Advisory Services Network Lowers stake in (STMP) (STMP) : Advisory Services Network reduced its stake in by 52.09% during the most recent quarter end. The investment management company now holds a total of 2,750 shares of which is valued at $259,463 after selling 2,990 shares in , the firm said in a disclosure report filed with the SEC on Oct 7, makes up approximately 0.05% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co boosted its stake in STMP in the latest quarter, The investment management firm added 1,102 additional shares and now holds a total of 4,802 shares of which is valued at $453,069. makes up approx 0.06% of First Mercantile Trust Co’s portfolio. Telemus Capital sold out all of its stake in STMP during the most recent quarter. The investment firm sold 12,000 shares of STMP which is valued $1,146,360.Bnp Paribas Arbitrage Sa reduced its stake in STMP by selling 2,443 shares or 49.61% in the most recent quarter. The Hedge Fund company now holds 2,481 shares of STMP which is valued at $237,010. closed down -1.17 points or -1.22% at $94.35 with 1,83,190 shares getting traded on Friday. Post opening the session at $95.38, the shares hit an intraday low of $93.3 and an intraday high of $95.7 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, reported $1.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.61 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $1.33. The company had revenue of $84.01 million for the quarter, compared to analysts expectations of $73.47 million. The company’s revenue was up 73.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Many Wall Street Analysts have commented on was Resumed by ROTH Capital to “Buy” on Jul 28, 2016. Inc. is a provider of Internet-based mailing and shipping solutions. Under the branded solutions the Company’s customers use its service to mail and ship a range of mail pieces including postcards envelopes flats and packages using a range of United States Postal Service (USPS) mail classes including First Class Mail Priority Mail Priority Mail Express Media Mail and Parcel Select and among others. Its customers include individuals small businesses home offices medium-size businesses and large enterprises and within these segments the Company targets both mailers and shippers. In addition the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s products and services include Mailing and Shipping Business and PhotoStamps.

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