Renaissance Technologies buys $302,486,800 stake in CBOE Holdings Inc (CBOE)

CBOE Holdings Inc (CBOE) : Renaissance Technologies scooped up 71,300 additional shares in CBOE Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,508,000 shares of CBOE Holdings Inc which is valued at $302,486,800.CBOE Holdings Inc makes up approximately 0.56% of Renaissance Technologies’s portfolio.

Other Hedge Funds, Including , 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. Canada Pension Plan Investment Board sold out all of its stake in CBOE during the most recent quarter. The investment firm sold 2,000 shares of CBOE which is valued $134,200.Victory Capital Management Inc boosted its stake in CBOE in the latest quarter, The investment management firm added 550 additional shares and now holds a total of 10,403 shares of CBOE Holdings Inc which is valued at $698,353.Arcus Capital Partners reduced its stake in CBOE by selling 1,000 shares or 7.4% in the most recent quarter. The Hedge Fund company now holds 12,510 shares of CBOE which is valued at $860,563. CBOE Holdings Inc makes up approx 0.80% of Arcus Capital Partners’s portfolio.Cibc Asset Management Inc boosted its stake in CBOE in the latest quarter, The investment management firm added 3,890 additional shares and now holds a total of 12,432 shares of CBOE Holdings Inc which is valued at $855,197. CBOE Holdings Inc makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.

CBOE Holdings Inc opened for trading at $68.96 and hit $69.44 on the upside on Monday, eventually ending the session at $69.05, with a gain of 0.22% or 0.15 points. The heightened volatility saw the trading volume jump to 2,80,044 shares. Company has a market cap of $5,613 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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