. Logan Capital Management Inc. purchased a new position in shares of Beauty Health during the 3rd quarter valued at $78,000. Finally, Legal & General Group Plc acquired a new stake in shares of Beauty Health in the 2nd quarter valued at $96,000. Institutional investors and hedge funds own 62.08% of the company’s stock.

Beauty Health stock opened at $13.50 on Tuesday. The Beauty Health Company has a fifty-two week low of $9.71 and a fifty-two week high of $30.17. The firm has a fifty day moving average price of $19.53 and a two-hundred day moving average price of $23.08.

Beauty Health (NASDAQ:SKIN) last posted its quarterly earnings data on Monday, November 8th. The company reported ($1.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($1.60). The firm had revenue of $68.15 million for the quarter, compared to the consensus estimate of $59.57 million. Equities analysts forecast that The Beauty Health Company will post -0.09 earnings per share for the current fiscal year.

SKIN has been the subject of several analyst reports. DA Davidson lifted their price objective on shares of Beauty Health from $26.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, November 10th. Raymond James initiated coverage on shares of Beauty Health in a research note on Thursday, December 23rd. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of Beauty Health from a “buy” rating to a “hold” rating in a research note on Saturday, January 29th. Finally, William Blair initiated coverage on shares of Beauty Health in a research note on Friday, January 7th. They issued an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $28.22.

Beauty Health Profile

Edge Systems, LLC designs, develops, manufactures, markets, and sells aesthetic technologies and products. It offers hydradermabrasion system that enhances the skin to cleanse, exfoliate, extract, and hydrate simultaneously; Hydraglucan Intense Hydration Booster, a customization for the HydraFacial treatment exfoliates the skin by improving cell renewal and delivers ingredients, including hyaluronic acid, glucan, and betaine to hydrate the skin and provide anti-aging benefits; HydraFacial Daily Essentials, which provides detoxification, rejuvenation, and protection of skin; crystal microdermabrasion systems; and light emitting diode systems.

Featured Articles

Want to see what other hedge funds are holding SKIN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Beauty Health Company (NASDAQ:SKIN).