Arlington Partners LLC purchased a new stake in shares of e.l.f. Beauty Inc (NYSE:ELF) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 17,750 shares of the company’s stock, valued at approximately $396,000.
Other hedge funds have also made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of e.l.f. Beauty by 63.3% during the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock worth $112,000 after purchasing an additional 1,610 shares in the last quarter. Citigroup Inc. grew its position in shares of e.l.f. Beauty by 130.5% during the second quarter. Citigroup Inc. now owns 5,662 shares of the company’s stock worth $154,000 after acquiring an additional 3,206 shares during the last quarter. Voya Investment Management LLC bought a new position in shares of e.l.f. Beauty during the second quarter worth about $255,000. New England Research & Management Inc. bought a new position in shares of e.l.f. Beauty during the third quarter worth about $246,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of e.l.f. Beauty by 91.4% during the second quarter. The Manufacturers Life Insurance Company now owns 17,097 shares of the company’s stock worth $465,000 after acquiring an additional 8,163 shares during the last quarter. 90.04% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the stock. DA Davidson reduced their price objective on shares of e.l.f. Beauty to $23.00 and set a “buy” rating for the company in a report on Monday, January 15th. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a report on Friday, January 12th. Wells Fargo & Co reiterated a “hold” rating on shares of e.l.f. Beauty in a report on Monday, January 8th. KeyCorp initiated coverage on e.l.f. Beauty in a report on Wednesday, December 20th. They issued a “sector weight” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.31.
Shares of e.l.f. Beauty Inc (NYSE:ELF) traded down $0.08 during trading hours on Tuesday, hitting $19.77. The stock had a trading volume of 3,842 shares, compared to its average volume of 529,868. e.l.f. Beauty Inc has a 52 week low of $18.20 and a 52 week high of $31.10. The firm has a market capitalization of $918.26 and a price-to-earnings ratio of 52.24. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.95 and a current ratio of 2.17.
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e.l.f. Beauty 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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