Lone Pine Capital Cut Ulta Beauty (ULTA) Holding By $24.47 Million; 2 Analysts Are Bullish Turtle Beach (HEAR) Last Week

October 13, 2017 - By Winifred Garcia

Lone Pine Capital Llc decreased Ulta Beauty Inc (ULTA) stake by 5.59% reported in 2017Q2 SEC filing. Lone Pine Capital Llc sold 85,262 shares as Ulta Beauty Inc (ULTA)’s stock rose 6.88%. The Lone Pine Capital Llc holds 1.44 million shares with $413.39 million value, down from 1.52 million last quarter. Ulta Beauty Inc now has $11.68B valuation. The stock decreased 8.53% or $17.73 during the last trading session, reaching $190.16. About shares traded. Ulta Beauty Inc (NASDAQ:ULTA) has risen 41.46% since October 13, 2016 and is uptrending. It has outperformed by 24.76% the S&P500.

Among 5 analysts covering Turtle Beach (NASDAQ:HEAR), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Turtle Beach had 8 analyst reports since September 24, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Oppenheimer on Thursday, September 24. Oppenheimer initiated Turtle Beach Corp (NASDAQ:HEAR) on Monday, September 28 with “Outperform” rating. The firm earned “Hold” rating on Tuesday, July 18 by B. Riley & Co. Wunderlich maintained Turtle Beach Corp (NASDAQ:HEAR) rating on Wednesday, January 20. Wunderlich has “Hold” rating and $2 target. Wunderlich maintained Turtle Beach Corp (NASDAQ:HEAR) rating on Tuesday, February 2. Wunderlich has “Hold” rating and $1.25 target. Cowen & Co downgraded it to “Market Perform” rating and $1.15 target in Monday, March 28 report. The stock has “Buy” rating by Oppenheimer on Friday, August 11. See Turtle Beach Corp (NASDAQ:HEAR) latest ratings:

11/08/2017 Broker: Oppenheimer Rating: Buy New Target: $2.2500 Maintain
18/07/2017 Broker: B. Riley & Co Rating: Hold New Target: $1.3000 Maintain

Turtle Beach Corporation is an audio technology company. The company has market cap of $37.68 million. The Firm is engaged in developing, commercializing and marketing products under the Turtle Beach and HyperSound brands. It currently has negative earnings. The Firm operates through two divisions: Voyetra Turtle Beach and HyperSound.

The stock decreased 4.64% or $0.037 during the last trading session, reaching $0.763. About shares traded. Turtle Beach Corp (NASDAQ:HEAR) has declined 27.27% since October 13, 2016 and is downtrending. It has underperformed by 43.97% the S&P500.

Since June 1, 2017, it had 0 insider purchases, and 3 insider sales for $15.73 million activity. On Thursday, June 1 the insider DiRomualdo Robert F sold $6.18 million. Eck Dennis K also sold $9.39M worth of Ulta Beauty Inc (NASDAQ:ULTA) shares. Shares for $156,182 were sold by Halligan Catherine Ann.

Analysts await Ulta Beauty Inc (NASDAQ:ULTA) to report earnings on December, 7. They expect $1.66 EPS, up 18.57% or $0.26 from last year’s $1.4 per share. ULTA’s profit will be $101.96M for 28.64 P/E if the $1.66 EPS becomes a reality. After $1.83 actual EPS reported by Ulta Beauty Inc for the previous quarter, Wall Street now forecasts -9.29% negative EPS growth.

Investors sentiment increased to 1.05 in Q2 2017. Its up 0.07, from 0.98 in 2017Q1. It improved, as 47 investors sold ULTA shares while 194 reduced holdings. 83 funds opened positions while 169 raised stakes. 53.03 million shares or 1.87% more from 52.05 million shares in 2017Q1 were reported. Kingdon Capital Ltd holds 0.14% in Ulta Beauty Inc (NASDAQ:ULTA) or 6,989 shares. Moreover, Employees Retirement System Of Texas has 0.07% invested in Ulta Beauty Inc (NASDAQ:ULTA) for 19,000 shares. Noesis Cap Mangement holds 1,235 shares. Commerzbank Aktiengesellschaft Fi holds 3,417 shares or 0.02% of its portfolio. Stevens Mngmt Lp has invested 0.3% in Ulta Beauty Inc (NASDAQ:ULTA). Hl Financial Services Limited Liability Company holds 0.07% or 11,459 shares. Invesco has 0.06% invested in Ulta Beauty Inc (NASDAQ:ULTA). Huntington Bankshares invested 0% in Ulta Beauty Inc (NASDAQ:ULTA). Biondo Inv Advsr Lc accumulated 3,765 shares or 0.31% of the stock. Atria Invests Ltd Liability Corporation has 0.03% invested in Ulta Beauty Inc (NASDAQ:ULTA) for 1,506 shares. Holland Cap Mgmt Limited Company holds 0% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA) for 39 shares. Pnc Financial Grp Inc holds 0% of its portfolio in Ulta Beauty Inc (NASDAQ:ULTA) for 14,389 shares. First Bancshares reported 1.01% stake. Ls Inv Advisors Ltd owns 2,301 shares. Rothschild Asset Mgmt holds 1,743 shares.

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