SG Americas Securities LLC Buys 1,690 Shares of European Wax Center, Inc. (NASDAQ:EWCZ)

SG Americas Securities LLC increased its stake in shares of European Wax Center, Inc. (NASDAQ:EWCZ) by 12.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,416 shares of the company’s stock after buying an additional 1,690 shares during the quarter. SG Americas Securities LLC’s holdings in European Wax Center were worth $103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantbot Technologies LP boosted its holdings in European Wax Center by 52.3% during the 3rd quarter. Quantbot Technologies LP now owns 22,454 shares of the company’s stock worth $153,000 after acquiring an additional 7,709 shares during the last quarter. Creative Planning boosted its holdings in European Wax Center by 72.6% during the third quarter. Creative Planning now owns 21,501 shares of the company’s stock worth $146,000 after purchasing an additional 9,044 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in European Wax Center by 37.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,204 shares of the company’s stock worth $348,000 after purchasing an additional 14,086 shares in the last quarter. Royce & Associates LP purchased a new stake in European Wax Center in the 3rd quarter valued at about $108,000. Finally, Aigen Investment Management LP bought a new position in shares of European Wax Center during the 3rd quarter worth approximately $114,000. 82.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Nital P. Scott sold 4,344 shares of European Wax Center stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total value of $25,412.40. Following the completion of the transaction, the director now directly owns 29,262 shares in the company, valued at approximately $171,182.70. The trade was a 12.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.14% of the stock is currently owned by insiders.

European Wax Center Stock Performance

NASDAQ:EWCZ opened at $6.84 on Thursday. The company has a market capitalization of $389.47 million, a P/E ratio of 29.74, a P/E/G ratio of 1.72 and a beta of 0.95. The business has a fifty day simple moving average of $6.35 and a two-hundred day simple moving average of $6.72. The company has a debt-to-equity ratio of 3.81, a current ratio of 3.17 and a quick ratio of 2.42. European Wax Center, Inc. has a 1 year low of $4.80 and a 1 year high of $15.83.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler lowered European Wax Center from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $9.00 to $7.00 in a report on Monday, January 6th. Telsey Advisory Group restated a “market perform” rating and issued a $6.00 price objective on shares of European Wax Center in a research note on Tuesday, January 14th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $5.00 target price on shares of European Wax Center in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, European Wax Center has a consensus rating of “Hold” and an average target price of $6.64.

European Wax Center Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.