Ellie Mae Inc (NYSE:ELLI) Price Declined While Echo Street Capital Management Llc Lowered Its Position by $21.37 Million

May 17, 2018 - By Richard Slagle

Ellie Mae, Inc. (NYSE:ELLI) Corporate LogoBig Money Sentiment increased to 0.99 in Q4 2017. It has change of 0.05, from 2017Q3’s 0.94. The ratio improved due to ELLI positioning: 23 sold and 62 reduced. 32 funds bought positions and 52 increased positions. Investors holded 35.35 million in 2017Q3 but now own 37.95 million shares or 7.38% more. 11,015 were accumulated by Oppenheimer Asset Mgmt. Invesco, Georgia-based fund reported 8,319 shs. 186,905 were reported by Hermes Invest Mgmt. Nordea Investment Management Ab holds 0% or 10,800 shs in its capital. Asset Management One stated it has 1,892 shs. Bamco Ny holds 0.03% of its capital in Ellie Mae, Inc. (NYSE:ELLI) for 69,528 shs. Putnam Invests Ltd has invested 0.03% in Ellie Mae, Inc. (NYSE:ELLI). 210,565 were reported by Fred Alger. Jane Street reported 5,288 shs or 0% of all its holdings. Brown Advisory Incorporated invested in 0% or 7,076 shs. X Llc stated it has 0.04% of its capital in Ellie Mae, Inc. (NYSE:ELLI). Baillie Gifford Company owns 839,372 shs. Primecap Mngmt Ca reported 3.11M shs. Moreover, California State Teachers Retirement has 0.01% invested in Ellie Mae, Inc. (NYSE:ELLI). Atria Invs Limited Liability Corporation reported 2,917 shs.

ELLI had 35 sales and 0 insider buys since December 7, 2017. This’s net activity of $9.84 million. On Tuesday, March 6 3,113 shs were sold by Corr Jonathan, worth $288,161. Another trade for 2,256 shs valued at $206,808 was made by SCHREINER GATES CATHLEEN on Wednesday, February 21. On Thursday, February 15 $306,859 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by TYRRELL JOSEPH P.. On Tuesday, May 1 $286,557 worth of stock was sold by DOLAN A BARR. 531 shs were sold by LaVay Matthew, worth $48,776. On Monday, March 26 5,666 shs were sold by BUCCELLATO CARL, worth $516,539.

In 2018Q1 SEC form is reported Greg Poole’s holdings in Ellie Mae Inc (NYSE:ELLI) which was decreased by 90.99%. By selling 234,868 shares Echo Street Capital Management Llc made the stock Sank with 0.57%. The technology company at the end of 2018Q1 was valued at $2.14 million. 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 MC. ELLI is touching $101.99 during the last trading session, after decreased 0.70%.Currently Ellie Mae, Inc. is downtrending after 6.50% change in last May 17, 2017. ELLI has also 475,733 shares volume. The stock underperformed the S&P500 by 18.05%.

Echo Street Capital Management Llc operates about $2.68B and $3.43B US Long portfolio. Its stake in Cerner Corp (NASDAQ:CERN) was increased by 174,869 shares to 400,103 shares valued at $23.21M in 2018Q1, according to the filing. For a total of 346,308 shares it increased its holding in Regency Ctrs Corp (NYSE:REG) by 301,408 shares in the quarter, and has risen its stake in Meritage Homes Corp (NYSE:MTH).

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

A total of 10 analysts rate Ellie Mae Inc (NYSE:ELLI) as follows: 4 “Buy”, 4 “Hold” and 2 “Sell”. Тherefore 40% are bullish. (NYSE:ELLI) has 13 ratings reports on May 17, 2018 according to StockzIntelligence. On Wednesday, January 31 the stock has “Buy” rating by RBC Capital Markets. On Friday, February 9 Stephens maintained the shares of ELLI in report with “Hold” rating. The stock rating was downgraded by Wedbush to “Underperform” on Thursday, April 12. On Friday, February 9 the stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Buy” rating by Needham. On Tuesday, January 9 the rating was upgraded by Barclays Capital to “Overweight”. On Friday, February 9 the firm has “Buy” rating by Bank of America given. On Sunday, November 19 the firm has “Buy” rating by KeyBanc Capital Markets given. On Monday, April 16 the firm earned “Neutral” rating by Bank of America. In Tuesday, January 30 report Morgan Stanley maintained the stock with “Equal-Weight” rating. On Friday, April 27 the stock of Ellie Mae, Inc. (NYSE:ELLI) has “Sell” rating given by Compass Point.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States.The company has $3.50 billion market cap. 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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