Barclays PLC Raises Holdings in European Wax Center, Inc. (NASDAQ:EWCZ)

Barclays PLC increased its position in European Wax Center, Inc. (NASDAQ:EWCZ) by 365.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,510 shares of the company’s stock after acquiring an additional 44,376 shares during the quarter. Barclays PLC’s holdings in European Wax Center were worth $385,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of European Wax Center by 18.9% in the third quarter. FMR LLC now owns 2,697,742 shares of the company’s stock valued at $18,345,000 after purchasing an additional 428,280 shares during the period. Marshall Wace LLP bought a new stake in European Wax Center during the 2nd quarter valued at $3,274,000. Landscape Capital Management L.L.C. purchased a new stake in shares of European Wax Center during the third quarter worth $1,231,000. Millennium Management LLC lifted its position in shares of European Wax Center by 44.0% during the second quarter. Millennium Management LLC now owns 538,972 shares of the company’s stock worth $5,352,000 after acquiring an additional 164,688 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of European Wax Center by 4.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,334,532 shares of the company’s stock worth $22,675,000 after acquiring an additional 155,875 shares during the period. Hedge funds and other institutional investors own 82.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EWCZ shares. Telsey Advisory Group lowered European Wax Center from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $8.00 to $6.00 in a report on Thursday, December 19th. Morgan Stanley restated an “underweight” rating and issued a $5.00 price objective on shares of European Wax Center in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.36.

Insiders Place Their Bets

In other news, Director Nital P. Scott sold 4,344 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $5.85, for a total value of $25,412.40. Following the completion of the sale, the director now directly owns 29,262 shares in the company, valued at approximately $171,182.70. The trade was a 12.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.14% of the company’s stock.

European Wax Center Stock Performance

European Wax Center stock opened at $6.53 on Friday. European Wax Center, Inc. has a fifty-two week low of $4.80 and a fifty-two week high of $16.07. The firm’s fifty day moving average price is $6.43 and its 200-day moving average price is $7.36. The stock has a market cap of $371.84 million, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. 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 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.