Waldencast PLC $WALD Shares Purchased by Milestones Administradora de Recursos Ltda.

Milestones Administradora de Recursos Ltda. boosted its holdings in shares of Waldencast PLC (NASDAQ:WALD) by 61.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,925,677 shares of the company’s stock after purchasing an additional 1,500,000 shares during the period. Waldencast comprises 0.6% of Milestones Administradora de Recursos Ltda.’s portfolio, making the stock its 14th biggest holding. Milestones Administradora de Recursos Ltda. owned about 3.05% of Waldencast worth $3,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stoic Point Capital Management LLC grew its stake in shares of 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 period. Bank of New York Mellon Corp raised its holdings in shares of Waldencast by 11.2% in the 1st quarter. Bank of New York Mellon Corp now owns 106,112 shares of the company’s stock worth $101,000 after buying an additional 10,728 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Waldencast by 32.2% in the 1st quarter. Bank of America Corp DE now owns 42,676 shares of the company’s stock worth $40,000 after buying an additional 10,396 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Waldencast during the 2nd quarter worth approximately $39,000. Institutional investors own 41.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Waldencast from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 21st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.33.

Waldencast Stock Performance

Shares of NASDAQ:WALD opened at $0.87 on Thursday. The company’s fifty day moving average is $1.13 and its 200-day moving average is $1.34. Waldencast PLC has a 52 week low of $0.72 and a 52 week high of $3.22.

Waldencast 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.