Marshall Wace North America L.P. acquired a new stake in e.l.f. Beauty Inc. (NYSE:ELF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 204,495 shares of the company’s stock, valued at approximately $5,521,000. Marshall Wace North America L.P. owned 0.45% of e.l.f. Beauty at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of e.l.f. Beauty by 4.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 29,556 shares of the company’s stock valued at $852,000 after buying an additional 1,368 shares in the last quarter. Legal & General Group Plc increased its position in e.l.f. Beauty by 63.3% in the second quarter. Legal & General Group Plc now owns 4,155 shares of the company’s stock valued at $112,000 after buying an additional 1,610 shares during the last quarter. Geode Capital Management LLC increased its position in e.l.f. Beauty by 2.2% in the first quarter. Geode Capital Management LLC now owns 100,544 shares of the company’s stock valued at $2,895,000 after buying an additional 2,145 shares during the last quarter. Jane Street Group LLC increased its position in e.l.f. Beauty by 29.6% in the first quarter. Jane Street Group LLC now owns 12,401 shares of the company’s stock valued at $357,000 after buying an additional 2,836 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in e.l.f. Beauty by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 50,987 shares of the company’s stock valued at $1,469,000 after buying an additional 3,421 shares during the last quarter. Institutional investors and hedge funds own 86.06% of the company’s stock.

Shares of e.l.f. Beauty Inc. (NYSE:ELF) opened at 20.36 on Wednesday. The stock has a 50 day moving average price of $24.61 and a 200 day moving average price of $26.23. e.l.f. Beauty Inc. has a 12 month low of $19.15 and a 12 month high of $32.54. The firm’s market capitalization is $938.60 million.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. e.l.f. Beauty had a net margin of 4.16% and a return on equity of 10.54%. The company had revenue of $55.90 million for the quarter, compared to analyst estimates of $55.73 million. The firm’s revenue was up 26.8% compared to the same quarter last year. On average, analysts expect that e.l.f. Beauty Inc. will post $0.46 earnings per share for the current year.

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Several research firms have commented on ELF. Piper Jaffray Companies set a $32.00 target price on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Thursday, August 10th. Stifel Nicolaus set a $25.00 target price on shares of e.l.f. Beauty and gave the stock a “hold” rating in a research report on Thursday, August 10th. BMO Capital Markets set a $38.00 target price on shares of e.l.f. Beauty and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Citigroup Inc. began coverage on shares of e.l.f. Beauty in a research report on Tuesday, July 25th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Zacks Investment Research raised shares of e.l.f. Beauty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $30.98.

In related news, insider John P. Bailey sold 6,159 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $24.72, for a total transaction of $152,250.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tarang Amin sold 47,380 shares of the firm’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $26.09, for a total transaction of $1,236,144.20. The disclosure for this sale can be found here. Insiders have sold 177,237 shares of company stock worth $4,586,569 over the last three months. 16.50% of the stock is owned by insiders.

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

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