Waldencast PLC $WALD Stock Holdings Lifted by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. lifted its holdings in Waldencast PLC (NASDAQ:WALD) by 61.8% during the 3rd quarter, Holdings Channel reports. The fund owned 3,925,677 shares of the company’s stock after acquiring an additional 1,500,000 shares during the quarter. Waldencast makes up approximately 0.6% of Milestones Administradora de Recursos Ltda.’s portfolio, making the stock its 14th biggest position. Milestones Administradora de Recursos Ltda.’s holdings in Waldencast were worth $3,376,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its position in Waldencast by 32.2% during the 1st quarter. Bank of America Corp DE now owns 42,676 shares of the company’s stock worth $40,000 after acquiring an additional 10,396 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Waldencast by 11.2% during the 1st quarter. Bank of New York Mellon Corp now owns 106,112 shares of the company’s stock valued at $101,000 after purchasing an additional 10,728 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Waldencast during the 2nd quarter valued at $39,000. Finally, Stoic Point Capital Management LLC raised its position in Waldencast by 17.1% in the 1st quarter. Stoic Point Capital Management LLC now owns 1,637,010 shares of the company’s stock valued at $1,555,000 after purchasing an additional 239,000 shares during the last quarter. 41.97% of the stock is owned by institutional investors and hedge funds.

Waldencast Stock Down 1.2%

Waldencast stock opened at $0.87 on Thursday. The stock has a 50-day simple moving average of $1.13 and a 200 day simple moving average of $1.34. Waldencast PLC has a 12-month low of $0.72 and a 12-month high of $3.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Waldencast from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Waldencast presently has an average rating of “Hold” and an average price target of $2.33.

Waldencast Company Profile

Waldencast plc (NASDAQ: WALD) is a global beauty and wellness platform that develops, acquires and operates consumer brands in skincare, cosmetics and related personal-care categories. The company focuses on building brands with differentiated products, strong consumer identities and distribution across multiple retail and digital channels.

Its portfolio has included Obagi Medical, a skincare brand known for dermatologist-focused products targeting concerns such as hyperpigmentation, signs of aging and acne, and Milk Makeup, a color cosmetics and skincare brand offering products designed for contemporary, on-the-go consumers.