Ellie Mae Inc (NYSE:ELLI) Shareholder Echo Street Capital Management Llc Trimmed Position as Price Declined

May 17, 2018 - By James Rodriguez

Ellie Mae, Inc. (NYSE:ELLI) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 0.99. That’s change of 0.05, from 2017Q3’s 0.94. 23 investors sold all, 62 reduced holdings as ELLI ratio is positive. 52 rose stakes while 32 funds amassed stakes. Funds hold 37.95 million shares thus 7.38% more from 2017Q3’s 35.35 million shares. Keybank Natl Association Oh has 5,676 shs for 0% of their capital. Fifth Third Fincl Bank invested in 764 shs or 0% of the stock. Vanguard Grp Incorporated, Pennsylvania-based fund reported 2.78M shs. Harris Associates L P has 12,485 shs. Clarivest Asset Management Lc holds 10,800 shs or 0.02% of its capital. Citigroup holds 0% or 3,211 shs. Brown Advisory Inc stated it has 7,076 shs or 0% of all its holdings. Cubist Systematic Strategies Limited Liability Co accumulated 1,150 shs or 0.01% of the stock. Frontier Cap Ltd Liability Corp reported 0.21% stake. Oppenheimer Asset Management holds 0.02% of its capital in Ellie Mae, Inc. (NYSE:ELLI) for 11,015 shs. 1.30M were accumulated by Fmr Limited. Jefferies Grp Ltd Com holds 3,268 shs or 0% of its capital. State Of Wisconsin Board holds 0.01% or 33,000 shs. Principal Group Incorporated Incorporated owns 4,029 shs. Alliancebernstein Limited Partnership, New York-based fund reported 50,973 shs.

ELLI had 35 insider sales and 0 insider purchases since December 7, 2017. This’s net activity of $9.84 million. Corr Jonathan sold $211,128 worth of stock. On Thursday, February 15 Shares for $251,333 were sold by SCHREINER GATES CATHLEEN. On Wednesday, February 21 TYRRELL JOSEPH P. sold $315,804 worth of Ellie Mae, Inc. (NYSE:ELLI). 3,000 shs were sold by DOLAN A BARR, worth $286,557 on Tuesday, May 1. 5,666 shs were sold by BUCCELLATO CARL, worth $516,539. On Thursday, February 15 2,081 shs were sold by BROWN BRIAN E., worth $186,186.

In Ellie Mae Inc (NYSE:ELLI) was decreased the stake held by Greg Poole. The reduction is 90.99% according to 2018Q1 Securities and Exchange form. The company’s stock Sank 0.57% while Echo Street Capital Management Llc sold 234,868 shares. The technology company at the end of 2018Q1 was priced at $2.14M. It’s down from 258,135 at the end of the previous reported quarter. Now it had 23,267 shares held by the hedge fund run by Greg Poole. Ellie Mae Inc has $3.50B market cap. ELLI is touching $101.99 during the last trading session, after decreased 0.70%.Ellie Mae, Inc. has volume of 475,733 shares. Since May 17, 2017 ELLI has declined 6.50% and is downtrending. The stock underperformed the S&P500 by 18.05%.

The Echo Street Capital Management Llc’s stake in Global Pmts Inc (NYSE:GPN) was upped by 295,377 shares to 756,088 shares valued at $84.32M in 2018Q1, according to the filing. It operates about $2.68B and $3.43 billion US Long portfolio. For a total of 1.80M shares it increased its holding in Mondelez Intl Inc (NASDAQ:MDLZ) by 295,105 shares in the quarter, and has risen its stake in Agilent Technologies Inc (NYSE:A).

Greg Poole, founder of Echo Street Capital, is a former employee of Goldman Sachs. He focuses his tactics on special situations, event driven, the real estate sector, and traditional long and short strategies. Echo Street Capital Management Llc is a New York-based hedge fund that was founded by Greg Poole. It had more than $2.68 billion assets under management in November, 2014. Taken from Echo Street Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 9 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Ellie Mae, Inc. (NYSE:ELLI) Ratings Coverage

Total analysts of 10 have positions in Ellie Mae Inc (NYSE:ELLI) as follows: 4 rated it a “Buy”, 2 with “Sell” and 4 with “Hold”. The positive are 40%. Since November 19, 2017 according to StockzIntelligence Inc Ellie Mae Inc has 13 analyst reports. On Friday, February 9 Needham maintained the shares of ELLI in report with “Buy” rating. On Friday, April 27 Compass Point maintained Ellie Mae, Inc. (NYSE:ELLI) with “Sell” rating. On Friday, April 20 the stock has “Hold” rating by Zelman. On Thursday, April 12 the rating was downgraded by Wedbush to “Underperform”. The company rating was maintained by Morgan Stanley on Tuesday, January 30. On Tuesday, January 9 the stock of Ellie Mae, Inc. (NYSE:ELLI) has “Overweight” rating given by Barclays Capital. In Friday, February 9 report Bank of America maintained the stock with “Buy” rating. The stock rating was maintained by KeyBanc Capital Markets with “Buy” on Sunday, November 19. On Monday, April 16 Bank of America downgraded Ellie Mae, Inc. (NYSE:ELLI) to “Neutral” rating. On Friday, February 9 the stock has “Hold” rating by Stephens.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States.The firm is worth $3.50 billion. The firm provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network.The P/E ratio is 68.91. The Company’s Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, Encompass Compliance Service, and Encompass Docs Solution as integrated components; Encompass Docs Solution, a disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.

Ellie Mae, Inc. (NYSE:ELLI) Institutional Investors Chart

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