Sally Beauty Hldgs INC (SBH) Holder Arrowpoint Asset Management LLC Increased Stake by $18.52 Million as Valuation Declined

May 17, 2018 - By Robert Sims

Sally Beauty Holdings, Inc. (NYSE:SBH) Logo

Arrowpoint Asset Management Llc increased its stake in Sally Beauty Hldgs Inc (SBH) by 10.36% based on its latest 2017Q4 regulatory filing with the SEC. Arrowpoint Asset Management Llc bought 1.03M shares as the company’s stock declined 14.67% with the market. The institutional investor held 10.96M shares of the consumer services company at the end of 2017Q4, valued at $205.65 million, up from 9.93 million at the end of the previous reported quarter. Arrowpoint Asset Management Llc who had been investing in Sally Beauty Hldgs Inc for a number of months, seems to be bullish on the $1.87 billion market cap company. The stock decreased 0.26% or $0.04 during the last trading session, reaching $15.35. About 625,963 shares traded. Sally Beauty Holdings, Inc. (NYSE:SBH) has declined 20.34% since May 17, 2017 and is downtrending. It has underperformed by 31.89% the S&P500.

Arrowpoint Asset Management Llc, which manages about $5.56B and $9.88B US Long portfolio, decreased its stake in Wolverine World Wide Inc (NYSE:WWW) by 141,259 shares to 4.79M shares, valued at $152.64M in 2017Q4, according to the filing. It also reduced its holding in Wells Fargo Co New (NYSE:WFC) by 60,200 shares in the quarter, leaving it with 205,710 shares, and cut its stake in Juno Therapeutics Inc (NASDAQ:JUNO).

Another recent and important Sally Beauty Holdings, Inc. (NYSE:SBH) news was published by Benzinga.com which published an article titled: “Sally Beauty Q2 Earnings Preview” on May 02, 2018.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Coverage

Among 8 analysts covering Sally Beauty (NYSE:SBH), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Sally Beauty had 10 analyst reports since November 22, 2017 according to SRatingsIntel. The firm has “Neutral” rating by Bank of America given on Friday, May 4. The firm earned “Hold” rating on Thursday, February 8 by BMO Capital Markets. The stock of Sally Beauty Holdings, Inc. (NYSE:SBH) earned “Neutral” rating by Buckingham Research on Tuesday, February 6. The company was downgraded on Friday, May 4 by Robert W. Baird. The stock has “Neutral” rating by DA Davidson on Monday, March 26. The rating was maintained by Morgan Stanley with “Underweight” on Friday, May 4. The stock has “Hold” rating by KeyBanc Capital Markets on Wednesday, November 22. On Thursday, February 8 the stock rating was maintained by Cowen & Co with “Buy”. On Friday, May 4 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Robert W. Baird maintained the shares of SBH in report on Thursday, December 21 with “Buy” rating.

Sally Beauty Holdings, Inc. (NYSE:SBH) Ratings Chart

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