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

May 17, 2018 - By Nadine Davis

Ellie Mae, Inc. (NYSE:ELLI) Corporate LogoBig Money Sentiment increased to 0.99 in 2017 Q4. It has change of 0.05, from 2017Q3’s 0.94. The ratio is positive due to ELLI positioning: 23 sold and 62 reduced. 32 funds amassed stakes and 52 increased stakes. Investors holded 35.35 million in 2017Q3 but now own 37.95 million shares or 7.38% more. 22,816 were accumulated by Raymond James Associates. New York State Common Retirement Fund invested in 549,931 shs or 0.06% of the stock. Captrust Fincl Advsr holds 0% or 692 shs. Ftb invested in 0% or 130 shs. Cap Fincl Advisers Limited Liability Corporation holds 0% or 2,399 shs. Natixis Asset Mngmt invested 0.51% of its capital in Ellie Mae, Inc. (NYSE:ELLI). 288,010 were accumulated by Mitsubishi Ufj And Bk Corporation. Peak6 Invests L P accumulated 45,854 shs or 0.02% of the stock. Artisan Partners Ltd Partnership owns 411,018 shs or 0.07% of their US capital. Tci Wealth Incorporated holds 0% in Ellie Mae, Inc. (NYSE:ELLI) or 10 shs. Echo Street Mngmt Limited Liability Com owns 258,135 shs for 0.7% of their capital. State Board Of Administration Of Florida Retirement Systems stated it has 0% of its capital in Ellie Mae, Inc. (NYSE:ELLI). Gideon Advsrs reported 3,324 shs. Creative Planning, a Kansas-based fund reported 2,638 shs. Stratos Wealth Prns Limited has invested 0% in Ellie Mae, Inc. (NYSE:ELLI).

ELLI had 35 selling transactions and 0 insider buys since December 7, 2017. This’s net activity of $9.84 million. $42,757 worth of Ellie Mae, Inc. (NYSE:ELLI) was sold by BROWN BRIAN E.. On Monday, April 2 Shares for $67,088 were sold by HIRSCH PETER. Shares for $51,690 were sold by TYRRELL JOSEPH P.. On Wednesday, February 21 a trade for 2,256 shs valued at $206,808 was made by SCHREINER GATES CATHLEEN. On Monday, April 2 Anderman Sigmund also sold $21,992 worth of Ellie Mae, Inc. (NYSE:ELLI). 2,212 Ellie Mae, Inc. (NYSE:ELLI) shs with value of $196,768 were sold by Corr Jonathan.

In Ellie Mae Inc (NYSE:ELLI) was reduced the stake held by Greg Poole. The decrease 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. 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. $3.50B is the MC of Ellie Mae Inc. ELLI reached $101.99 during the last trading session after $0.72 change.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 manages about $2.68 billion and $3.43 billion US Long portfolio. According to a filing the fund increased its stake in Praxair Inc (NYSE:PX) by 231,056 shares to 311,188 shares, valued at $44.90M in 2018Q1. For a total of 1.17M shares it increased its holding in Grace W R & Co Del New (NYSE:GRA) by 315,426 shares in the quarter, and has risen its stake in Federal Realty Invt Tr (NYSE:FRT).

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 Friday, February 9 Bank of America maintained Ellie Mae, Inc. (NYSE:ELLI) rating. Bank of America has “Buy” rating and $110 target. On Friday, February 9 the rating was maintained by Stephens with “Hold”. On Monday, April 16 the firm has “Neutral” rating given by Bank of America. On Sunday, November 19 the firm has “Buy” rating given by KeyBanc Capital Markets. In Monday, February 5 report KeyBanc Capital Markets maintained it with “Overweight” rating and $118 target. On Friday, February 9 Needham maintained Ellie Mae, Inc. (NYSE:ELLI) with “Buy” rating. On Wednesday, January 31 the stock has “Buy” rating by RBC Capital Markets. In Thursday, April 12 report Wedbush downgraded the stock to “Underperform” rating. On Friday, April 20 the firm earned “Hold” rating by Zelman. The stock rating was maintained by Compass Point with “Sell” on Friday, April 27.

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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