AirSculpt Technologies, Inc. $AIRS Shares Sold by SW Investment Management LLC

SW Investment Management LLC reduced its holdings in AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,500,000 shares of the company’s stock after selling 200,000 shares during the quarter. AirSculpt Technologies makes up about 5.2% of SW Investment Management LLC’s portfolio, making the stock its 7th largest holding. SW Investment Management LLC owned about 7.66% of AirSculpt Technologies worth $21,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. acquired a new position in AirSculpt Technologies in the 1st quarter valued at approximately $32,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of AirSculpt Technologies during the second quarter worth $50,000. Kapitalo Investimentos Ltda acquired a new stake in shares of AirSculpt Technologies during the second quarter worth $51,000. Invesco Ltd. acquired a new stake in shares of AirSculpt Technologies during the first quarter worth $56,000. Finally, Bank of America Corp DE increased its position in shares of AirSculpt Technologies by 14.8% during the fourth quarter. Bank of America Corp DE now owns 22,313 shares of the company’s stock worth $116,000 after buying an additional 2,884 shares during the period. 91.54% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of AirSculpt Technologies in a research report on Saturday, September 27th. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, AirSculpt Technologies has an average rating of “Reduce” and an average target price of $3.75.

AirSculpt Technologies Stock Up 1.3%

Shares of NASDAQ AIRS opened at $8.71 on Monday. The firm has a market cap of $543.85 million, a PE ratio of -34.84 and a beta of 2.53. AirSculpt Technologies, Inc. has a 12-month low of $1.53 and a 12-month high of $9.20. The company’s fifty day simple moving average is $6.74 and its 200 day simple moving average is $4.92. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.58.

AirSculpt Technologies (NASDAQ:AIRS) last issued its earnings results on Tuesday, July 11th. The company reported $0.14 earnings per share (EPS) for the quarter. The business had revenue of $39.54 million for the quarter. AirSculpt Technologies had a negative net margin of 8.79% and a negative return on equity of 15.63%. As a group, sell-side analysts forecast that AirSculpt Technologies, Inc. will post -0.01 earnings per share for the current fiscal year.

About AirSculpt Technologies

AirSculpt Technologies, Inc, together with its subsidiaries, focuses on operating as a holding company for EBS Intermediate Parent LLC that provides body contouring procedure services in the United States. The company offers AirSculpt, a next-generation body contouring procedure that removes unwanted fat and tightens skin in a minimally invasive procedure.