Crcm LP Purchases Shares of 3,074,400 PLBY Group, Inc. (NASDAQ:PLBY)

Crcm LP bought a new position in shares of PLBY Group, Inc. (NASDAQ:PLBY) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,074,400 shares of the company’s stock, valued at approximately $4,489,000. PLBY Group accounts for approximately 1.8% of Crcm LP’s holdings, making the stock its 4th largest holding.

Separately, J2 Capital Management Inc acquired a new position in shares of PLBY Group during the fourth quarter worth approximately $43,000. 32.46% of the stock is currently owned by hedge funds and other institutional investors.

PLBY Group Stock Down 10.4 %

Shares of NASDAQ:PLBY opened at $1.20 on Tuesday. PLBY Group, Inc. has a 52 week low of $0.52 and a 52 week high of $2.44. The company has a debt-to-equity ratio of 12.49, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $112.48 million, a PE ratio of -1.25 and a beta of 2.32. The company has a 50 day moving average price of $1.69 and a two-hundred day moving average price of $1.25.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PLBY shares. Roth Capital upgraded shares of PLBY Group to a “strong-buy” rating in a research report on Friday, January 31st. Roth Mkm started coverage on shares of PLBY Group in a research report on Friday, January 31st. They set a “buy” rating and a $3.00 target price on the stock.

PLBY Group Company 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.