Crcm LP raised its stake in PLBY Group, Inc. (NASDAQ:PLBY – Free Report) by 154.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,689,452 shares of the company’s stock after buying an additional 2,238,296 shares during the period. PLBY Group comprises about 2.3% of Crcm LP’s portfolio, making the stock its 8th biggest position. Crcm LP owned 3.42% of PLBY Group worth $6,936,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in shares of PLBY Group by 240.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 370,228 shares of the company’s stock valued at $696,000 after buying an additional 261,406 shares during the last quarter. Sfmg LLC grew its position in shares of PLBY Group by 50.0% in the 4th quarter. Sfmg LLC now owns 450,000 shares of the company’s stock valued at $846,000 after buying an additional 150,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of PLBY Group by 15.1% in the 4th quarter. Geode Capital Management LLC now owns 743,478 shares of the company’s stock valued at $1,398,000 after buying an additional 97,321 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of PLBY Group in the 4th quarter valued at about $94,000. Finally, Hudson Bay Capital Management LP bought a new stake in shares of PLBY Group in the 3rd quarter valued at about $52,000. Institutional investors own 32.46% of the company’s stock.
Insider Activity
In other news, General Counsel Christopher Riley sold 90,896 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1.78, for a total value of $161,794.88. Following the transaction, the general counsel directly owned 1,688,679 shares of the company’s stock, valued at $3,005,848.62. The trade was a 5.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Tracey E. Edmonds sold 30,816 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $1.24, for a total value of $38,211.84. Following the transaction, the director directly owned 223,548 shares in the company, valued at approximately $277,199.52. This trade represents a 12.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 727,429 shares of company stock valued at $1,117,125 in the last ninety days. 38.30% of the stock is owned by company insiders.
PLBY Group Stock Down 0.7%
PLBY Group (NASDAQ:PLBY – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $30.24 million during the quarter, compared to analyst estimates of $30.72 million. PLBY Group had a negative net margin of 6.21% and a positive return on equity of 21.89%. Equities research analysts predict that PLBY Group, Inc. will post 0.02 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Zacks Research downgraded PLBY Group from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, PLBY Group has a consensus rating of “Sell”.
Get Our Latest Research Report on PLBY
PLBY Group Profile
PLBY Group, Inc is a global media and lifestyle company best known for its iconic Playboy brand. The company operates across multiple business segments, including consumer products, licensing, subscription commerce, sexual wellness and digital offerings. Through its diversified portfolio, PLBY Group brings its signature aesthetic and brand heritage to categories such as apparel, accessories, gaming, beverages, home goods and intimate lifestyle products.
In the consumer products segment, PLBY Group designs and markets a range of branded goods under licensing agreements with major retailers and distributors worldwide.
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