Horizon Kinetics Lowers stake in CBOE Holdings Inc (CBOE)

CBOE Holdings Inc (CBOE) : Horizon Kinetics reduced its stake in CBOE Holdings Inc by 5.57% during the most recent quarter end. The investment management company now holds a total of 1,177,346 shares of CBOE Holdings Inc which is valued at $78,999,917 after selling 69,509 shares in CBOE Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.CBOE Holdings Inc makes up approximately 1.87% of Horizon Kinetics’s portfolio.

Other Hedge Funds, Including , Lazard Asset Management boosted its stake in CBOE in the latest quarter, The investment management firm added 56,544 additional shares and now holds a total of 1,915,804 shares of CBOE Holdings Inc which is valued at $128,550,448. CBOE Holdings Inc makes up approx 0.29% of Lazard Asset Management’s portfolio.Lord Abbett reduced its stake in CBOE by selling 503,756 shares or 76.49% in the most recent quarter. The Hedge Fund company now holds 154,805 shares of CBOE which is valued at $10,387,416. CBOE Holdings Inc makes up approx 0.03% of Lord Abbett’s portfolio.Tower Research Capital (trc) boosted its stake in CBOE in the latest quarter, The investment management firm added 1,115 additional shares and now holds a total of 3,204 shares of CBOE Holdings Inc which is valued at $214,988. CBOE Holdings Inc makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.Td Asset Management Inc reduced its stake in CBOE by selling 1,500 shares or 0.92% in the most recent quarter. The Hedge Fund company now holds 161,200 shares of CBOE which is valued at $11,079,276. CBOE Holdings Inc makes up approx 0.02% of Td Asset Management Inc’s portfolio.

CBOE Holdings Inc opened for trading at $68.74 and hit $69.22 on the upside on Thursday, eventually ending the session at $68.95, with a gain of 0.38% or 0.26 points. The heightened volatility saw the trading volume jump to 3,33,112 shares. Company has a market cap of $5,605 M.

On the company’s financial health, CBOE Holdings Inc reported $0.60 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.60. The company had revenue of $163.30 million for the quarter, compared to analysts expectations of $162.53 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on CBOE Holdings Inc. CBOE Holdings Inc was Downgraded by BofA/Merrill to ” Underperform” on Aug 11, 2016. Sterne Agee CRT Initiated CBOE Holdings Inc on May 20, 2016 to “Underperform”, Price Target of the shares are set at $56.

CBOE Holdings Inc. is a holding company. The Company’s principal business is operating markets that offer for trading options on various market indexes (index options) on an exclusive basis and futures contracts as well as on non-exclusive multiply listed options such as options on the stocks of individual corporations (equity options) and options on other exchange-traded products (ETP options) such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Company operates three stand-alone exchanges. CBOE is the Company’s options market and offers trading in listed options through a single system that integrates electronic trading and open outcry trading. The options contracts listed for trading include options on indexes equities and ETPs.

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