Intech Investment Management LLC Makes New Investment in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Intech Investment Management LLC acquired a new stake in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 33,942 shares of the company’s stock, valued at approximately $80,000.

A number of other institutional investors have also recently made changes to their positions in OLPX. Pacer Advisors Inc. raised its stake in Olaplex by 42.0% in the second quarter. Pacer Advisors Inc. now owns 19,686,481 shares of the company’s stock valued at $30,317,000 after buying an additional 5,824,889 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Olaplex by 8.4% in the 1st quarter. Vanguard Group Inc. now owns 11,935,003 shares of the company’s stock valued at $22,915,000 after purchasing an additional 929,693 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Olaplex by 0.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,501,400 shares of the company’s stock worth $3,852,000 after purchasing an additional 14,200 shares in the last quarter. AQR Capital Management LLC grew its position in Olaplex by 20.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,073,878 shares of the company’s stock worth $1,654,000 after purchasing an additional 184,091 shares during the last quarter. Finally, Scion Asset Management LLC acquired a new position in Olaplex during the 2nd quarter valued at approximately $1,533,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

Insider Buying and Selling

In other Olaplex news, Director John P. Bilbrey bought 51,697 shares of Olaplex stock in a transaction dated Monday, November 18th. The stock was acquired at an average cost of $1.75 per share, with a total value of $90,469.75. Following the purchase, the director now directly owns 318,418 shares in the company, valued at $557,231.50. This represents a 19.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 4.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

OLPX has been the subject of several research reports. Telsey Advisory Group reiterated a “market perform” rating and set a $3.00 price objective on shares of Olaplex in a research note on Thursday, November 7th. Barclays reduced their price objective on Olaplex from $2.00 to $1.50 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.30.

Olaplex Stock Up 2.4 %

Olaplex stock opened at $2.14 on Monday. Olaplex Holdings, Inc. has a 52 week low of $1.19 and a 52 week high of $2.98. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 35.67 and a beta of 2.48. The business’s 50-day moving average price is $2.02 and its 200 day moving average price is $1.96. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73.

Olaplex (NASDAQ:OLPX) last posted its earnings results on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The firm had revenue of $119.10 million during the quarter, compared to analyst estimates of $126.51 million. Olaplex had a net margin of 9.78% and a return on equity of 10.50%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 EPS. As a group, sell-side analysts anticipate that Olaplex Holdings, Inc. will post 0.11 earnings per share for the current year.

Olaplex Company Profile

Olaplex Holdings, Inc develops, manufactures, and sells hair care products in the United States and internationally. The company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair, as well as oil, moisture mask, and nourishing hair serum. It provides hair care products to professional hair salons, retailers, and everyday consumers.