Ahl Partners Llp buys $5.6 Million stake in Shutterstock Inc (SSTK)

Shutterstock Inc (SSTK) : Ahl Partners Llp scooped up 120,782 additional shares in Shutterstock Inc during the Q4 period, according to a recent disclosure to the SEC. The investment management firm now holds a total of 155,908 shares of Shutterstock Inc which is valued at $5.6 Million.Shutterstock Inc makes up approximately 0.43% of Ahl Partners Llp’s portfolio.

Other Hedge Funds, Including , Arrowpoint Asset Management boosted its stake in SSTK during the Q4 period, The investment management firm added 31,420 additional shares and now holds a total of 579,758 shares of Shutterstock Inc which is valued at $20.7 Million. Shutterstock Inc makes up approx 0.58% of Arrowpoint Asset Management’s portfolio.Teachers Advisors Inc boosted its stake in SSTK during the Q4 period, The investment management firm added 8,084 additional shares and now holds a total of 36,777 shares of Shutterstock Inc which is valued at $1.3 Million.Alliancebernstein reduced its stake in SSTK by selling 3,104 shares or 10.45% during the fourth quarter. The Hedge Fund company now holds 26,600 shares of SSTK which is valued at $949,886.Kayne Anderson Rudnick Investment Management boosted its stake in SSTK during the Q4 period, The investment management firm added 885,602 additional shares and now holds a total of 3,384,591 shares of Shutterstock Inc which is valued at $120.9 Million. Shutterstock Inc makes up approx 1.95% of Kayne Anderson Rudnick Investment Management’s portfolio.

On the company’s financial health, Shutterstock Inc reported $0.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $0.33. The company had revenue of $116.00 million for the quarter, compared to analysts expectations of $117.42 million. The company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on Shutterstock Inc. Shares were Reiterated by RBC Capital Mkts on Feb 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 35 from a previous price target of $38 .

Shutterstock Inc opened for trading at $38.31 and hit $39.68 on the upside on Thursday, eventually ending the session at $39.55, with a gain of 2.25% or 0.87 points. The heightened volatility saw the trading volume jump to 3,59,944 shares. Company has a market cap of $1,395 M.

Shutterstock Inc. (Shutterstock) operates a global marketplace for commercial digital content including images video and music. The Company’s commercial digital imagery consists of licensed photographs illustrations and video clips that companies use in their visual communications such as Websites digital and print marketing materials corporate communications books publications and video content while commercial music consists of music tracks. The demand for commercial digital imagery and music comes from businesses marketing agencies and media organizations. It reaches new customers through a set of marketing channels including online display advertising print advertising tradeshows email marketing direct mail affiliate marketing public relations social media and partnerships. The Company’s online marketplace provides a freely searchable collection of commercial digital imagery and music that its users can pay to license download and incorporate into their work.

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