Cambridge Funding Analysis Advisors Inc. Sells 1,080 Shares of The Magnificence Well being Firm (NASDAQ:SKIN)

Cambridge Funding Analysis Advisors Inc. lessened its place in The Magnificence Well being Firm (NASDAQ:SKINGet Ranking) by 4.1% within the 2nd quarter, Holdings Channel.com stories. The fund owned 25,022 shares of the corporate’s inventory after promoting 1,080 shares throughout the interval. Cambridge Funding Analysis Advisors Inc.’s holdings in Magnificence Well being had been price $322,000 on the finish of the latest quarter.

A number of different institutional buyers have additionally just lately made modifications to their positions in SKIN. William Blair Funding Administration LLC lifted its holdings in Magnificence Well being by 232.2% throughout the 4th quarter. William Blair Funding Administration LLC now owns 6,251,906 shares of the corporate’s inventory valued at $151,046,000 after shopping for an extra 4,370,217 shares within the final quarter. Victory Capital Administration Inc. purchased a brand new stake in Magnificence Well being throughout the 1st quarter valued at about $28,090,000. Renaissance Applied sciences LLC purchased a brand new stake in Magnificence Well being throughout the 1st quarter valued at about $9,473,000. BlackRock Inc. lifted its holdings in Magnificence Well being by 5.8% throughout the 1st quarter. BlackRock Inc. now owns 7,778,389 shares of the corporate’s inventory valued at $131,300,000 after shopping for an extra 423,084 shares within the final quarter. Lastly, Invesco Ltd. lifted its holdings in Magnificence Well being by 8.8% throughout the 1st quarter. Invesco Ltd. now owns 5,020,317 shares of the corporate’s inventory valued at $84,742,000 after shopping for an extra 407,849 shares within the final quarter. Institutional buyers personal 78.59% of the corporate’s inventory.

Wall Avenue Analyst Weigh In

Quite a lot of brokerages just lately weighed in on SKIN. JPMorgan Chase & Co. lifted their value goal on shares of Magnificence Well being from $18.00 to $22.00 in a report on Friday, September sixteenth. Canaccord Genuity Group minimize their goal value on shares of Magnificence Well being from $22.00 to $20.00 in a analysis report on Thursday, June thirtieth. Canaccord Genuity Group minimize their goal value on shares of Magnificence Well being from $22.00 to $20.00 and set a “purchase” ranking on the inventory in a analysis report on Thursday, June thirtieth. Piper Sandler raised their goal value on shares of Magnificence Well being from $20.00 to $23.00 and gave the corporate an “obese” ranking in a analysis report on Friday, September sixteenth. Lastly, DA Davidson lifted their value goal on shares of Magnificence Well being from $30.00 to $31.00 and gave the inventory a “purchase” ranking in a analysis report on Wednesday, September twenty eighth. One equities analysis analyst has rated the inventory with a maintain ranking and 7 have issued a purchase ranking to the corporate’s inventory. In response to information from MarketBeat.com, Magnificence Well being has a mean ranking of “Average Purchase” and a mean value goal of $23.00.

Magnificence Well being Inventory Efficiency

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SKIN opened at $12.02 on Thursday. The corporate has a debt-to-equity ratio of two.08, a present ratio of 11.44 and a fast ratio of 10.59. The agency has a fifty day transferring common value of $12.34 and a 200 day transferring common value of $13.12. The Magnificence Well being Firm has a 1 12 months low of $9.94 and a 1 12 months excessive of $30.17. The inventory has a market cap of $1.81 billion, a P/E ratio of -6.23 and a beta of 1.25.

Magnificence Well being (NASDAQ:SKINGet Ranking) final posted its earnings outcomes on Tuesday, August ninth. The corporate reported ($0.09) earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.01 by ($0.10). The agency had income of $103.54 million throughout the quarter, in comparison with analyst estimates of $85.70 million. Magnificence Well being had a damaging internet margin of 59.08% and a damaging return on fairness of 1.02%. Equities analysis analysts anticipate that The Magnificence Well being Firm will put up 0.05 earnings per share for the present 12 months.

Magnificence Well being Profile

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The Magnificence Well being Firm designs, develops, manufactures, markets, and sells aesthetic applied sciences and merchandise worldwide. The corporate’s flagship product contains HydraFacial that improve the pores and skin to cleanse, peel, exfoliate, extract, infuse, and hydrate the pores and skin with proprietary options and serums.

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Institutional Ownership by Quarter for Beauty Health (NASDAQ:SKIN)

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