Arrowpoint Asset Management LLC Upped Sally Beauty Hldgs INC (SBH) Holding by $13.25 Million

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

Arrowpoint Asset Management Llc increased its stake in Sally Beauty Hldgs Inc (SBH) by 7.55% based on its latest 2018Q3 regulatory filing with the SEC. Arrowpoint Asset Management Llc bought 697,601 shares as the company’s stock rose 19.10% while stock markets declined. The institutional investor held 9.93M shares of the consumer services company at the end of 2018Q3, valued at $194.49M, up from 9.24M 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 $2.16B market cap company. The stock decreased 3.08% or $0.57 during the last trading session, reaching $17.92. About 1.82M shares traded. Sally Beauty Holdings, Inc. (NYSE:SBH) has risen 15.94% since January 14, 2018 and is uptrending. It has outperformed by 15.94% the S&P500.

Arrowpoint Asset Management Llc, which manages about $5.56B and $8.80 billion US Long portfolio, decreased its stake in Hibbett Sports Inc (NASDAQ:HIBB) by 1.21M shares to 300,584 shares, valued at $4.28M in 2018Q3, according to the filing. It also reduced its holding in Maximus Inc (NYSE:MMS) by 354,302 shares in the quarter, leaving it with 693,606 shares, and cut its stake in Exact Sciences Corp (NASDAQ:EXAS).

More notable recent Sally Beauty Holdings, Inc. (NYSE:SBH) news were published by: Businesswire.com which released: “Sally Beauty Holdings, Inc. Announces Conference Call to Discuss Fourth Quarter Financial Results on November 8, 2018 – Business Wire” on October 30, 2018, also Benzinga.com with their article: “Sally Beauty Supply (NYSE:SBH) Holds More Risk Than Reward, Jefferies Says In Downgrade – Benzinga” published on October 24, 2018, Globenewswire.com published: “Research Report Identifies ITT, Sally Beauty, American Water Works, Laredo Petroleum, H&E Equipment Services, and Horizon Global with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” on November 27, 2018. More interesting news about Sally Beauty Holdings, Inc. (NYSE:SBH) were released by: Seekingalpha.com and their article: “Sally Beauty Holdings: Levered Beauty – Seeking Alpha” published on June 26, 2008 as well as Businesswire.com‘s news article titled: “Sally Beauty Holdings, Inc. Announces the Appointment of Kelly Mooney to the Board of Directors – Business Wire” with publication date: August 31, 2018.

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

Among 5 analysts covering Sally Beauty Holdings (NYSE:SBH), 0 have Buy rating, 4 Sell and 1 Hold. Therefore 0 are positive. Sally Beauty Holdings had 6 analyst reports since July 16, 2018 according to SRatingsIntel. The firm earned “Underweight” rating on Monday, August 6 by Morgan Stanley. BMO Capital Markets maintained it with “Market Perform” rating and $14 target in Tuesday, August 7 report. On Monday, July 16 the stock rating was downgraded by Bank of America to “Underperform”. The firm has “Underperform” rating by Jefferies given on Wednesday, October 24. The stock has “Underperform” rating by Bank of America on Thursday, October 4.

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

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