Shutterstock Inc (SSTK) Ranks Best-in-Market-Cap-Class Among Top Investors

Consequently, key hedge funds have jumped into Shutterstock Inc (NYSE:SSTK) headfirst. TCS Capital Management assembled the biggest position in Shutterstock Inc (NYSE:SSTK). TCS Capital Management had $2.9 million invested in the company at the end of the quarter. Highbridge Capital Management also initiated a $2.4 million position during the quarter. The other funds with new positions in the stock are Ahmet Okumus’ Okumus Fund Management, and George Hall’s Clinton Group.

Let’s now review hedge fund activity in other stocks similar to Shutterstock Inc (NYSE:SSTK). We will take a look at CNOOC Limited (ADR) (NYSE:CEO), The Ensign Group, Inc. (NASDAQ:ENSG), Precision Drilling Corp (USA) (NYSE:PDS), and Nuveen Credit Strategies Income Fund (NYSE:JQC). This group of stocks’ market valuations are closest to Shutterstock Inc’s market valuation.

As you can see these stocks had an average of 8.5 hedge funds with bullish positions and the average amount invested in these stocks was $122 million. That figure was $21 million in Shutterstock Inc’s case. CNOOC Limited (ADR) (NYSE:CEO) is the most popular stock in this table. On the other hand Nuveen Credit Strategies Income Fund (NYSE:JQC) is the least popular one with only 5 bullish hedge fund positions. Compared to these stocks Shutterstock Inc (NYSE:SSTK) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.