Cohen Capital Management Inc. Sells 109,530 Shares of The Beauty Health Company (NASDAQ:SKIN)

Cohen Capital Management Inc. trimmed its position in shares of The Beauty Health Company (NASDAQ:SKIN) by 19.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 463,318 shares of the company’s stock after selling 109,530 shares during the quarter. Cohen Capital Management Inc. owned 0.37% of Beauty Health worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SKIN. SG Americas Securities LLC bought a new position in Beauty Health in the third quarter valued at about $37,000. Sanctuary Advisors LLC increased its position in shares of Beauty Health by 49.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 36,695 shares of the company’s stock valued at $52,000 after purchasing an additional 12,103 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in shares of Beauty Health during the 3rd quarter valued at about $65,000. Newman Dignan & Sheerar Inc. boosted its holdings in shares of Beauty Health by 39.1% in the fourth quarter. Newman Dignan & Sheerar Inc. now owns 71,144 shares of the company’s stock worth $113,000 after buying an additional 20,000 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in Beauty Health during the third quarter valued at approximately $121,000. 93.26% of the stock is currently owned by hedge funds and other institutional investors.

Beauty Health Stock Up 0.6 %

SKIN stock opened at $1.61 on Friday. The business’s 50-day moving average price is $1.63 and its 200-day moving average price is $1.58. The stock has a market cap of $199.83 million, a P/E ratio of -3.83 and a beta of 0.82. The Beauty Health Company has a twelve month low of $0.91 and a twelve month high of $5.17. The company has a quick ratio of 5.57, a current ratio of 6.56 and a debt-to-equity ratio of 9.23.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on shares of Beauty Health from $1.25 to $1.75 and gave the stock a “hold” rating in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $2.55.

Beauty Health Company Profile

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, extract, and hydrate the skin with proprietary solutions and serums. Its products also comprise Syndeo, a Delivery System designs to connects providers to the consumer's preferences to create a more personalized experience; consumables, such as single-use tips, solutions, and serums used to provide a hydrafacial treatment; SkinStylus SteriLock Microsystem, a microneedling device used for the treatment of enhancing appearance of surgical or traumatic hypertrophic scars on the abdomen and facial acne scarring in Fitzpatrick skin types I, II, and III; and Keravive, a treatment for scalp health.