Maverick Capital Ltd. Sells 135,646 Shares of e.l.f. Beauty Inc (NYSE:ELF)

Maverick Capital Ltd. cut its stake in shares of e.l.f. Beauty Inc (NYSE:ELF) by 23.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443,745 shares of the company’s stock after selling 135,646 shares during the quarter. Maverick Capital Ltd. owned 0.89% of e.l.f. Beauty worth $4,366,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Advisor Group Holdings Inc. bought a new stake in shares of e.l.f. Beauty during the 1st quarter valued at approximately $29,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of e.l.f. Beauty by 89.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,448 shares of the company’s stock valued at $34,000 after purchasing an additional 1,631 shares during the last quarter. NumerixS Investment Technologies Inc grew its holdings in shares of e.l.f. Beauty by 111.8% during the 4th quarter. NumerixS Investment Technologies Inc now owns 3,600 shares of the company’s stock valued at $58,000 after purchasing an additional 1,900 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in e.l.f. Beauty during the 1st quarter worth approximately $104,000. Finally, Oppenheimer Asset Management Inc. boosted its position in e.l.f. Beauty by 80.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 12,059 shares of the company’s stock worth $119,000 after buying an additional 5,382 shares during the period. 85.49% of the stock is currently owned by institutional investors.

Several research firms recently commented on ELF. Morgan Stanley lifted their target price on shares of e.l.f. Beauty from $13.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Jefferies Financial Group lifted their target price on shares of e.l.f. Beauty from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 22nd. Zacks Investment Research downgraded shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research report on Friday, April 24th. Oppenheimer reiterated a “hold” rating on shares of e.l.f. Beauty in a research report on Thursday, May 21st. Finally, ValuEngine upgraded shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. e.l.f. Beauty presently has a consensus rating of “Hold” and a consensus price target of $18.95.

In related news, insider Mandy J. Fields sold 10,653 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $18.50, for a total value of $197,080.50. Following the transaction, the insider now directly owns 173,233 shares of the company’s stock, valued at approximately $3,204,810.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Tarang Amin sold 114,298 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $16.11, for a total transaction of $1,841,340.78. The disclosure for this sale can be found here. Insiders sold a total of 273,896 shares of company stock worth $4,662,332 over the last three months. 17.10% of the stock is owned by insiders.

ELF stock traded down $0.32 during midday trading on Wednesday, reaching $17.85. 3,878 shares of the company’s stock traded hands, compared to its average volume of 747,136. The company has a market cap of $889.68 million, a price-to-earnings ratio of 50.83 and a beta of 2.33. The firm’s fifty day moving average price is $15.91 and its 200-day moving average price is $14.67. The company has a quick ratio of 1.69, a current ratio of 2.59 and a debt-to-equity ratio of 0.57. e.l.f. Beauty Inc has a 52 week low of $7.58 and a 52 week high of $20.00.

e.l.f. Beauty (NYSE:ELF) last announced its quarterly earnings results on Thursday, May 21st. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. The business had revenue of $74.71 million during the quarter, compared to analyst estimates of $64.11 million. e.l.f. Beauty had a net margin of 6.32% and a return on equity of 8.43%. e.l.f. Beauty’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. Analysts forecast that e.l.f. Beauty Inc will post 0.25 earnings per share for the current year.

About e.l.f. Beauty

e.l.f. Beauty, Inc, a beauty company, provides cosmetic and skin care products under the e.l.f. brand name worldwide. The company offers eye, lip, face, and skin care products, as well as kits and tools. It sells its products through national and international retailers and 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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