Fred Alger Management Inc. lessened its holdings in shares of e.l.f. Beauty Inc (NYSE:ELF) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 522,982 shares of the company’s stock after selling 51,992 shares during the quarter. Fred Alger Management Inc.’s holdings in e.l.f. Beauty were worth $11,668,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Champlain Investment Partners LLC lifted its holdings in e.l.f. Beauty by 11.2% during the 4th quarter. Champlain Investment Partners LLC now owns 2,749,980 shares of the company’s stock worth $61,352,000 after buying an additional 277,000 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in e.l.f. Beauty by 22.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 1,746,500 shares of the company’s stock worth $39,384,000 after buying an additional 316,500 shares during the last quarter. Ameriprise Financial Inc. bought a new position in e.l.f. Beauty during the 3rd quarter worth approximately $20,359,000. Elk Creek Partners LLC lifted its holdings in e.l.f. Beauty by 12.6% during the 3rd quarter. Elk Creek Partners LLC now owns 473,904 shares of the company’s stock worth $10,687,000 after buying an additional 52,870 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its holdings in e.l.f. Beauty by 320.4% during the 3rd quarter. Stephens Investment Management Group LLC now owns 417,482 shares of the company’s stock worth $9,414,000 after buying an additional 318,186 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.
A number of research analysts have commented on ELF shares. Wells Fargo & Co reaffirmed a “hold” rating on shares of e.l.f. Beauty in a report on Monday, January 8th. DA Davidson reduced their target price on e.l.f. Beauty to $23.00 and set a “buy” rating on the stock in a report on Monday, January 15th. JPMorgan Chase & Co. downgraded e.l.f. Beauty from a “neutral” rating to an “underweight” rating and set a $18.00 target price on the stock. in a report on Friday, December 15th. Zacks Investment Research downgraded e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Finally, KeyCorp started coverage on e.l.f. Beauty in a report on Wednesday, December 20th. They set a “sector weight” rating on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.18.
Shares of e.l.f. Beauty Inc (NYSE ELF) opened at $19.92 on Friday. The stock has a market capitalization of $931.42, a P/E ratio of 42.38, a P/E/G ratio of 3.03 and a beta of 1.68. e.l.f. Beauty Inc has a 1-year low of $17.76 and a 1-year high of $29.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.41 and a quick ratio of 0.95.
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e.l.f. Beauty Company Profile
e.l.f. Beauty, Inc, formerly J.A. Cosmetics Holdings, Inc, is a cosmetic company. The Company conducts its business under the name e.l.f. Cosmetics, and offers products for eyes, lips and face to consumers through its retail customers, e.l.f. stores and e-commerce channels. The Company offers a range of products for eyes, such as eyeshadow, eyeliner, mascara and eyelashes, eyebrows, concealer and primer, brushes and tools, and sets and palettes.
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