Rail-splitter Capital Management Exits Position in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Rail-splitter Capital Management has sold out all of its stake in MarketAxess Holdings during the most recent quarter, according to the disclosure filed by the company on Aug 2, 2016 with the SEC. The investment management company has sold out 75,576 shares of MarketAxess Holdings which is valued at $12,223,662.

Other Hedge Funds, Including , Quantitative Investment Management boosted its stake in MKTX in the latest quarter, The investment management firm added 15,700 additional shares and now holds a total of 29,300 shares of MarketAxess Holdings which is valued at $4,738,982. MarketAxess Holdings makes up approx 0.21% of Quantitative Investment Management’s portfolio. Aberdeen Asset Management Plcuk sold out all of its stake in MKTX during the most recent quarter. The investment firm sold 88,221 shares of MKTX which is valued $14,268,865.Alps Advisors Inc reduced its stake in MKTX by selling 220 shares or 6.35% in the most recent quarter. The Hedge Fund company now holds 3,247 shares of MKTX which is valued at $499,389.Rs Investment Management Co reduced its stake in MKTX by selling 89,439 shares or 30.85% in the most recent quarter. The Hedge Fund company now holds 200,478 shares of MKTX which is valued at $30,833,516. MarketAxess Holdings makes up approx 0.30% of Rs Investment Management Co’s portfolio.Simplex Trading boosted its stake in MKTX in the latest quarter, The investment management firm added 1,635 additional shares and now holds a total of 1,714 shares of MarketAxess Holdings which is valued at $260,614. MarketAxess Holdings makes up approx 0.03% of Simplex Trading’s portfolio.

MarketAxess Holdings closed down -1.06 points or -0.65% at $161.77 with 2,25,764 shares getting traded on Monday. Post opening the session at $162.93, the shares hit an intraday low of $161.68 and an intraday high of $163.65 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, MarketAxess Holdings reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.85. The company had revenue of $96.60 million for the quarter, compared to analysts expectations of $93.73 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on MarketAxess Holdings. MarketAxess Holdings was Downgraded by Raymond James to ” Mkt Perform” on Jul 15, 2016.

MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds emerging markets and high-yield bonds European bonds United States agency bonds credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers and to execute trades with the broker-dealer of their choice. The Company offers various services including Information Services Post-Trade Services and Straight-Through Processing.

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