Van Berkom Associates Lowers stake in CEB (CEB)

CEB (CEB) : Van Berkom Associates reduced its stake in CEB by 11.02% during the most recent quarter end. The investment management company now holds a total of 856,723 shares of CEB which is valued at $55,866,907 after selling 106,115 shares in CEB , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.CEB makes up approximately 2.44% of Van Berkom Associates’s portfolio.

Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in CEB in the latest quarter, The investment management firm added 420 additional shares and now holds a total of 3,858 shares of CEB which is valued at $248,802. CEB makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Curian Capital reduced its stake in CEB by selling 35,247 shares or 67.53% in the most recent quarter. The Hedge Fund company now holds 16,950 shares of CEB which is valued at $1,071,071. CEB makes up approx 0.08% of Curian Capital’s portfolio.

CEB opened for trading at $65.35 and hit $66.165 on the upside on Wednesday, eventually ending the session at $65.47, with a gain of 0.72% or 0.47 points. The heightened volatility saw the trading volume jump to 2,84,053 shares. Company has a market cap of $2,109 M.

On the company’s financial health, CEB reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.78. The company had revenue of $224.00 million for the quarter, compared to analysts expectations of $226.98 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

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