Sanctuary Advisors LLC Purchases 12,103 Shares of The Beauty Health Company (NASDAQ:SKIN)

Sanctuary Advisors LLC increased its holdings in The Beauty Health Company (NASDAQ:SKIN) by 49.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,695 shares of the company’s stock after acquiring an additional 12,103 shares during the quarter. Sanctuary Advisors LLC’s holdings in Beauty Health were worth $52,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new stake in shares of Beauty Health in the 3rd quarter worth approximately $37,000. Caprock Group LLC purchased a new stake in Beauty Health during the second quarter worth $38,000. Orion Portfolio Solutions LLC purchased a new stake in Beauty Health during the third quarter worth $65,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Beauty Health in the 2nd quarter valued at $105,000. Finally, HighTower Advisors LLC bought a new position in shares of Beauty Health in the 3rd quarter worth $121,000. 93.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Beauty Health Trading Down 1.2 %

NASDAQ SKIN opened at $1.60 on Tuesday. The stock has a market cap of $198.60 million, a P/E ratio of -3.81 and a beta of 0.85. The company has a current ratio of 6.56, a quick ratio of 5.57 and a debt-to-equity ratio of 9.23. The Beauty Health Company has a 12-month low of $0.91 and a 12-month high of $5.17. The company has a fifty day simple moving average of $1.57 and a two-hundred day simple moving average of $1.63.

Beauty Health 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.