Jane Street Group LLC Makes New $260,000 Investment in Shutterstock Inc (NYSE:SSTK)

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Jane Street Group LLC purchased a new position in Shutterstock Inc (NYSE:SSTK) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,639 shares of the business services provider’s stock, valued at approximately $260,000.

A number of other hedge funds have also bought and sold shares of the business. BlackRock Inc. boosted its stake in Shutterstock by 2.3% in the 2nd quarter. BlackRock Inc. now owns 2,787,236 shares of the business services provider’s stock worth $109,232,000 after purchasing an additional 63,496 shares during the period. Vanguard Group Inc. boosted its position in shares of Shutterstock by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 2,087,878 shares of the business services provider’s stock valued at $81,824,000 after acquiring an additional 62,536 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Shutterstock by 7.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,159,728 shares of the business services provider’s stock valued at $54,078,000 after acquiring an additional 80,587 shares during the last quarter. Bernzott Capital Advisors boosted its position in shares of Shutterstock by 0.5% during the 2nd quarter. Bernzott Capital Advisors now owns 898,847 shares of the business services provider’s stock valued at $35,226,000 after acquiring an additional 4,028 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Shutterstock by 1.7% during the 2nd quarter. Northern Trust Corp now owns 257,756 shares of the business services provider’s stock valued at $10,102,000 after acquiring an additional 4,184 shares during the last quarter. Institutional investors and hedge funds own 57.94% of the company’s stock.

NYSE SSTK opened at $35.45 on Friday. The company has a market capitalization of $1.25 billion, a P/E ratio of 33.76, a P/E/G ratio of 2.06 and a beta of 1.20. Shutterstock Inc has a one year low of $31.77 and a one year high of $50.09. The stock has a 50 day moving average price of $35.71 and a 200-day moving average price of $39.18.

Shutterstock (NYSE:SSTK) last posted its earnings results on Tuesday, August 6th. The business services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $161.74 million during the quarter, compared to the consensus estimate of $171.93 million. Shutterstock had a return on equity of 13.64% and a net margin of 5.19%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.30 EPS. On average, equities analysts expect that Shutterstock Inc will post 0.7 EPS for the current fiscal year.

A number of research analysts have recently commented on SSTK shares. SunTrust Banks reiterated a “hold” rating and set a $44.00 target price on shares of Shutterstock in a research report on Monday, August 5th. Zacks Investment Research upgraded Shutterstock from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine upgraded Shutterstock from a “sell” rating to a “hold” rating in a research report on Monday, August 12th.

Shutterstock Company Profile

Shutterstock, Inc provides digital content, and tools and services in North America, Europe, and internationally. It offers digital imagery services that include licensed photographs, vectors, illustrations, and video clips, which is used in visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications, and video content; and music services comprising music tracks and sound effects that are used to complement digital imagery.

Featured Article: Accumulation/Distribution

Institutional Ownership by Quarter for Shutterstock (NYSE:SSTK)

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