Marianas Fund Management adds Sally Beauty Holdings (SBH) to its portfolio

Sally Beauty Holdings (SBH) : Marianas Fund Management added new position in Sally Beauty Holdings during the most recent quarter end. The investment management firm now holds 1,057,500 shares of Sally Beauty Holdings which is valued at $30,794,400 , the company said in a statement filed on Nov 14, 2016 with the SEC.Sally Beauty Holdings makes up approximately 8.62% of Marianas Fund Management’s portfolio.

Other Hedge Funds, Including , Jnba Financial Advisors added SBH to its portfolio by purchasing 20 company shares during the most recent quarter which is valued at $582.Alliancebernstein reduced its stake in SBH by selling 13,783 shares or 13.34% in the most recent quarter. The Hedge Fund company now holds 89,572 shares of SBH which is valued at $2,473,979.Geode Capital Management boosted its stake in SBH in the latest quarter, The investment management firm added 41,955 additional shares and now holds a total of 945,970 shares of Sally Beauty Holdings which is valued at $26,127,691. Sally Beauty Holdings makes up approx 0.01% of Geode Capital Management’s portfolio. Airain Ltd added SBH to its portfolio by purchasing 33,569 company shares during the most recent quarter which is valued at $865,073. Sally Beauty Holdings makes up approx 0.05% of Airain Ltd’s portfolio.Quantitative Investment Management boosted its stake in SBH in the latest quarter, The investment management firm added 64,000 additional shares and now holds a total of 93,200 shares of Sally Beauty Holdings which is valued at $2,400,832. Sally Beauty Holdings makes up approx 0.08% of Quantitative Investment Management’s portfolio.

Sally Beauty Holdings closed down -0.64 points or -2.38% at $26.22 with 19,86,365 shares getting traded on Monday. Post opening the session at $26.46, the shares hit an intraday low of $25.83 and an intraday high of $26.92 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Sally Beauty Holdings reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 15, 2016. Analyst had a consensus of $0.42. The company had revenue of $976.36 million for the quarter, compared to analysts expectations of $989.05 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS.

Sally Beauty Holdings Inc. (Sally Beauty) is a retailer and distributor of beauty supplies. The Company operates in North America South America and Europe. Sally Beauty operates through two business segments namely Sally Beauty Supply and Beauty Systems Group (BSG). Sally Beauty provides its customers with a variety of third-party branded beauty supplies including hair color products hair care products styling appliances brushes nail care products ethnic products and beauty items. Sally Beauty Supply is an open-line distributor of professional beauty supplies in the United States. Sally beauty supply products are sold in shopping centers grocery stores mass merchants and home centers. BSG is a full-service distributor of beauty supplies in North America. BSG and Armstrong McCall stores provide beauty product SKUs that include hair color hair care skin and nail care beauty sundries and electrical appliances. BSG stores are located in secondary strip shopping centers.

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