Graham Capital Management L.P. Makes New Investment in e.l.f. Beauty, Inc. (NYSE:ELF)

Graham Capital Management L.P. purchased a new position in shares of e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 7,810 shares of the company’s stock, valued at approximately $981,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of e.l.f. Beauty by 3.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,872 shares of the company’s stock worth $361,000 after buying an additional 91 shares during the last quarter. Truist Financial Corp raised its stake in shares of e.l.f. Beauty by 1.3% during the 4th quarter. Truist Financial Corp now owns 7,885 shares of the company’s stock worth $990,000 after buying an additional 102 shares during the last quarter. Arizona State Retirement System raised its stake in shares of e.l.f. Beauty by 0.8% during the 4th quarter. Arizona State Retirement System now owns 16,365 shares of the company’s stock worth $2,055,000 after buying an additional 128 shares during the last quarter. Treasurer of the State of North Carolina raised its stake in shares of e.l.f. Beauty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,630 shares of the company’s stock worth $2,967,000 after buying an additional 140 shares during the last quarter. Finally, Atria Wealth Solutions Inc. raised its stake in shares of e.l.f. Beauty by 7.7% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,089 shares of the company’s stock worth $262,000 after buying an additional 150 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

e.l.f. Beauty Stock Up 5.8%

Shares of NYSE:ELF opened at $78.35 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. e.l.f. Beauty, Inc. has a 1 year low of $49.40 and a 1 year high of $219.77. The stock has a market capitalization of $4.42 billion, a P/E ratio of 46.36, a PEG ratio of 6.76 and a beta of 1.31. The stock has a 50-day simple moving average of $61.83 and a 200-day simple moving average of $94.07.

Insider Transactions at e.l.f. Beauty

In other news, CEO Tarang Amin sold 97,915 shares of the business’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the completion of the sale, the chief executive officer now owns 181,289 shares in the company, valued at approximately $9,673,581.04. The trade was a 35.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the sale, the director now owns 1,888 shares of the company’s stock, valued at $127,232.32. The trade was a 67.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 204,618 shares of company stock worth $10,974,536. 3.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Piper Sandler cut their target price on shares of e.l.f. Beauty from $90.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 30th. Canaccord Genuity Group cut their target price on shares of e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. UBS Group cut their target price on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group cut their target price on shares of e.l.f. Beauty from $142.00 to $124.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Finally, B. Riley reissued a “buy” rating and issued a $90.00 target price (down previously from $150.00) on shares of e.l.f. Beauty in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.88.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.