Arcus Capital Partners Lowers stake in Shutterfly (SFLY)

Shutterfly (SFLY) : Arcus Capital Partners reduced its stake in Shutterfly by 3.25% during the most recent quarter end. The investment management company now holds a total of 25,335 shares of Shutterfly which is valued at $1,194,799 after selling 850 shares in Shutterfly , the firm said in a disclosure report filed with the SEC on May 3, 2016.Shutterfly makes up approximately 0.86% of Arcus Capital Partners’s portfolio.

Other Hedge Funds, Including , Quantitative Investment Management added SFLY to its portfolio by purchasing 4,500 company shares during the most recent quarter which is valued at $212,220. Shutterfly makes up approx 0.01% of Quantitative Investment Management’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in SFLY by selling 2,682 shares or 22.63% in the most recent quarter. The Hedge Fund company now holds 9,169 shares of SFLY which is valued at $421,591.Granite Investment Partners reduced its stake in SFLY by selling 2,748 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 197,212 shares of SFLY which is valued at $9,067,808. Shutterfly makes up approx 0.81% of Granite Investment Partners’s portfolio.Rice Hall James Associates boosted its stake in SFLY in the latest quarter, The investment management firm added 9,586 additional shares and now holds a total of 344,886 shares of Shutterfly which is valued at $15,857,858. Shutterfly makes up approx 0.93% of Rice Hall James Associates’s portfolio. Fox Run Management L.l.c. sold out all of its stake in SFLY during the most recent quarter. The investment firm sold 5,400 shares of SFLY which is valued $255,258.

Shutterfly opened for trading at $47.84 and hit $47.92 on the upside on Tuesday, eventually ending the session at $47.64, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 2,37,170 shares. Company has a market cap of $1,642 M.

On the company’s financial health, Shutterfly reported $-0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $-1.00. The company had revenue of $181.70 million for the quarter, compared to analysts expectations of $178.31 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.19 EPS.

Many Wall Street Analysts have commented on Shutterfly. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 52 from a previous price target of $48 .Company shares were Reiterated by Barclays on Apr 28, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 45 from a previous price target of $40 .Company shares were Reiterated by Axiom Capital on Feb 19, 2016 to “Buy”, Firm has raised the Price Target to $ 51 from a previous price target of $49 .

Shutterfly Inc. is a manufacturer and digital retailer of personalized photo-based products and services. The Company’s segments include Consumer and Enterprise. Its products and services are offered through a family of lifestyle brands including Shutterfly Tiny Prints Wedding Paper Divas ThisLife MyPublisher and BorrowLenses. The Company produces and sells bound photo books greeting and stationery cards personalized calendars other photo-based merchandise and prints. It sells a range of photo-based merchandise such as calendars mugs canvas prints mouse pads magnets and puzzles. The Consumer segment sells photo-based products such as photo books stationery and greeting cards other photo-based merchandise photo prints and also ships as well as rents the BorrowLenses brand of products. The Enterprise segment is engaged in printing and shipping of direct marketing and other variable data print products and formats.

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