Fine Capital Partners L.P. Has $79.80 Million Position in Shutterfly, Inc. (SFLY)
Fine Capital Partners L.P. raised its stake in Shutterfly, Inc. (NASDAQ:SFLY) by 19.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,646,060 shares of the technology company’s stock after acquiring an additional 272,200 shares during the period. Shutterfly makes up 8.4% of Fine Capital Partners L.P.’s portfolio, making the stock its 4th biggest position. Fine Capital Partners L.P. owned approximately 5.01% of Shutterfly worth $79,801,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SFLY. OxFORD Asset Management LLP purchased a new stake in shares of Shutterfly during the third quarter valued at $5,782,000. Dimensional Fund Advisors LP boosted its position in shares of Shutterfly by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,248,187 shares of the technology company’s stock valued at $60,512,000 after buying an additional 3,360 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Shutterfly by 8.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 225,375 shares of the technology company’s stock valued at $10,927,000 after buying an additional 18,114 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Shutterfly by 24.8% during the third quarter. Wells Fargo & Company MN now owns 74,424 shares of the technology company’s stock valued at $3,608,000 after buying an additional 14,779 shares during the last quarter. Finally, American International Group Inc. boosted its position in shares of Shutterfly by 5.6% during the third quarter. American International Group Inc. now owns 26,884 shares of the technology company’s stock valued at $1,303,000 after buying an additional 1,420 shares during the last quarter.
In related news, CAO Lisa Blackwood-Kapral sold 719 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $40.78, for a total transaction of $29,320.82. Following the completion of the sale, the chief accounting officer now directly owns 1,900 shares of the company’s stock, valued at approximately $77,482. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Satish Menon sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $42.30, for a total value of $1,057,500.00. Following the sale, the senior vice president now directly owns 38,221 shares of the company’s stock, valued at $1,616,748.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 71,363 shares of company stock valued at $3,077,580. Company insiders own 0.80% of the company’s stock.
Shutterfly, Inc. (NASDAQ:SFLY) opened at $44.40 on Thursday. The firm has a market capitalization of $1,459.41, a P/E ratio of 71.69 and a beta of 0.84. Shutterfly, Inc. has a 1-year low of $39.76 and a 1-year high of $53.99.
Shutterfly (NASDAQ:SFLY) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported ($0.78) earnings per share for the quarter, beating the consensus estimate of ($0.79) by $0.01. The business had revenue of $195.44 million during the quarter, compared to analysts’ expectations of $191.65 million. Shutterfly had a return on equity of 4.66% and a net margin of 0.81%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.86) EPS. analysts forecast that Shutterfly, Inc. will post 0.45 earnings per share for the current year.
SFLY has been the topic of a number of recent research reports. SunTrust Banks initiated coverage on Shutterfly in a report on Tuesday, August 15th. They issued a “buy” rating and a $56.00 target price on the stock. Zacks Investment Research downgraded Shutterfly from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 17th. ValuEngine downgraded Shutterfly from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 price objective on shares of Shutterfly in a research note on Wednesday, October 11th. Finally, Aegis reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Shutterfly in a research note on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Shutterfly presently has an average rating of “Hold” and an average target price of $53.50.
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Shutterfly, Inc is an online manufacturer and retailer of personalized products and services. The Company focuses on helping consumers manage their memories through the medium of photography. The Company’s segments are Consumer and Shutterfly Business Solutions (SBS). The Consumer segment offers photo-based products, such as photo books, stationery and greeting cards, other photo-based merchandise, photo prints and statement gifts.
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