Headlands Technologies LLC Sells 50,643 Shares of PLBY Group, Inc. (NASDAQ:PLBY)

Headlands Technologies LLC decreased its position in PLBY Group, Inc. (NASDAQ:PLBY) by 64.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,438 shares of the company’s stock after selling 50,643 shares during the quarter. Headlands Technologies LLC’s holdings in PLBY Group were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLBY. Renaissance Technologies LLC grew its stake in shares of PLBY Group by 2,004.2% in the 4th quarter. Renaissance Technologies LLC now owns 265,126 shares of the company’s stock worth $387,000 after acquiring an additional 252,526 shares in the last quarter. Millennium Management LLC bought a new stake in shares of PLBY Group in the 4th quarter worth $281,000. Geode Capital Management LLC grew its stake in shares of PLBY Group by 29.8% in the 4th quarter. Geode Capital Management LLC now owns 719,299 shares of the company’s stock worth $1,050,000 after acquiring an additional 165,092 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of PLBY Group in the 4th quarter worth $115,000. Finally, Two Sigma Securities LLC bought a new position in PLBY Group during the fourth quarter valued at about $87,000. Institutional investors own 32.46% of the company’s stock.

PLBY Group Stock Performance

PLBY opened at $1.82 on Thursday. The firm has a market cap of $170.98 million, a P/E ratio of -2.33 and a beta of 2.51. The firm has a 50-day moving average of $1.69 and a 200 day moving average of $1.48. PLBY Group, Inc. has a fifty-two week low of $0.52 and a fifty-two week high of $2.44.

PLBY Group (NASDAQ:PLBY) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company had revenue of $28.15 million during the quarter, compared to analyst estimates of $26.85 million. PLBY Group had a negative net margin of 60.96% and a negative return on equity of 1,460.70%. Equities research analysts predict that PLBY Group, Inc. will post -1.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of PLBY Group from a “hold” rating to a “sell” rating in a research report on Sunday, July 13th.

Insiders Place Their Bets

In other PLBY Group news, CEO Bernhard L. Kohn III sold 27,400 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $1.43, for a total transaction of $39,182.00. Following the completion of the transaction, the chief executive officer owned 4,346,015 shares in the company, valued at $6,214,801.45. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 38.30% of the stock is owned by corporate insiders.

PLBY Group Profile

PLBY Group, Inc operates as a pleasure and leisure company in the United States, Australia, China, the United Kingdom, and internationally. It operates through three segments: Licensing, Direct-to-Consumer, and Digital Subscriptions and Content. The company offers sexual wellness products, such as lingerie, bedroom accessories, intimacy products, 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.