Gotham Asset Management LLC Sells 50,192 Shares of Olaplex Holdings, Inc. (NASDAQ:OLPX)

Gotham Asset Management LLC cut its holdings in shares of Olaplex Holdings, Inc. (NASDAQ:OLPX) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 163,489 shares of the company’s stock after selling 50,192 shares during the period. Gotham Asset Management LLC’s holdings in Olaplex were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in shares of Olaplex during the 4th quarter worth about $34,000. BNP Paribas Financial Markets bought a new stake in Olaplex during the 4th quarter valued at $35,000. Cornerstone Wealth Management LLC bought a new stake in shares of Olaplex in the 4th quarter worth $36,000. Parkside Financial Bank & Trust grew its position in Olaplex by 290.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 21,395 shares of the company’s stock valued at $37,000 after buying an additional 15,911 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Olaplex during the fourth quarter valued at about $43,000. 87.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OLPX. Barclays raised their price target on Olaplex from $1.20 to $1.40 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Telsey Advisory Group restated a “market perform” rating and issued a $2.00 price target on shares of Olaplex in a research report on Friday, May 9th.

Olaplex Trading Up 1.6%

NASDAQ:OLPX opened at $1.28 on Wednesday. The stock’s 50 day moving average price is $1.27 and its 200 day moving average price is $1.55. Olaplex Holdings, Inc. has a 52-week low of $1.01 and a 52-week high of $2.77. The company has a market capitalization of $852.17 million, a PE ratio of 21.34 and a beta of 2.37. 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 announced its quarterly earnings results on Thursday, May 8th. The company reported $0.00 EPS for the quarter, missing the consensus estimate of $0.02 by ($0.02). Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The firm had revenue of $96.98 million for the quarter, compared to analyst estimates of $93.82 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Olaplex Holdings, Inc. will post 0.1 EPS for the current year.

Insider Transactions at Olaplex

In other Olaplex news, General Counsel John C. Duffy sold 35,013 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $1.44, for a total value of $50,418.72. Following the transaction, the general counsel now directly owns 348,630 shares of the company’s stock, valued at $502,027.20. This represents a 9.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Trisha L. Fox sold 26,526 shares of Olaplex stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.44, for a total transaction of $38,197.44. Following the completion of the transaction, the insider now directly owns 461,548 shares in the company, valued at $664,629.12. This trade represents a 5.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,269 shares of company stock valued at $103,161 over the last quarter. Company insiders own 4.20% of the company’s stock.

Olaplex 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.