Ancora Advisors buys $6,077,893 stake in Shutterfly (SFLY)

Shutterfly (SFLY) : Ancora Advisors scooped up 1,000 additional shares in Shutterfly during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 119,151 shares of Shutterfly which is valued at $6,077,893.Shutterfly makes up approximately 0.68% of Ancora Advisors’s portfolio.

Other Hedge Funds, Including , Miles Capital sold out all of its stake in SFLY during the most recent quarter. The investment firm sold 6,746 shares of SFLY which is valued $344,113. Ajo Lp sold out all of its stake in SFLY during the most recent quarter. The investment firm sold 87,286 shares of SFLY which is valued $4,507,449.Ubs Asset Management Americas Inc reduced its stake in SFLY by selling 698 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 25,120 shares of SFLY which is valued at $1,294,936. Quantbot Technologies Lp added SFLY to its portfolio by purchasing 2,942 company shares during the most recent quarter which is valued at $153,308. Shutterfly makes up approx 0.02% of Quantbot Technologies Lp’s portfolio.Arcus Capital Partners reduced its stake in SFLY by selling 2,475 shares or 9.77% in the most recent quarter. The Hedge Fund company now holds 22,860 shares of SFLY which is valued at $1,191,235. Shutterfly makes up approx 1.11% of Arcus Capital Partners’s portfolio.

Shutterfly opened for trading at $49.79 and hit $50.38 on the upside on Tuesday, eventually ending the session at $49.94, with a gain of 0.36% or 0.18 points. The heightened volatility saw the trading volume jump to 2,14,337 shares. Company has a market cap of $1,697 M.

On the company’s financial health, Shutterfly reported $-0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.66. The company had revenue of $204.00 million for the quarter, compared to analysts expectations of $200.06 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.63 EPS.

Many Wall Street Analysts have commented on Shutterfly. Company shares were Reiterated by Needham on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $55 .Axiom Capital Downgraded Shutterfly on Jul 20, 2016 to ” Hold”, Price Target of the shares are set at $52.

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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