Ellie Mae Inc (NYSE:ELLI) Shareholder Echo Street Capital Management Llc Trimmed Position by $21.37 Million as Price Declined

May 17, 2018 - By Alex Paulin

Ellie Mae, Inc. (NYSE:ELLI) Corporate LogoDuring Q4 2017 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 increased. 52 increased positions while 32 funds took positions. Funds hold 37.95 million shares thus 7.38% more from 2017Q3’s 35.35 million shares. Bnp Paribas Arbitrage holds 7,066 shs or 0% of its capital. California-based Primecap Management Ca has invested 0.21% in Ellie Mae, Inc. (NYSE:ELLI). Paradigm Asset Ltd Limited Liability Company invested in 0.01% or 600 shs. Fred Alger Management has invested 0.08% of its capital in Ellie Mae, Inc. (NYSE:ELLI). Pnc Finance reported 0% in Ellie Mae, Inc. (NYSE:ELLI). Ameritas Prns holds 2,972 shs. 6,655 are held by Oppenheimer And Incorporated. Lpl Finance Ltd Liability has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). Credit Suisse Ag invested in 0% or 30,936 shs. State Street stated it has 0% of its capital in Ellie Mae, Inc. (NYSE:ELLI). Pub Employees Retirement Association Of Colorado invested in 3,357 shs. Swiss Natl Bank owns 58,600 shs for 0.01% of their capital. Fifth Third Bank holds 764 shs or 0% of its capital. Nordea Invest Mngmt holds 0% in Ellie Mae, Inc. (NYSE:ELLI) or 10,800 shs. Strs Ohio reported 3,100 shs or 0% of all its holdings.

ELLI registered $9.84 million net activity with 0 insider purchases and 35 selling transactions since December 7, 2017. $1.24 million worth of stock was sold by SCHREINER GATES CATHLEEN on Wednesday, January 10. TYRRELL JOSEPH P. had sold 3,399 shs worth $306,859. 1,695 Ellie Mae, Inc. (NYSE:ELLI) shs with value of $153,361 were sold by BROWN BRIAN E.. $105,748 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by Corr Jonathan. On Monday, April 2 $67,088 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by HIRSCH PETER. $516,539 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by BUCCELLATO CARL on Monday, March 26.

The holdings In Ellie Mae Inc (NYSE:ELLI) held by Greg Poole was reduced. According to 2018Q1 Securities and Exchange filling the decrease is 90.99%. The company’s stock Sank 0.57% while Echo Street Capital Management Llc sold 234,868 shares. At the end of 2018Q1, the 23,267 shares of the technology company held by the hedge fund run by Greg Poole were valued at $2.14 million, down from 258,135 at the end of the previous reported quarter. $3.50 billion is Ellie Mae Inc’s market cap. The stock decreased 0.70% or $0.72 during the last trading session, touching $101.99.Currently Ellie Mae, Inc. is downtrending after 6.50% change in last May 17, 2017. ELLI has also 475,733 shares volume. ELLI underperformed by 18.05% the S&P500.

Echo Street Capital Management Llc upped its stake in Meritage Homes Corp (NYSE:MTH) by 315,410 shares to 966,437 shares, valued at $43.73 million in 2018Q1, according to the filing. It manages about $2.68 billion and $3.43B US Long portfolio. Echo Street Capital Management Llc has risen its stake in Mondelez Intl Inc (NASDAQ:MDLZ) and also increased its holding in Crown Castle Intl Corp New (NYSE:CCI) by 217,956 shares in the quarter, for a total of 743,897 shares.

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. The company rating was maintained by KeyBanc Capital Markets on Sunday, November 19. On Friday, April 20 the stock has “Hold” rating by Zelman. In Tuesday, January 9 report Barclays Capital upgraded the stock to “Overweight” rating. On Friday, February 9 the stock has “Buy” rating by Needham. On Monday, April 16 the rating was downgraded by Bank of America to “Neutral”. In Friday, February 9 report Stephens maintained the stock with “Hold” rating. On Wednesday, January 31 the stock of Ellie Mae, Inc. (NYSE:ELLI) earned “Buy” rating by RBC Capital Markets. On Thursday, April 12 the firm earned “Underperform” rating by Wedbush. On Friday, February 9 the stock has “Buy” rating by Bank of America. On Monday, February 5 the stock of Ellie Mae, Inc. (NYSE:ELLI) has “Overweight” rating given by KeyBanc Capital Markets.

Ellie Mae, Inc. provides on-demand software solutions and services for the residential mortgage industry in the United States.The firm is valued at $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.68.91 is the P/E ratio. 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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