Cruiser Capital Advisors LLC decreased its position in PLBY Group, Inc. (NASDAQ:PLBY – Free Report) by 12.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 777,706 shares of the company’s stock after selling 110,987 shares during the period. PLBY Group makes up 1.3% of Cruiser Capital Advisors LLC’s holdings, making the stock its 14th biggest holding. Cruiser Capital Advisors LLC owned about 1.06% of PLBY Group worth $1,307,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Rizvi Traverse Management LLC increased its stake in PLBY Group by 33.9% in the first quarter. Rizvi Traverse Management LLC now owns 14,311,573 shares of the company’s stock valued at $28,337,000 after purchasing an additional 3,623,293 shares in the last quarter. Fortress Investment Group LLC increased its position in shares of PLBY Group by 42.0% during the first quarter. Fortress Investment Group LLC now owns 2,581,218 shares of the company’s stock worth $5,111,000 after acquiring an additional 763,599 shares in the last quarter. BlackRock Inc. increased its position in shares of PLBY Group by 5.7% during the first quarter. BlackRock Inc. now owns 2,580,437 shares of the company’s stock worth $5,109,000 after acquiring an additional 140,018 shares in the last quarter. Portolan Capital Management LLC bought a new stake in shares of PLBY Group during the first quarter worth about $2,620,000. Finally, Geode Capital Management LLC increased its position in shares of PLBY Group by 8.5% during the first quarter. Geode Capital Management LLC now owns 757,188 shares of the company’s stock worth $1,499,000 after acquiring an additional 59,443 shares in the last quarter. Institutional investors and hedge funds own 60.41% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on PLBY. Stifel Nicolaus decreased their target price on shares of PLBY Group from $2.00 to $1.50 and set a “hold” rating for the company in a research report on Thursday, August 10th. Chardan Capital decreased their target price on shares of PLBY Group from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Thursday, August 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, PLBY Group presently has a consensus rating of “Hold” and an average price target of $3.25.
PLBY Group Stock Performance
PLBY traded up $0.01 during midday trading on Monday, reaching $0.48. The company had a trading volume of 78,079 shares, compared to its average volume of 1,009,556. PLBY Group, Inc. has a 12-month low of $0.43 and a 12-month high of $4.43. The company has a debt-to-equity ratio of 4.97, a quick ratio of 0.83 and a current ratio of 1.02. The business has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $1.31. The stock has a market cap of $35.54 million, a PE ratio of -0.17 and a beta of 2.62.
PLBY Group Company Profile
PLBY Group, Inc operates as a pleasure and leisure company worldwide. The company operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. It offers sexual wellness products, such as lingerie, intimates, 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.
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