Sei Investments Co. decreased its stake in shares of Sally Beauty Holdings, Inc. (NYSE:SBH) by 71.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,936 shares of the specialty retailer’s stock after selling 624,485 shares during the period. Sei Investments Co. owned about 0.18% of Sally Beauty Holdings worth $5,142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SBH. Parametrica Management Ltd purchased a new position in shares of Sally Beauty Holdings during the first quarter valued at approximately $223,000. LSV Asset Management increased its position in shares of Sally Beauty Holdings by 1.3% in the first quarter. LSV Asset Management now owns 703,500 shares of the specialty retailer’s stock valued at $14,379,000 after buying an additional 8,800 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Sally Beauty Holdings by 70.3% in the fourth quarter. Guggenheim Capital LLC now owns 25,856 shares of the specialty retailer’s stock valued at $683,000 after buying an additional 10,670 shares in the last quarter. UBS Group AG increased its position in shares of Sally Beauty Holdings by 7.5% in the first quarter. UBS Group AG now owns 42,487 shares of the specialty retailer’s stock valued at $869,000 after buying an additional 2,964 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its position in shares of Sally Beauty Holdings by 2.4% in the first quarter. Thrivent Financial For Lutherans now owns 108,770 shares of the specialty retailer’s stock valued at $2,223,000 after buying an additional 2,530 shares in the last quarter.

Shares of Sally Beauty Holdings, Inc. (NYSE:SBH) opened at 19.71 on Thursday. Sally Beauty Holdings, Inc. has a 1-year low of $17.26 and a 1-year high of $30.17. The company has a market cap of $2.61 billion, a PE ratio of 12.03 and a beta of 0.65. The firm’s 50 day moving average is $20.02 and its 200-day moving average is $20.23.

Sally Beauty Holdings (NYSE:SBH) last posted its quarterly earnings data on Thursday, August 3rd. The specialty retailer reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $998.04 million for the quarter, compared to analysts’ expectations of $1 billion. Sally Beauty Holdings had a net margin of 5.89% and a negative return on equity of 80.60%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.47 EPS. Equities analysts expect that Sally Beauty Holdings, Inc. will post $1.82 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/17/sally-beauty-holdings-inc-sbh-shares-sold-by-sei-investments-co.html.

Several research analysts have commented on SBH shares. DA Davidson started coverage on shares of Sally Beauty Holdings in a research report on Thursday, July 6th. They set a “neutral” rating and a $23.00 price objective for the company. BidaskClub upgraded shares of Sally Beauty Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Sally Beauty Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine downgraded shares of Sally Beauty Holdings from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC started coverage on shares of Sally Beauty Holdings in a research report on Friday, June 2nd. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.70.

In other Sally Beauty Holdings news, CEO Christian A. Brickman bought 10,000 shares of Sally Beauty Holdings stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the acquisition, the chief executive officer now owns 143,043 shares in the company, valued at $2,561,900.13. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Miller bought 20,000 shares of Sally Beauty Holdings stock in a transaction that occurred on Friday, June 2nd. The shares were acquired at an average cost of $18.35 per share, for a total transaction of $367,000.00. Following the acquisition, the director now owns 39,802 shares in the company, valued at approximately $730,366.70. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 51,750 shares of company stock worth $932,060. 0.97% of the stock is owned by insiders.

Sally Beauty Holdings Company Profile

Sally Beauty Holdings, Inc is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America and Europe. The Company operates through two business segments: Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty Supply is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers primarily in North America, Puerto Rico, and parts of Europe and South America.

Want to see what other hedge funds are holding SBH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sally Beauty Holdings, Inc. (NYSE:SBH).

Institutional Ownership by Quarter for Sally Beauty Holdings (NYSE:SBH)

Receive News & Stock Ratings for Sally Beauty Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sally Beauty Holdings Inc. and related stocks with our FREE daily email newsletter.