Aquatic Capital Management LLC Sells 16,849 Shares of e.l.f. Beauty, Inc. (NYSE:ELF)

Aquatic Capital Management LLC lowered its holdings in e.l.f. Beauty, Inc. (NYSE:ELF - Free Report) by 12.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,851 shares of the company's stock after selling 16,849 shares during the quarter. Aquatic Capital Management LLC owned 0.21% of e.l.f. Beauty worth $14,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Kovitz Investment Group Partners LLC boosted its holdings in shares of e.l.f. Beauty by 33.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 12,951 shares of the company's stock worth $1,626,000 after buying an additional 3,230 shares during the last quarter. Oberweis Asset Management Inc. lifted its holdings in shares of e.l.f. Beauty by 258.6% in the fourth quarter. Oberweis Asset Management Inc. now owns 137,700 shares of the company's stock worth $17,288,000 after buying an additional 99,300 shares in the last quarter. Voya Investment Management LLC increased its position in e.l.f. Beauty by 13.3% in the fourth quarter. Voya Investment Management LLC now owns 98,264 shares of the company's stock worth $12,337,000 after purchasing an additional 11,569 shares during the last quarter. RiverPark Advisors LLC increased its position in e.l.f. Beauty by 34.9% during the fourth quarter. RiverPark Advisors LLC now owns 1,271 shares of the company's stock valued at $160,000 after acquiring an additional 329 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in e.l.f. Beauty by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 16,465 shares of the company's stock valued at $2,067,000 after acquiring an additional 4,926 shares during the last quarter. Hedge funds and other institutional investors own 92.44% of the company's stock.

e.l.f. Beauty Stock Performance

Shares of NYSE ELF traded up $0.41 during trading hours on Thursday, reaching $62.28. The stock had a trading volume of 899,650 shares, compared to its average volume of 2,346,762. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 6.76 and a beta of 1.41. The company has a current ratio of 1.90, a quick ratio of 1.17 and a debt-to-equity ratio of 0.20. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77. The firm has a 50-day moving average of $61.75 and a 200-day moving average of $96.67.

e.l.f. Beauty (NYSE:ELF - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.35). e.l.f. Beauty had a net margin of 7.55% and a return on equity of 16.88%. Equities research analysts predict that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial cut their price objective on shares of e.l.f. Beauty from $100.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Morgan Stanley reissued an "equal weight" rating and set a $70.00 price objective (down from $153.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group lowered their price objective on e.l.f. Beauty from $174.00 to $105.00 and set a "buy" rating on the stock in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their target price on e.l.f. Beauty from $127.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler decreased their target price on shares of e.l.f. Beauty from $90.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $116.88.

Insider Buying and Selling

In related news, CEO Tarang Amin sold 97,915 shares of e.l.f. Beauty stock in a transaction on Monday, April 21st. The shares were sold at an average price of $53.36, for a total transaction of $5,224,744.40. Following the sale, the chief executive officer now owns 181,289 shares of the company's stock, valued at $9,673,581.04. The trade was a 35.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Maureen C. Watson sold 4,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $67.39, for a total transaction of $269,560.00. Following the completion of the transaction, the director now owns 1,888 shares in the company, valued at $127,232.32. This represents a 67.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 204,618 shares of company stock worth $10,974,536 in the last three months. Corporate insiders own 3.50% of the company's stock.

e.l.f. Beauty Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.