Two Sigma Investments LP Has $535,000 Stock Holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX)

Two Sigma Investments LP decreased its holdings in Olaplex Holdings, Inc. (NASDAQ:OLPX) by 57.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 309,484 shares of the company’s stock after selling 418,243 shares during the quarter. Two Sigma Investments LP’s holdings in Olaplex were worth $535,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in shares of Olaplex in the 4th quarter valued at $43,000. Deutsche Bank AG raised its stake in shares of Olaplex by 33.2% in the 4th quarter. Deutsche Bank AG now owns 86,156 shares of the company’s stock valued at $149,000 after buying an additional 21,454 shares in the last quarter. Boston Partners raised its stake in shares of Olaplex by 276.0% in the 4th quarter. Boston Partners now owns 6,674,169 shares of the company’s stock valued at $11,257,000 after buying an additional 4,899,171 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Olaplex by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 3,076,969 shares of the company’s stock valued at $5,323,000 after buying an additional 268,969 shares in the last quarter. Finally, Hsbc Holdings PLC acquired a new position in shares of Olaplex in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 87.37% of the company’s stock.

Olaplex Trading Up 4.0%

Shares of Olaplex stock opened at $1.31 on Monday. Olaplex Holdings, Inc. has a 12-month low of $1.01 and a 12-month high of $2.77. The company has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.50. The company has a quick ratio of 10.32, a current ratio of 11.84 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $872.14 million, a P/E ratio of 21.84 and a beta of 2.33.

Olaplex (NASDAQ:OLPX) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.02). Olaplex had a return on equity of 10.50% and a net margin of 9.78%. The company had revenue of $96.98 million for the quarter, compared to the consensus estimate of $93.82 million. During the same period in the prior year, the company earned $0.03 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. Research analysts expect that Olaplex Holdings, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OLPX has been the subject of a number of recent research reports. Wall Street Zen cut shares of Olaplex from a “hold” rating to a “sell” rating in a research note on Friday, May 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $2.00 target price on shares of Olaplex in a research report on Friday, May 9th. Finally, Barclays increased their target price on shares of Olaplex from $1.20 to $1.40 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $1.85.

About Olaplex

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.