Sei Investments Co. lessened its holdings in shares of e.l.f. Beauty Inc (NYSE:ELF) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 240,094 shares of the company’s stock after selling 16,600 shares during the period. Sei Investments Co.’s holdings in e.l.f. Beauty were worth $5,356,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Essex Investment Management Co. LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth $323,000. 1060 Capital LLC acquired a new stake in e.l.f. Beauty during the 4th quarter worth $3,347,000. Arlington Partners LLC acquired a new position in shares of e.l.f. Beauty in the 4th quarter valued at $396,000. Schwab Charles Investment Management Inc. grew its holdings in shares of e.l.f. Beauty by 13.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 88,329 shares of the company’s stock valued at $1,971,000 after buying an additional 10,176 shares during the period. Finally, Nicholas Investment Partners LP grew its holdings in shares of e.l.f. Beauty by 26.6% in the 3rd quarter. Nicholas Investment Partners LP now owns 87,507 shares of the company’s stock valued at $1,973,000 after buying an additional 18,381 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages have recently issued reports on ELF. Citigroup decreased their price target on shares of e.l.f. Beauty from $24.00 to $22.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. set a $18.00 price target on shares of e.l.f. Beauty and gave the company a “sell” rating in a report on Tuesday. BMO Capital Markets lowered shares of e.l.f. Beauty from an “outperform” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Wednesday. Zacks Investment Research lowered shares of e.l.f. Beauty from a “hold” rating to a “sell” rating in a report on Tuesday, February 20th. Finally, DA Davidson decreased their price target 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. e.l.f. Beauty currently has a consensus rating of “Hold” and an average target price of $22.18.

In related news, insider Scott Milsten sold 9,628 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $20.34, for a total value of $195,833.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 16.50% of the company’s stock.

e.l.f. Beauty Inc (NYSE:ELF) opened at $18.20 on Friday. The stock has a market cap of $861.74, a price-to-earnings ratio of 39.21, a PEG ratio of 2.76 and a beta of 1.68. e.l.f. Beauty Inc has a fifty-two week low of $17.76 and a fifty-two week high of $31.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.17 and a quick ratio of 0.95.

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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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