Charles Schwab Investment Management Inc. lessened its stake in shares of Waldencast plc (NASDAQ:WALD – Free Report) by 11.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 55,765 shares of the company’s stock after selling 7,437 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Waldencast were worth $203,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of WALD. Milestones Administradora de Recursos Ltda. raised its holdings in Waldencast by 10.0% in the 3rd quarter. Milestones Administradora de Recursos Ltda. now owns 2,200,000 shares of the company’s stock valued at $8,008,000 after acquiring an additional 200,000 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Waldencast in the second quarter valued at approximately $239,000. Simplicity Wealth LLC grew its position in shares of Waldencast by 416.2% in the third quarter. Simplicity Wealth LLC now owns 77,080 shares of the company’s stock valued at $281,000 after purchasing an additional 62,148 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Waldencast during the second quarter worth approximately $85,000. Finally, McAdam LLC acquired a new stake in Waldencast during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 41.97% of the company’s stock.
Waldencast Trading Up 2.5 %
WALD stock opened at $3.62 on Friday. Waldencast plc has a 52 week low of $2.40 and a 52 week high of $12.00. The business has a 50-day simple moving average of $3.45 and a 200 day simple moving average of $3.52. The company has a quick ratio of 0.78, a current ratio of 1.47 and a debt-to-equity ratio of 0.21.
Analyst Ratings Changes
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Waldencast Company Profile
Waldencast plc operates in the beauty and wellness business. The company engages in developing, acquiring, accelerating, and scaling various brands. It provides cosmetic, over-the-counter, and prescription products under the Obagi Medical, Obagi Clinical, and Obagi Professional brands; and a Skintrinsiq device for use in facial treatments that is used by physicians' offices, spas, and aestheticians.
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