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Manufacturers Life Insurance Buys New Ulta Beauty Stake

Manulife Financial logoManulife Financial
Sig0.35Sen+0.20Env0.00Soc0.00Gov0.00
ULTA Beauty logoULTA Beauty
Sig0.88Sen+0.22Env0.00Soc0.00Gov0.00

The Manufacturers Life Insurance Company bought 21,817 shares of Ulta Beauty worth about $9.84M, bringing its stake to roughly 0.05% based on the latest SEC filing. Focus Partners Wealth and Intech Investment Management also increased positions. Morgan Stanley and Canaccord Genuity lowered Ulta’s price targets while maintaining overweight or buy ratings.

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