P2 Capital Partners Increased Shutterfly (SFLY) Holding By $17.25 Million, Riverpoint Capital Management Has Raised Its Rio Tinto Plc (RIO) Stake

July 14, 2017 - By Nellie Frank

P2 Capital Partners Llc increased Shutterfly Inc (SFLY) stake by 25.81% reported in 2016Q4 SEC filing. P2 Capital Partners Llc acquired 345,000 shares as Shutterfly Inc (SFLY)’s stock rose 3.72%. The P2 Capital Partners Llc holds 1.68 million shares with $84.39M value, up from 1.34M last quarter. Shutterfly Inc now has $1.61B valuation. The stock rose 0.51% or $0.24 reaching $46.96 per share. About 199,096 shares traded. Shutterfly, Inc. (NASDAQ:SFLY) has risen 9.83% since July 14, 2016 and is uptrending. It has underperformed by 6.87% the S&P500.

Riverpoint Capital Management Llc increased Rio Tinto Plc (RIO) stake by 3884.9% reported in 2016Q4 SEC filing. Riverpoint Capital Management Llc acquired 298,360 shares as Rio Tinto Plc (RIO)’s stock declined 9.05%. The Riverpoint Capital Management Llc holds 306,040 shares with $11.77 million value, up from 7,680 last quarter. Rio Tinto Plc now has $83.07 billion valuation. The stock rose 1.62% or $0.72 reaching $45.28 per share. About 2.57M shares traded. Rio Tinto plc (ADR) (NYSE:RIO) has risen 43.73% since July 14, 2016 and is uptrending. It has outperformed by 27.03% the S&P500.

Since February 14, 2017, it had 1 insider purchase, and 24 sales for $5.92 million activity. 5,067 Shutterfly, Inc. (NASDAQ:SFLY) shares with value of $239,942 were sold by BORIS JOHN. Shares for $1.37 million were sold by North Christopher on Wednesday, May 31. 7,786 Shutterfly, Inc. (NASDAQ:SFLY) shares with value of $366,432 were sold by Wiley Roland Karl. Lokuge Ishantha also sold $150,822 worth of Shutterfly, Inc. (NASDAQ:SFLY) on Tuesday, February 14. The insider LANSING WILLIAM J bought $1.04M. Another trade for 7,616 shares valued at $363,534 was made by MENON SATISH on Friday, February 17. $1.06M worth of Shutterfly, Inc. (NASDAQ:SFLY) shares were sold by LAYNEY TRACY.

Among 11 analysts covering Shutterfly (NASDAQ:SFLY), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Shutterfly had 22 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by Axiom Capital given on Friday, February 19. Needham downgraded Shutterfly, Inc. (NASDAQ:SFLY) on Thursday, February 2 to “Hold” rating. The company was upgraded on Thursday, October 27 by Axiom Capital. The rating was maintained by Jefferies on Wednesday, June 21 with “Hold”. The company was downgraded on Thursday, February 4 by Bank of America. The rating was downgraded by Raymond James on Thursday, July 30 to “Market Perform”. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, February 2. As per Thursday, April 28, the company rating was maintained by Barclays Capital. The firm has “Buy” rating given on Thursday, February 4 by Axiom Capital. Axiom Capital maintained the shares of SFLY in report on Thursday, August 13 with “Buy” rating.

Investors sentiment increased to 1.31 in Q4 2016. Its up 0.06, from 1.25 in 2016Q3. It is positive, as 27 investors sold SFLY shares while 45 reduced holdings. 33 funds opened positions while 61 raised stakes. 31.07 million shares or 0.85% more from 30.81 million shares in 2016Q3 were reported. Swiss Natl Bank reported 0% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). Ulysses Mgmt Ltd Llc reported 5.56% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). 266,198 are held by Acadian Asset Ltd Liability. Fincl Bank Of New York Mellon has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Suntrust Banks accumulated 6,390 shares or 0% of the stock. Savings Bank Of Montreal Can has 46,195 shares for 0% of their portfolio. Retail Bank Of America De invested in 131,709 shares or 0% of the stock. Eaton Vance reported 0% in Shutterfly, Inc. (NASDAQ:SFLY). 9,837 are held by Royal Comml Bank Of Canada. Dupont Capital Management has 0.03% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 22,287 shares. Credit Suisse Ag stated it has 0.01% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). Moreover, Sei Investments has 0% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 12,599 shares. Fine Ltd Partnership holds 9.38% or 1.90M shares in its portfolio. Jpmorgan Chase And has invested 0% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). Millennium Llc accumulated 0.01% or 98,814 shares.

Among 20 analysts covering Rio Tinto (NYSE:RIO), 14 have Buy rating, 3 Sell and 3 Hold. Therefore 70% are positive. Rio Tinto had 35 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by CLSA to “Buy” on Friday, April 7. The stock has “Outperform” rating by Macquarie Research on Friday, August 7. Argus Research maintained Rio Tinto plc (ADR) (NYSE:RIO) rating on Thursday, December 1. Argus Research has “Buy” rating and $44 target. Morgan Stanley upgraded it to “Overweight” rating and $55 target in Tuesday, June 28 report. The stock has “Sector Perform” rating by IBC on Thursday, September 29. The firm has “Buy” rating by Jefferies given on Tuesday, June 20. The company was downgraded on Thursday, October 29 by Liberum Capital. The rating was maintained by Cowen & Co on Thursday, October 29 with “Market Perform”. The firm has “Outperform” rating given on Thursday, September 8 by RBC Capital Markets. The firm has “Sell” rating given on Wednesday, October 12 by Citigroup.

Riverpoint Capital Management Llc decreased Keycorp New stake by 2,225 shares to 6,250 valued at $844,000 in 2016Q4. It also reduced Select Sector Spdr Tr (XLK) stake by 7,240 shares and now owns 359,229 shares. Berkshire Hathaway Inc Del (BRKA) was reduced too.

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