Fidelity Management & Research Co recently announced the acquisition of new stake in Olaplex Holdings Inc. (NASDAQ:OLPX). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.37% to 38.27 million shares with purchase of 0.52 million shares. This fresh investment now brings its stake to 5.87% valued currently at $141.59 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.19 million to 8.77 million shares. And Janus Henderson Investors US LLC has lifted its position by 5.29% or 0.26 million shares – to 5.19 million shares.
With over 1.61 million Olaplex Holdings Inc. (OLPX) shares trading Friday and a closing price of $3.36 on the day, the dollar volume was approximately $5.41 million. The shares have shown a negative half year performance of -40.74% and its price on 05/19/23 gained nearly 0.90%. Currently, there are 651.73M common shares owned by the public and among those 647.22M shares have been available to trade.
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Insiders at the company have transacted a total of 10 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 215,264 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Olaplex Holdings Inc. are Fidelity Growth Company Fund, Pacer Fds. Tr. – US Cash Cows 100, and Government Pension Fund – Global. Fidelity Growth Company Fund owns 3.84 million shares of the company’s stock, all valued at over $14.21 million. The company sold 51015.0 shares recently to bring their total holdings to about 0.59% of the shares outstanding. Pacer Fds. Tr. – US Cash Cows 100 bought 1908.0 shares to see its total holdings expand to 3.61 million shares valued at over $13.35 million and representing 0.55% of the shares outstanding. Government Pension Fund – Global sold -4.15 million shares to bring its total holdings to over 3.58 million shares at a value of $13.24 million. Government Pension Fund – Global now owns shares totaling to 0.55% of the shares outstanding.
Shares of Olaplex Holdings Inc. (NASDAQ: OLPX) opened at $3.32, down -$0.01 from a prior closing price of $3.33. However, the script later moved the day high at 3.4150, up 0.90%. The company’s stock has a 5-day price change of -4.00% and -38.80% over the past three months. OLPX shares are trading -35.51% year to date (YTD), with the 12-month market performance down to -75.86% lower. It has a 12-month low price of $3.25 and touched a high of $18.23 over the same period. OLPX has an average intraday trading volume of 2.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.44%, -13.13%, and -51.78% respectively.
Institutional ownership of Olaplex Holdings Inc. (NASDAQ: OLPX) shares accounts for 101.78% of the company’s 651.73M shares outstanding. Mutual fund holders own 11.78%, while other institutional holders and individual stakeholders account for 80.45% and 10.33% respectively.
It has a market capitalization of $2.18B. The stock’s trailing 12-month PE ratio is 11.43, while the earnings-per-share (ttm) stands at $0.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.59% over the week and 6.37% over the month.
Analysts forecast that Olaplex Holdings Inc. (OLPX) will achieve an EPS of $0.05 for the current quarter, $0.09 for the next quarter and $0.32 for 2024. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was $0.14 a year ago. Earnings per share for the fiscal year are expected to increase by 10.40%, and 18.80% over the next financial year.
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