Institutional Heat: Stamps Com INC (STMP) Holder Archon Capital Management LLC Has Decreased Holding by $6.04 Million

Institutional Heat: Stamps Com INC (STMP) Holder Archon Capital Management LLC Has Decreased Holding by $6.04 Million

Constantinos J. Christofilis decreased its stake in Stamps Com Inc (STMP) by 79.68% based on its latest 2016Q3 regulatory filing with the SEC. Archon Capital Management Llc sold 64,300 shares as the company’s stock rose 8.77% with the market. The hedge fund run by Constantinos J. Christofilis held 16,400 shares of the business services company at the end of 2016Q3, valued at $1.55 million, down from 80,700 at the end of the previous reported quarter. Archon Capital Management Llc who had been investing in Stamps Com Inc for a number of months, seems to be less bullish one the $2.02 billion market cap company. The stock is up 0.56% or $0.65 hitting $116.75, despite the negative news. About 78,075 shares traded hands. Stamps.com Inc. (NASDAQ:STMP) has risen 24.13% since June 7, 2016 and is uptrending. It has outperformed by 16.71% the S&P500.

Constantinos J. Christofilis founded Archon Capital Management in 2004 and it is based in Seattle. The firm places an emphasis on technology, consumer and health-care sectors. The company typically invests in companies that it believes are undervalued but have the potential to accelerate their sales or earnings. Archon Capital Management Llc is a Washington-based hedge fund that was founded by Constantinos J. Christofilis. It had more than $475.28 million assets under management in March, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Archon Capital Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 7 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

Insitutional Activity: The institutional sentiment decreased to 1.26 in Q3 2016. Its down 0.08, from 1.34 in 2016Q2. The ratio is negative, as 39 funds sold all STMP shares owned while 62 reduced positions. 43 funds bought stakes while 84 increased positions. They now own 18.25 million shares or 7.38% more from 17.00 million shares in 2016Q2. Qs Invsts Lc holds 0.04% or 58,942 shares in its portfolio. Northern Trust Corporation reported 265,576 shares or 0.01% of all its holdings. Putnam Investments Limited Company holds 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 17,982 shares. State Bank Of Montreal Can accumulated 0% or 916 shares. Swiss Financial Bank accumulated 0% or 26,866 shares. Services Automobile Association has 12,163 shares for 0% of their US portfolio. Capstone Asset Management Com last reported 6,547 shares in the company. Geode Capital Lc accumulated 116,623 shares or 0.01% of the stock. Pub Sector Pension Investment Board last reported 11,188 shares in the company. Cim Investment Mangement Incorporated owns 3,354 shares or 0.12% of their US portfolio. Fifth Third Financial Bank has 134 shares for 0% of their US portfolio. The New York-based Oz Management LP has invested 0.02% in Stamps.com Inc. (NASDAQ:STMP). Dekabank Deutsche Girozentrale accumulated 0% or 1,220 shares. Wellington Mngmt Grp Inc Ltd Liability Partnership holds 220,665 shares or 0.01% of its portfolio. Fmr owns 2.59 million shares or 0.03% of their US portfolio.

Insider Transactions: Since July 25, 2016, the stock had 0 insider buys, and 9 insider sales for $13.84 million net activity. MILLER LLOYD I III sold $5.40 million worth of Stamps.com Inc. (NASDAQ:STMP) on Monday, December 5. Shares for $472,652 were sold by BORTNAK JAMES on Monday, September 26.

Analysts await Stamps.com Inc. (NASDAQ:STMP) to report earnings on February, 23. They expect $1.84 EPS, up 70.37% or $0.76 from last year’s $1.08 per share. STMP’s profit will be $31.84 million for 15.86 P/E if the $1.84 EPS becomes a reality. After $1.84 actual EPS reported by Stamps.com Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Stamps.com Inc. (NASDAQ:STMP) news were published by: Fool.com which released: “Acquisitions Drive Stamps.com Inc. Earnings Sharply Higher” on November 08, 2016, also Fool.com with their article: “Stamps.com Inc. Revenue Surges 74%” published on August 09, 2016, Fool.com published: “Stamps.com Inc. Sales Soar 86%” on May 14, 2016. More interesting news about Stamps.com Inc. (NASDAQ:STMP) were released by: Fool.com and their article: “Why Stamps.com Inc. Stock Fell 15%” published on April 28, 2016 as well as Fool.com‘s news article titled: “Stamps.com Inc. Earnings Soar as Acquisitions Boost Results” with publication date: February 29, 2016.

According to Zacks Investment Research, “Stamps.com provides easy, convenient and cost-effective Internet -based services for mailing or shipping letters, packages or parcels anywhere in the United States and at anytime. Their core mailing and shipping services are designed to allow individual consumers or employees of small businesses or larger enterprises to select a carrier, print US postage or shipping labels from multiple carriers, schedule a pick-up, track a package and apply enterprise-wide business rules to manage and account for mailing and shipping costs.”

Stamps.com Inc. (NASDAQ:STMP) Ratings Coverage

Out of 6 analysts covering Stamps.com (NASDAQ:STMP), 4 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Stamps.com has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by Singular Research on Monday, October 19 with “Buy”. The rating was initiated by Prescience Point on Thursday, July 14 with “Sell”. On Monday, November 9 the stock rating was maintained by Singular Research with “Buy”. On Friday, November 6 the stock rating was upgraded by B. Riley & Co to “Buy”. Northland Capital maintained Stamps.com Inc. (NASDAQ:STMP) on Friday, November 6 with “Outperform” rating. B Riley maintained Stamps.com Inc. (NASDAQ:STMP) rating on Friday, August 7. B Riley has “Neutral” rating and $80 price target. Sidoti upgraded Stamps.com Inc. (NASDAQ:STMP) on Tuesday, January 12 to “Buy” rating. The firm earned “Neutral” rating on Monday, November 9 by Sidoti.

STMP Company Profile

Stamps.com Inc., incorporated on January 9, 1998, is a well-known provider of Internet mailing and shipping solutions. The Firm operates through the Internet Mailing and Shipping Services segment. Under the Stamps.com and Endicia branded solutions, the Company’s clients use its service to mail and ship a range of mail pieces, including postcards, envelopes, flats and packages, using a range of United States Postal Service (USPS) mail classes, including First Class Mail, Priority Mail, Priority Mail Express, Media Mail, and Parcel Select, and among others. The Company’s clients include individuals, small businesses, home offices, medium-size businesses and large enterprises, and within these categories, the Company targets both mailers and shippers. In addition, the Company offers multi-carrier shipping solutions under the brand names ShipStation and ShipWorks. The Company’s services and products include Mailing and Shipping Business and Customized Postage.

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