Engineers Gate Manager LP Boosts Holdings in e.l.f. Beauty Inc (ELF)

Engineers Gate Manager LP raised its holdings in shares of e.l.f. Beauty Inc (NYSE:ELF) by 74.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 69,189 shares of the company’s stock after purchasing an additional 29,607 shares during the period. Engineers Gate Manager LP’s holdings in e.l.f. Beauty were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ELF. Diversified Trust Co purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $169,000. Nisa Investment Advisors LLC purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $207,000. Fox Run Management L.L.C. purchased a new position in shares of e.l.f. Beauty in the 2nd quarter worth approximately $211,000. MetLife Investment Advisors LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $225,000. Finally, Millennium Management LLC purchased a new position in shares of e.l.f. Beauty in the 4th quarter worth approximately $458,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ELF opened at $11.25 on Friday. The company has a market cap of $484.38 million, a price-to-earnings ratio of 23.46, a P/E/G ratio of 1.84 and a beta of 1.16. e.l.f. Beauty Inc has a twelve month low of $9.30 and a twelve month high of $25.00. The company has a current ratio of 3.58, a quick ratio of 1.72 and a debt-to-equity ratio of 0.70.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, August 8th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.07. The company had revenue of $59.06 million for the quarter, compared to the consensus estimate of $59.20 million. e.l.f. Beauty had a net margin of 10.52% and a return on equity of 11.60%. e.l.f. Beauty’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 EPS. equities research analysts expect that e.l.f. Beauty Inc will post 0.39 earnings per share for the current year.

In related news, CEO Tarang Amin bought 65,600 shares of the company’s stock in a transaction on Tuesday, August 14th. The shares were bought at an average price of $10.76 per share, with a total value of $705,856.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Maureen C. Watson sold 4,000 shares of e.l.f. Beauty stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $18.69, for a total transaction of $74,760.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,300 shares of company stock worth $858,418. 15.50% of the stock is owned by insiders.

ELF has been the topic of a number of analyst reports. SunTrust Banks cut their price objective on shares of e.l.f. Beauty to $14.00 and set a “buy” rating on the stock in a research report on Monday. TheStreet downgraded shares of e.l.f. Beauty from a “c-” rating to a “d+” rating in a research report on Monday, July 16th. Stifel Nicolaus cut their price objective on shares of e.l.f. Beauty from $17.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, August 9th. Jefferies Financial Group downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $18.00 to $30.00 in a research report on Thursday, August 9th. Finally, BMO Capital Markets set a $13.00 price objective on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Wednesday, August 8th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.44.

About e.l.f. Beauty

e.l.f. Beauty, Inc operates as a beauty company. The company offers cosmetics, including face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits; and skin care products under the e.l.f. brand name. It sells its products through direct-to-consumer channels, which include e-commerce and e.l.f.

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Institutional Ownership by Quarter for e.l.f. Beauty (NYSE:ELF)

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