Verition Fund Management LLC lessened its position in European Wax Center, Inc. (NASDAQ:EWCZ - Free Report) by 70.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,230 shares of the company's stock after selling 95,712 shares during the period. Verition Fund Management LLC owned 0.07% of European Wax Center worth $274,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of European Wax Center in the third quarter valued at about $93,000. Royce & Associates LP bought a new position in European Wax Center in the third quarter worth approximately $108,000. Aigen Investment Management LP bought a new position in European Wax Center in the third quarter worth approximately $114,000. Dark Forest Capital Management LP bought a new position in shares of European Wax Center in the second quarter valued at approximately $127,000. Finally, Algert Global LLC bought a new position in shares of European Wax Center in the second quarter valued at approximately $135,000. Institutional investors and hedge funds own 82.14% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on the company. Bank of America decreased their price target on European Wax Center from $16.00 to $8.00 and set a "buy" rating for the company in a research report on Wednesday, August 21st. Morgan Stanley reiterated an "underweight" rating and issued a $5.00 price target on shares of European Wax Center in a research report on Friday, November 15th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $8.00 price target on shares of European Wax Center in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.64.
Get Our Latest Analysis on EWCZ
European Wax Center Trading Up 3.2 %
Shares of EWCZ traded up $0.19 during trading hours on Friday, hitting $6.04. The company had a trading volume of 592,227 shares, compared to its average volume of 719,238. The firm has a market cap of $343.94 million, a P/E ratio of 26.26, a P/E/G ratio of 2.35 and a beta of 1.01. The stock's 50 day moving average price is $6.73 and its 200 day moving average price is $7.92. The company has a quick ratio of 2.42, a current ratio of 3.17 and a debt-to-equity ratio of 3.81. European Wax Center, Inc. has a 52-week low of $4.80 and a 52-week high of $16.07.
About European Wax Center
(
Free Report)
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.
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