PLBY Group, Inc. (NASDAQ:PLBY) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in PLBY Group, Inc. (NASDAQ:PLBY) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,266 shares of the company’s stock after selling 30,398 shares during the period. Northern Trust Corp owned approximately 0.13% of PLBY Group worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLBY. Crcm LP acquired a new position in PLBY Group during the fourth quarter worth $4,489,000. Virtu Financial LLC acquired a new position in shares of PLBY Group during the 4th quarter valued at about $72,000. Headlands Technologies LLC acquired a new position in shares of PLBY Group during the 4th quarter valued at about $114,000. Geode Capital Management LLC grew its holdings in shares of PLBY Group by 29.8% in the fourth quarter. Geode Capital Management LLC now owns 719,299 shares of the company’s stock valued at $1,050,000 after purchasing an additional 165,092 shares during the period. Finally, Renaissance Technologies LLC increased its position in PLBY Group by 2,004.2% during the fourth quarter. Renaissance Technologies LLC now owns 265,126 shares of the company’s stock worth $387,000 after purchasing an additional 252,526 shares during the last quarter. Institutional investors and hedge funds own 32.46% of the company’s stock.

PLBY Group Stock Down 1.3%

Shares of NASDAQ:PLBY opened at $1.56 on Tuesday. The company has a market capitalization of $146.55 million, a price-to-earnings ratio of -1.62 and a beta of 2.39. PLBY Group, Inc. has a 12-month low of $0.52 and a 12-month high of $2.44. The business has a 50-day moving average price of $1.16 and a 200 day moving average price of $1.41. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 12.49.

PLBY Group (NASDAQ:PLBY) last announced its earnings results on Thursday, May 15th. The company reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). The company had revenue of $28.88 million during the quarter, compared to analyst estimates of $26.70 million. PLBY Group had a negative net margin of 66.97% and a negative return on equity of 406.14%. Sell-side analysts expect that PLBY Group, Inc. will post -1.01 EPS for the current year.

Insider Buying and Selling

In related news, CEO Bernhard L. Kohn III sold 27,400 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $1.43, for a total transaction of $39,182.00. Following the completion of the transaction, the chief executive officer now directly owns 4,346,015 shares in the company, valued at $6,214,801.45. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 38.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of PLBY Group from a “sell” rating to a “hold” rating in a report on Friday.

PLBY Group Company Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, and other adult products; style and apparel products for men and women; digital entertainment and lifestyle products; and beauty and grooming products for men and women, such as skincare, haircare, bath and body, grooming, cosmetics, and fragrance.