Lazard Asset Management LLC Cuts Stock Position in SmileDirectClub, Inc. (NASDAQ:SDC)

Lazard Asset Management LLC lowered its stake in SmileDirectClub, Inc. (NASDAQ:SDC – Get Rating) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 86,146 shares of the company’s stock after selling 44,300 shares during the period. Lazard Asset Management LLC’s holdings in SmileDirectClub were worth $77,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SDC. Covestor Ltd purchased a new stake in SmileDirectClub during the 1st quarter valued at $27,000. Cresset Asset Management LLC bought a new position in shares of SmileDirectClub during the 1st quarter valued at $31,000. AQR Capital Management LLC lifted its holdings in shares of SmileDirectClub by 35.0% during the 2nd quarter. AQR Capital Management LLC now owns 33,156 shares of the company’s stock valued at $34,000 after buying an additional 8,595 shares during the period. XTX Topco Ltd bought a new position in shares of SmileDirectClub during the 1st quarter valued at $42,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of SmileDirectClub by 25.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 47,000 shares of the company’s stock valued at $49,000 after buying an additional 9,500 shares during the period. Hedge funds and other institutional investors own 7.02% of the company’s stock.

Analyst Ratings Changes

SDC has been the topic of several research analyst reports. William Blair reissued a “market perform” rating on shares of SmileDirectClub in a report on Monday, November 7th. Loop Capital raised SmileDirectClub from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th.

SmileDirectClub Stock Performance

Shares of SmileDirectClub stock opened at $0.54 on Tuesday. SmileDirectClub, Inc. has a one year low of $0.31 and a one year high of $3.10. The stock’s fifty day moving average is $0.53 and its 200 day moving average is $0.73. The stock has a market cap of $210.93 million, a P/E ratio of -0.75 and a beta of 2.16.

About SmileDirectClub

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SmileDirectClub, Inc, an oral care company, offers clear aligner therapy treatment. The company manages the end-to-end process, which include marketing, aligner manufacturing, fulfillment, treatment by a doctor, and monitoring through completion of their treatment with a network of approximately 250 licensed orthodontists and general dentists through its teledentistry platform, SmileCheck in the United States, Puerto Rico, Canada, Australia, the United Kingdom, New Zealand, Ireland, Hong Kong, Germany, Singapore, France, Spain, and Austria.