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

May 17, 2018 - By Brenda Gibbons

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 increased. 52 grew holdings while 32 funds acquired holdings. Funds hold 37.95 million shares thus 7.38% more from 2017Q3’s 35.35 million shares. California State Teachers Retirement Sys has invested 0.01% in Ellie Mae, Inc. (NYSE:ELLI). The California-based Assetmark Incorporated has invested 0% in Ellie Mae, Inc. (NYSE:ELLI). Moreover, Tradewinds Management Limited Liability Corp has 0% invested in Ellie Mae, Inc. (NYSE:ELLI) for 82 shs. Stifel Financial Corp reported 0% in Ellie Mae, Inc. (NYSE:ELLI). 2,972 were reported by Ameritas Invest Ptnrs. 50,973 were reported by Alliancebernstein Limited Partnership. Principal Fincl Group Inc has 4,029 shs. Millennium Ltd Com invested in 5,938 shs. International Group has 22,811 shs for 0.01% of their capital. Reilly Fincl Advisors, California-based fund reported 47 shs. Tekne Mngmt Lc has invested 7.76% in Ellie Mae, Inc. (NYSE:ELLI). Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,941 shs stake. The Washington-based Merriman Wealth Ltd Liability has invested 1.76% in Ellie Mae, Inc. (NYSE:ELLI). Atria Investments Lc reported 2,917 shs or 0.01% of all its holdings. Riverbridge Prns Ltd Llc has invested 1.11% in Ellie Mae, Inc. (NYSE:ELLI).

ELLI registered $9.84 million net activity with 0 insider buys and 35 sales since December 7, 2017. BLASING KAREN sold $172,800 worth of stock or 1,728 shs. On Monday, April 2 531 shs were sold by LaVay Matthew, worth $48,776. On Thursday, February 15 TYRRELL JOSEPH P. sold $306,859 worth of Ellie Mae, Inc. (NYSE:ELLI). 2,306 Ellie Mae, Inc. (NYSE:ELLI) shs with value of $211,128 were sold by Corr Jonathan. The insider DOLAN A BARR sold 3,000 shs worth $286,557. On Wednesday, February 21 Anderman Sigmund sold $127,320 worth of Ellie Mae, Inc. (NYSE:ELLI) or 1,391 shs.

In Ellie Mae Inc (NYSE:ELLI) was decreased the stake owned 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. The technology company at the end of 2018Q1 was valued 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. $3.50 billion is the MC of Ellie Mae Inc. ELLI is hitting $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%.

About $2.68 billion and $3.43B US Long portfolio Echo Street Capital Management Llc operates. According to a filing the fund increased its stake in Lamar Advertising Co New (NASDAQ:LAMR) by 229,250 shares to 295,842 shares, valued at $18.83 million in 2018Q1. Echo Street Capital Management Llc has risen its stake in Monster Beverage Corp New () and also increased its holding in Hcp Inc (NYSE:HCP) by 635,005 shares in the quarter, for a total of 1.17 million 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

In total 10 analysts cover Ellie Mae Inc (NYSE:ELLI). “Buy” rating has 4, “Sell” are 2, while 4 are “Hold”. (NYSE:ELLI) has 40% bullish analysts. 13 are the (NYSE:ELLI)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. The stock rating was maintained by RBC Capital Markets with “Buy” on Wednesday, January 31. The stock rating was downgraded by Bank of America to “Neutral” on Monday, April 16. On Thursday, April 12 the rating was downgraded by Wedbush to “Underperform”. The company rating was maintained by Compass Point on Friday, April 27. In Friday, February 9 report Needham maintained the stock with “Buy” rating. On Friday, April 20 Zelman upgraded the shares of ELLI in report to “Hold” rating. On Sunday, November 19 the firm earned “Buy” rating by KeyBanc Capital Markets. On Friday, February 9 the rating was maintained by Bank of America with “Buy”. The company rating was maintained by Stephens on Friday, February 9. On Tuesday, January 30 Morgan Stanley maintained Ellie Mae, Inc. (NYSE:ELLI) rating. Morgan Stanley has “Equal-Weight” rating and $109 target.

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.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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