Corsair Capital Management Lp Increased Aci Worldwide (ACIW) Stake by $12.50 Million; Elf Beauty Common Stock (ELF) Shorts Lowered By 17.72%

February 16, 2018 - By Peter Erickson

Elf Beauty Incorporated Common Stock (NYSE:ELF) had a decrease of 17.72% in short interest. ELF’s SI was 6.35 million shares in February as released by FINRA. Its down 17.72% from 7.72 million shares previously. With 294,000 avg volume, 22 days are for Elf Beauty Incorporated Common Stock (NYSE:ELF)’s short sellers to cover ELF’s short positions. The stock increased 1.19% or $0.24 during the last trading session, reaching $20.45. About 155,647 shares traded. e.l.f. Beauty, Inc. (NYSE:ELF) has 0.00% since February 16, 2017 and is . It has underperformed by 16.70% the S&P500.

Corsair Capital Management Lp increased Aci Worldwide Inc (NASDAQ:ACIW) stake by 1420.41% reported in 2017Q4 SEC filing. Corsair Capital Management Lp acquired 568,164 shares as Aci Worldwide Inc (NASDAQ:ACIW)’s stock rose 13.07%. The Corsair Capital Management Lp holds 608,164 shares with $13.79M value, up from 40,000 last quarter. Aci Worldwide Inc now has $2.76B valuation. The stock increased 1.00% or $0.23 during the last trading session, reaching $23.28. About 348,053 shares traded. ACI Worldwide, Inc. (NASDAQ:ACIW) has risen 18.30% since February 16, 2017 and is uptrending. It has outperformed by 1.60% the S&P500.

e.l.f. Beauty, Inc. develops, markets, and sells beauty cosmetic products under the e.l.f. brand name. The company has market cap of $946.01 million. It offers products in face makeup, eye makeup, lip products, nail products, and cosmetics sets/kits categories, as well as skin care. It has a 53.39 P/E ratio. The firm sells its products through direct-to-consumer channels, which include e-commerce and e.l.f. stores in the United States; and internationally primarily through distributors.

Among 6 analysts covering e.l.f. Beauty (NYSE:ELF), 1 have Buy rating, 1 Sell and 4 Hold. Therefore 17% are positive. e.l.f. Beauty had 8 analyst reports since October 17, 2016 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, October 17 by JP Morgan. The stock has “Overweight” rating by Piper Jaffray on Monday, October 17. The rating was initiated by Morgan Stanley on Monday, October 17 with “Equal-Weight”. As per Friday, December 15, the company rating was downgraded by JP Morgan. The stock of e.l.f. Beauty, Inc. (NYSE:ELF) earned “Hold” rating by Stifel Nicolaus on Wednesday, November 1. The rating was initiated by KeyBanc Capital Markets on Thursday, December 21 with “Sector Weight”. The firm has “Market Perform” rating by Wells Fargo given on Monday, October 17. As per Monday, May 1, the company rating was reinitiated by Piper Jaffray.

Among 5 analysts covering ACI Worldwide (NASDAQ:ACIW), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. ACI Worldwide had 7 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of ACI Worldwide, Inc. (NASDAQ:ACIW) earned “Buy” rating by Monness Crespi & Hardt on Friday, November 4. The stock of ACI Worldwide, Inc. (NASDAQ:ACIW) has “Neutral” rating given on Friday, December 11 by Credit Suisse. Raymond James maintained the shares of ACIW in report on Thursday, August 31 with “Buy” rating. As per Tuesday, August 4, the company rating was downgraded by Zacks. The firm has “Buy” rating by Monness Crespi & Hardt given on Wednesday, June 15. The firm earned “Market Outperform” rating on Friday, February 26 by Avondale.

Investors sentiment decreased to 1.78 in 2017 Q3. Its down 0.18, from 1.96 in 2017Q2. It turned negative, as 12 investors sold ACIW shares while 46 reduced holdings. 28 funds opened positions while 75 raised stakes. 118.75 million shares or 0.25% more from 118.45 million shares in 2017Q2 were reported. 414,575 were accumulated by Jpmorgan Chase & Co. Moreover, Federated Invsts Pa has 0% invested in ACI Worldwide, Inc. (NASDAQ:ACIW). Alphaone Inv Service Limited invested 0.03% of its portfolio in ACI Worldwide, Inc. (NASDAQ:ACIW). State Treasurer State Of Michigan invested 0.01% in ACI Worldwide, Inc. (NASDAQ:ACIW). Princeton Cap Mgmt has 23,045 shares for 0.27% of their portfolio. Moreover, Principal Grp has 0.01% invested in ACI Worldwide, Inc. (NASDAQ:ACIW) for 507,337 shares. Liberty Mutual Grp Inc Asset has 0.04% invested in ACI Worldwide, Inc. (NASDAQ:ACIW). Mufg Americas has 0% invested in ACI Worldwide, Inc. (NASDAQ:ACIW). Texas Permanent School Fund, a Texas-based fund reported 86,176 shares. Tiaa Cref Invest Lc reported 309,932 shares. Comerica Bancorporation accumulated 0.02% or 140,247 shares. Fred Alger Management owns 1.03 million shares. California State Teachers Retirement Systems has 186,761 shares. Whittier Tru invested 0% of its portfolio in ACI Worldwide, Inc. (NASDAQ:ACIW). Creative Planning reported 0% of its portfolio in ACI Worldwide, Inc. (NASDAQ:ACIW).

Corsair Capital Management looks at distressed companies, including those undergoing restructuring, and sees opportunity. Corsair was created in 2002 as an investment manager driven by value. Each company in which Corsair becomes involved is carefully vetted, taking time to highlight any discrepancy between price and the company’s intrinsic value. Corsair Capital believes the global economy draws its strength from companies that don’t linger on the sidelines but move into the game with confidence and deployment of cash assets through strategic acquisitions. Because of market conditions, such as below historic averages in multiple markets and the open posture of the capital markets, Corsair thinks companies can afford to position themselves strategically to benefit from high growth in markets that are emerging. Companies can also acquire access to resources that can improve cost structures, according to Corsair. Corsair Capital Management Lp is a New York-based hedge fund that was founded by Jay Petschek And Steven Major. It had more than $1.44 billion assets under management in April, 2014. Taken from Corsair Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Since December 11, 2017, it had 0 buys, and 3 selling transactions for $3.65 million activity. SCOTTO ANTHONY M JR sold 40,000 shares worth $949,200. $2.02M worth of ACI Worldwide, Inc. (NASDAQ:ACIW) shares were sold by MCGRODDY JAMES.

ACI Worldwide, Inc., together with its subsidiaries, develops, markets, installs, and supports software services and products for facilitating electronic payments to financial institutions and intermediaries, merchants, and billers worldwide. The company has market cap of $2.76 billion. The firm offers UP Retail Payments solution, which integrates UP BASE24-eps and UP Framework products enabling financial institutions to accept switch payment transactions; and UP Immediate Payments solution that integrates UP BASE24-eps and UP Framework products configured to connect to country-level real-time payment schemes and create differentiated products. It has a 71.19 P/E ratio. It also provides UP Transaction Banking solutions, including Universal Online Banker, an online payments portal; Money Transfer System, a global payments engine.

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