Centiva Capital LP Decreases Stock Holdings in European Wax Center, Inc. (NASDAQ:EWCZ)

Centiva Capital LP decreased its holdings in European Wax Center, Inc. (NASDAQ:EWCZ) by 15.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,197 shares of the company’s stock after selling 6,918 shares during the quarter. Centiva Capital LP owned about 0.07% of European Wax Center worth $267,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in European Wax Center in the 3rd quarter worth approximately $93,000. Royce & Associates LP acquired a new stake in European Wax Center in the third quarter valued at approximately $108,000. Aigen Investment Management LP acquired a new position in European Wax Center during the third quarter worth $114,000. Dark Forest Capital Management LP purchased a new position in European Wax Center in the 2nd quarter valued at about $127,000. Finally, Algert Global LLC acquired a new position in European Wax Center in the 2nd quarter valued at $135,000. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EWCZ. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $8.00 target price on shares of European Wax Center in a research note on Thursday, November 14th. Citigroup downgraded European Wax Center from a “buy” rating to a “neutral” rating and cut their price target for the stock from $16.00 to $5.50 in a report on Thursday, August 15th. Robert W. Baird decreased their target price on European Wax Center from $13.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Morgan Stanley reiterated an “underweight” rating and set a $5.00 price target on shares of European Wax Center in a research note on Friday, November 15th. Finally, Truist Financial reduced their target price on European Wax Center from $16.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.64.

European Wax Center Trading Down 0.3 %

NASDAQ EWCZ opened at $6.14 on Thursday. The company has a debt-to-equity ratio of 3.81, a quick ratio of 2.42 and a current ratio of 3.17. European Wax Center, Inc. has a one year low of $4.80 and a one year high of $16.07. The company has a 50-day simple moving average of $6.76 and a 200-day simple moving average of $7.99. The firm has a market capitalization of $349.63 million, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.45 and a beta of 1.01.

European Wax Center Company Profile

European Wax Center, Inc operates as the franchisor and operator of out-of-home waxing services in the United States. It offers body and facial waxing services; and pre- and post-service products, including ingrown hair serums, exfoliating gels, brow shapers, and skin treatments. The company was founded in 2004 and is headquartered in Plano, Texas.