Charles Schwab Investment Management Inc. Sells 12,127 Shares of AirSculpt Technologies, Inc. (NASDAQ:AIRS)

Charles Schwab Investment Management Inc. trimmed its position in AirSculpt Technologies, Inc. (NASDAQ:AIRS) by 8.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,705 shares of the company’s stock after selling 12,127 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in AirSculpt Technologies were worth $637,000 at the end of the most recent reporting period.

Separately, SW Investment Management LLC boosted its holdings in shares of AirSculpt Technologies by 5.0% in the 2nd quarter. SW Investment Management LLC now owns 4,500,000 shares of the company’s stock valued at $18,000,000 after purchasing an additional 213,677 shares in the last quarter. Hedge funds and other institutional investors own 91.54% of the company’s stock.

AirSculpt Technologies Stock Performance

Shares of AirSculpt Technologies stock opened at $5.85 on Thursday. The company’s 50 day moving average price is $6.42 and its two-hundred day moving average price is $5.06. The firm has a market capitalization of $338.61 million, a P/E ratio of -41.79 and a beta of 1.64. AirSculpt Technologies, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $9.20. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.51 and a quick ratio of 0.51.

AirSculpt Technologies (NASDAQ:AIRS) last posted its earnings results on Friday, November 8th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.05). The business had revenue of $42.55 million for the quarter, compared to the consensus estimate of $42.49 million. AirSculpt Technologies had a positive return on equity of 2.22% and a negative net margin of 4.13%. During the same period in the previous year, the firm earned ($0.01) earnings per share. On average, equities analysts forecast that AirSculpt Technologies, Inc. will post 0.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on AirSculpt Technologies in a report on Thursday, October 17th. They set a “neutral” rating for the company.

Insider Buying and Selling

In other news, CEO Dennis Dean sold 24,510 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $6.54, for a total transaction of $160,295.40. Following the completion of the sale, the chief executive officer now directly owns 582,052 shares in the company, valued at $3,806,620.08. This represents a 4.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 78.77% of the stock is owned by corporate insiders.

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.