Tcs Capital Management adds Blue Nile Inc (NILE) to its portfolio

Blue Nile Inc (NILE) : Tcs Capital Management added new position in Blue Nile Inc during the most recent quarter end. The investment management firm now holds 120,386 shares of Blue Nile Inc which is valued at $4,873,225 , the company said in a statement filed on Nov 14, 2016 with the SEC.Blue Nile Inc makes up approximately 2.78% of Tcs Capital Management’s portfolio.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in NILE in the latest quarter, The investment management firm added 715 additional shares and now holds a total of 15,776 shares of Blue Nile Inc which is valued at $643,030. Ifp Advisors Inc added NILE to its portfolio by purchasing 62 company shares during the most recent quarter which is valued at $1,887.

Blue Nile Inc (NILE) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $40.92 and reached the intraday high at $40.92. The bulls started the profit booking and pushed the shares to intraday low of $40.3. The trading session was marked by a volume range of 1,28,899 shares exchanging hands. The 52-week high of the shares is $41.39 and the 52-week low is $22.33. The market cap of the company stands at $473 M and there are 1,16,97,428 shares in public circulation.

On the company’s financial health, Blue Nile Inc reported $0.11 EPS for the quarter, based on the information available during the earnings call on Nov 7, 2016. Analyst had a consensus estimate of $0.11. The company had revenue of $105.11 million for the quarter, compared to analysts expectations of $107.40 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.17 EPS.

Blue Nile Inc. (Blue Nile) is an online retailer of diamonds and jewelry. The Company offers its products for sale through the Blue Nile Website in around 40 countries and territories across the world. The Company’s wholly owned subsidiaries include Blue Nile LLC (LLC) which serves the Company’s customers in the United States Canada and Asia Pacific; Blue Nile Worldwide Inc. which serves the Company’s customers in Europe; Blue Nile (Shanghai) Trading Co. Ltd. which serves the Company’s customers in China and Blue Nile Jewellery Ltd (Jewellery) which operates a customer service and fulfillment center in Dublin Ireland. The Company’s domestic sales consist of products delivered to customers within the United States and the Company’s international sales consist of products delivered to customers outside the United States.

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