Park West Asset Management Cut Shutterfly (SFLY) Stake; Profile of 1 Analysts Covering Agellan Commercial Real Estate Investment Trust (TSE:ACR.UN)

December 7, 2017 - By Vivian Park

Park West Asset Management Llc decreased Shutterfly Inc (SFLY) stake by 25.33% reported in 2017Q2 SEC filing. Park West Asset Management Llc sold 698,764 shares as Shutterfly Inc (SFLY)’s stock rose 3.72%. The Park West Asset Management Llc holds 2.06 million shares with $97.86M value, down from 2.76 million last quarter. Shutterfly Inc now has $1.45B valuation. The stock decreased 0.25% or $0.11 during the last trading session, reaching $44.29. About 13,002 shares traded. Shutterfly, Inc. (NASDAQ:SFLY) has risen 9.83% since December 7, 2016 and is uptrending. It has underperformed by 6.87% the S&P500.

Among 3 analysts covering Agellan Commerical REIT (TSE:ACR.UN), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Agellan Commerical REIT had 20 analyst reports since August 12, 2015 according to SRatingsIntel. On Monday, August 21 the stock rating was maintained by Scotia Capital with “Sector Perform”. The stock of Agellan Commercial Real Estate Investment Trust (TSE:ACR.UN) earned “Sector Perform” rating by Scotia Capital on Wednesday, January 18. The rating was maintained by BMO Capital Markets with “Outperform” on Thursday, November 23. The stock has “” rating by Canaccord Genuity on Thursday, January 5. See Agellan Commercial Real Estate Investment Trust (TSE:ACR.UN) latest ratings:




23/11/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $13.00 Maintain
13/09/2017 Broker: BMO Capital Markets Rating: Outperform New Target: $12.50 Target
21/08/2017 Broker: Scotia Capital Rating: Sector Perform New Target: $11.50 Maintain

Park West Asset Management Llc increased Gms Inc stake by 480,000 shares to 980,000 valued at $27.54M in 2017Q2. It also upped Anavex Life Sciences Corp stake by 340,737 shares and now owns 3.30M shares. Heska Corp (NASDAQ:HSKA) was raised too.

Analysts await Shutterfly, Inc. (NASDAQ:SFLY) to report earnings on February, 7. They expect $2.91 EPS, up 10.65% or $0.28 from last year’s $2.63 per share. SFLY’s profit will be $95.53 million for 3.80 P/E if the $2.91 EPS becomes a reality. After $-0.73 actual EPS reported by Shutterfly, Inc. for the previous quarter, Wall Street now forecasts -498.63% EPS growth.

Among 12 analysts covering Shutterfly (NASDAQ:SFLY), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Shutterfly had 30 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, July 20 by Axiom Capital. The stock has “Neutral” rating by Goldman Sachs on Wednesday, October 11. The stock of Shutterfly, Inc. (NASDAQ:SFLY) has “Neutral” rating given on Thursday, April 28 by Goldman Sachs. RBC Capital Markets maintained Shutterfly, Inc. (NASDAQ:SFLY) on Thursday, February 4 with “Outperform” rating. Robert W. Baird maintained it with “Hold” rating and $5000 target in Tuesday, July 25 report. The firm earned “Equal-Weight” rating on Thursday, April 28 by Barclays Capital. Jefferies maintained Shutterfly, Inc. (NASDAQ:SFLY) rating on Thursday, August 3. Jefferies has “Hold” rating and $5300 target. Jefferies maintained the stock with “Hold” rating in Wednesday, June 21 report. The rating was maintained by Axiom Capital on Saturday, August 29 with “Buy”. As per Thursday, July 30, the company rating was downgraded by Raymond James.

Investors sentiment increased to 1.65 in 2017 Q2. Its up 0.64, from 1.01 in 2017Q1. It improved, as 10 investors sold SFLY shares while 44 reduced holdings. 27 funds opened positions while 62 raised stakes. 32.58 million shares or 4.32% less from 34.05 million shares in 2017Q1 were reported. Cubist Systematic Strategies Limited Liability Com stated it has 10,990 shares. Park West Asset Ltd Co stated it has 5.42% in Shutterfly, Inc. (NASDAQ:SFLY). Alaska-based State Of Alaska Department Of Revenue has invested 0.02% in Shutterfly, Inc. (NASDAQ:SFLY). Manufacturers Life Insur The invested in 0% or 26,348 shares. Walleye Trading Limited Liability Corp has 1,251 shares for 0% of their portfolio. Blackrock owns 0.01% invested in Shutterfly, Inc. (NASDAQ:SFLY) for 4.02M shares. Goldman Sachs Grp Inc owns 139,490 shares. Ameritas Invest Ptnrs Inc holds 0.01% in Shutterfly, Inc. (NASDAQ:SFLY) or 2,984 shares. Voya Investment Ltd Liability Corp accumulated 64,283 shares. Loomis Sayles Lp owns 144 shares. Pnc Finance Inc has invested 0% in Shutterfly, Inc. (NASDAQ:SFLY). Wedge L Ltd Partnership Nc holds 6,075 shares or 0% of its portfolio. Rhumbline Advisers reported 66,920 shares. Federated Invsts Incorporated Pa stated it has 0.01% of its portfolio in Shutterfly, Inc. (NASDAQ:SFLY). Teachers Retirement System Of The State Of Kentucky invested in 10,000 shares or 0.01% of the stock.

Since June 12, 2017, it had 0 insider purchases, and 3 sales for $1.25 million activity. Sebring Jason sold $120,494 worth of Shutterfly, Inc. (NASDAQ:SFLY) on Thursday, June 15. Another trade for 21,750 shares valued at $1.06M was made by LAYNEY TRACY on Thursday, June 15. Shares for $69,172 were sold by MATHER ANN.

It closed at $11.9 lastly. It is down 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Agellan Commercial Real Estate Investment Trust is a real estate investment trust externally managed by Agellan Capital Partners Inc. The company has market cap of $390.95 million. It invests in the real estate markets of United States and Canada. It has a 6.1 P/E ratio. The firm focusses on acquiring and owning industrial, office and retail properties in select major urban markets.

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