Two Sigma Investments LP acquired a new position in e.l.f. Beauty Inc (NYSE:ELF) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,163 shares of the company’s stock, valued at approximately $989,000. Two Sigma Investments LP owned 0.08% of e.l.f. Beauty as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of ELF. Dynamic Technology Lab Private Ltd purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $213,000. TCW Group Inc. purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $603,000. Russell Investments Group Ltd. purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $759,000. Nicholas Investment Partners LP purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $3,043,000. Finally, State Street Corp purchased a new stake in shares of e.l.f. Beauty during the fourth quarter worth about $3,535,000. 60.55% of the stock is owned by institutional investors and hedge funds.
e.l.f. Beauty Inc (NYSE:ELF) traded down 0.90% during mid-day trading on Friday, reaching $27.65. 328,492 shares of the company’s stock traded hands. e.l.f. Beauty Inc has a 12-month low of $23.73 and a 12-month high of $32.54. The company’s market cap is $1.26 billion. The stock has a 50 day moving average of $26.99 and a 200 day moving average of $27.67.
TRADEMARK VIOLATION NOTICE: This story was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright law. The original version of this story can be viewed at https://transcriptdaily.com/2017/04/22/two-sigma-investments-lp-acquires-shares-of-34163-e-l-f-beauty-inc-elf.html.
A number of equities research analysts have issued reports on the stock. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $29.00 price objective on shares of e.l.f. Beauty in a research report on Saturday, March 11th. Zacks Investment Research cut shares of e.l.f. Beauty from a “buy” rating to a “hold” rating in a research note on Monday, March 13th. Cowen and Company reiterated an “outperform” rating and issued a $34.00 target price (up from $32.00) on shares of e.l.f. Beauty in a research note on Saturday, March 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $38.00 target price (up from $36.00) on shares of e.l.f. Beauty in a research note on Saturday, March 11th. Finally, Vetr upgraded shares of e.l.f. Beauty from a “buy” rating to a “strong-buy” rating and set a $33.72 target price on the stock in a research note on Wednesday, February 22nd. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. e.l.f. Beauty has an average rating of “Buy” and an average target price of $31.07.
In other news, insider Tarang Amin sold 592,752 shares of e.l.f. Beauty stock in a transaction on Wednesday, April 5th. The stock was sold at an average price of $25.85, for a total transaction of $15,322,639.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Tpg Growth Ii Advisors, Inc. sold 5,793,720 shares of e.l.f. Beauty stock in a transaction 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 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.
