Nokomis Capital L.l.c. Lowers stake in Shutterfly (SFLY)

Shutterfly (SFLY) : Nokomis Capital L.l.c. reduced its stake in Shutterfly by 2.07% during the most recent quarter end. The investment management company now holds a total of 319,544 shares of Shutterfly which is valued at $16,299,939 after selling 6,752 shares in Shutterfly , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Shutterfly makes up approximately 3.82% of Nokomis Capital L.l.c.’s portfolio.

Other Hedge Funds, Including , Voya Investment Management reduced its stake in SFLY by selling 1,665 shares or 9.63% in the most recent quarter. The Hedge Fund company now holds 15,626 shares of SFLY which is valued at $797,082. 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. Glenmede Trust Co Na sold out all of its stake in SFLY during the most recent quarter. The investment firm sold 63 shares of SFLY which is valued $3,267.California State Teachers Retirement System reduced its stake in SFLY by selling 2,447 shares or 3.27% in the most recent quarter. The Hedge Fund company now holds 72,462 shares of SFLY which is valued at $3,775,995. Shutterfly makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Old Mutual Global Investors (uk) Ltd. reduced its stake in SFLY by selling 69,002 shares or 91.38% in the most recent quarter. The Hedge Fund company now holds 6,510 shares of SFLY which is valued at $331,229. Shutterfly makes up approx 0.01% of Old Mutual Global Investors (uk) Ltd.’s portfolio.

Shutterfly opened for trading at $50.26 and hit $51.03 on the upside on Wednesday, eventually ending the session at $50.94, with a gain of 1.47% or 0.74 points. The heightened volatility saw the trading volume jump to 338,777 shares. Company has a market cap of $1,731 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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