Symmetry Peak Management LLC Acquires New Stake in e.l.f. Beauty Inc. (ELF)

Symmetry Peak Management LLC acquired a new stake in e.l.f. Beauty Inc. (NYSE:ELF) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,000 shares of the company’s stock, valued at approximately $1,066,000.

A number of other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in e.l.f. Beauty by 1,683.9% in the first quarter. Morgan Stanley now owns 3,197,658 shares of the company’s stock valued at $92,092,000 after buying an additional 3,018,407 shares in the last quarter. FMR LLC boosted its stake in e.l.f. Beauty by 1,338.1% in the first quarter. FMR LLC now owns 2,723,783 shares of the company’s stock valued at $78,445,000 after buying an additional 2,534,383 shares in the last quarter. TimesSquare Capital Management LLC purchased a new stake in e.l.f. Beauty during the first quarter valued at $19,152,000. Citadel Advisors LLC boosted its stake in e.l.f. Beauty by 2,804.1% in the first quarter. Citadel Advisors LLC now owns 584,022 shares of the company’s stock valued at $16,820,000 after buying an additional 563,912 shares in the last quarter. Finally, Cortina Asset Management LLC purchased a new stake in e.l.f. Beauty during the first quarter valued at $15,355,000. 96.58% of the stock is owned by institutional investors and hedge funds.

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

e.l.f. Beauty Inc. (ELF) traded down 0.11% on Friday, hitting $26.40. 622,856 shares of the stock were exchanged. e.l.f. Beauty Inc. has a 52-week low of $23.73 and a 52-week high of $32.54. The firm’s market cap is $1.21 billion. The company has a 50-day moving average price of $26.23 and a 200-day moving average price of $27.41.

e.l.f. Beauty (NYSE:ELF) last released its earnings results on Wednesday, May 10th. The company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.04. The firm had revenue of $60.60 million during the quarter, compared to the consensus estimate of $59.87 million. The business’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts anticipate that e.l.f. Beauty Inc. will post $0.43 EPS for the current fiscal year.

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ELF has been the subject of several recent analyst reports. BMO Capital Markets set a $38.00 price objective on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of e.l.f. Beauty from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, May 9th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $34.00 price objective on shares of e.l.f. Beauty in a research report on Monday, May 1st. Cowen and Company set a $34.00 price objective on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, May 11th. Finally, Vetr raised shares of e.l.f. Beauty from a “buy” rating to a “strong-buy” rating and set a $33.72 price objective for the company in a research report on Wednesday, February 22nd. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $31.25.

In related news, major shareholder Tpg Growth Ii Advisors, Inc. sold 5,793,720 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $25.85, for a total value of $149,767,662.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tarang Amin sold 592,752 shares of the business’s stock in a transaction that occurred on Wednesday, April 5th. The stock was sold at an average price of $25.85, for a total value of $15,322,639.20. The disclosure for this sale can be found here.

About e.l.f. Beauty

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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