Van Berkom Associates Lowers stake in CBOE Holdings Inc (CBOE)

CBOE Holdings Inc (CBOE) : Van Berkom Associates reduced its stake in CBOE Holdings Inc by 3.16% during the most recent quarter end. The investment management company now holds a total of 939,893 shares of CBOE Holdings Inc which is valued at $63,781,139 after selling 30,635 shares in CBOE Holdings Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.CBOE Holdings Inc makes up approximately 2.78% of Van Berkom Associates’s portfolio.

Other Hedge Funds, Including , Wealthtrust-arizona boosted its stake in CBOE in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 112 shares of CBOE Holdings Inc which is valued at $7,600.Cim reduced its stake in CBOE by selling 220 shares or 2.82% in the most recent quarter. The Hedge Fund company now holds 7,575 shares of CBOE which is valued at $516,539. CBOE Holdings Inc makes up approx 0.25% of Cim’s portfolio. Cutler Group Lp sold out all of its stake in CBOE during the most recent quarter. The investment firm sold 479 shares of CBOE which is valued $32,452.

CBOE Holdings Inc closed down -0.65 points or -0.95% at $67.98 with 3,59,848 shares getting traded on Wednesday. Post opening the session at $68.62, the shares hit an intraday low of $67.79 and an intraday high of $68.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, CBOE Holdings Inc reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $0.62. The company had revenue of $162.33 million for the quarter, compared to analysts expectations of $165.71 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on CBOE Holdings Inc. Sterne Agee CRT Initiated CBOE Holdings Inc on May 20, 2016 to “Underperform”, Price Target of the shares are set at $56.Shares were Reiterated by Barclays on May 2, 2016 to “Underweight” and Lowered the Price Target to $ 53 from a previous price target of $54 .Shares were Reiterated by RBC Capital Mkts on May 2, 2016 to “Outperform” and Lowered the Price Target to $ 78 from a previous price target of $82 .

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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