GSA Capital Partners LLP Raises Stock Holdings in Sally Beauty Holdings, Inc. (NYSE:SBH)

GSA Capital Partners LLP lifted its holdings in Sally Beauty Holdings, Inc. (NYSE:SBH) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 147,407 shares of the specialty retailer’s stock after buying an additional 4,525 shares during the quarter. GSA Capital Partners LLP’s holdings in Sally Beauty were worth $2,000,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Victory Capital Management Inc. raised its holdings in shares of Sally Beauty by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,504,710 shares of the specialty retailer’s stock worth $37,606,000 after buying an additional 48,497 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sally Beauty by 34.0% in the second quarter. Dimensional Fund Advisors LP now owns 3,287,674 shares of the specialty retailer’s stock worth $35,276,000 after buying an additional 833,720 shares during the period. Invenomic Capital Management LP raised its holdings in shares of Sally Beauty by 96.8% in the first quarter. Invenomic Capital Management LP now owns 1,223,728 shares of the specialty retailer’s stock worth $15,199,000 after buying an additional 601,903 shares during the period. Marshall Wace LLP purchased a new stake in shares of Sally Beauty in the second quarter worth approximately $11,796,000. Finally, Bank of New York Mellon Corp increased its holdings in Sally Beauty by 1.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 985,489 shares of the specialty retailer’s stock worth $10,574,000 after purchasing an additional 9,924 shares during the period.

Sally Beauty Stock Down 2.4 %

Shares of NYSE SBH opened at $12.79 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 0.40 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $1.31 billion, a PE ratio of 9.33 and a beta of 1.53. The stock’s fifty day simple moving average is $12.90 and its two-hundred day simple moving average is $11.83. Sally Beauty Holdings, Inc. has a 12-month low of $8.12 and a 12-month high of $13.96.

Analyst Ratings Changes

Several research analysts have commented on the company. StockNews.com upgraded Sally Beauty from a “hold” rating to a “buy” rating in a report on Monday, September 16th. DA Davidson restated a “neutral” rating and set a $12.00 price objective on shares of Sally Beauty in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $11.00.

Sally Beauty Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.