CEB Inc. (CEB) Sees Large Drop in Short Interest
CEB Inc. (NYSE:CEB) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 978,152 shares, a drop of 40.1% from the January 13th total of 1,632,846 shares. Based on an average daily volume of 686,864 shares, the days-to-cover ratio is currently 1.4 days. Approximately 3.1% of the company’s shares are short sold.
Several equities research analysts have recently issued reports on the company. Cantor Fitzgerald set a $57.00 price objective on CEB and gave the stock a “buy” rating in a report on Saturday, November 19th. Barclays PLC upgraded CEB from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $50.00 to $75.00 in a report on Monday, January 9th. RBC Capital Markets set a $68.00 price objective on CEB and gave the stock a “buy” rating in a report on Tuesday, October 25th. SunTrust Banks, Inc. cut CEB from a “buy” rating to a “hold” rating and raised their price objective for the stock from $68.00 to $77.25 in a report on Monday. Finally, Royal Bank Of Canada raised their price objective on CEB from $60.00 to $74.00 and gave the stock a “sector perform” rating in a report on Friday, January 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $56.31.
Large investors have recently made changes to their positions in the company. 1st Global Advisors Inc. boosted its stake in shares of CEB by 21.2% in the third quarter. 1st Global Advisors Inc. now owns 4,129 shares of the company’s stock valued at $225,000 after buying an additional 721 shares during the last quarter. GW&K Investment Management LLC boosted its stake in shares of CEB by 2.0% in the third quarter. GW&K Investment Management LLC now owns 758,883 shares of the company’s stock valued at $41,336,000 after buying an additional 14,604 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of CEB by 2.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 11,336 shares of the company’s stock valued at $617,000 after buying an additional 222 shares during the last quarter. Sterling Capital Management LLC purchased a new stake in shares of CEB during the second quarter valued at approximately $4,500,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of CEB by 5.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 164,715 shares of the company’s stock valued at $10,160,000 after buying an additional 9,111 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.
CEB (NYSE:CEB) opened at 77.50 on Friday. The company has a 50 day moving average price of $74.73 and a 200 day moving average price of $60.84. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 66.58 and a beta of 1.91. CEB has a 12 month low of $47.33 and a 12 month high of $77.69.
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CEB Company Profile
CEB Inc, formerly The Corporate Executive Board Company, is a member-based advisory company. The Company operates through two segments: SHL Talent Measurement and CEB. Its SHL Talent Measurement provides cloud-based solutions for talent assessment and talent mobility, and decision support, as well as professional services to support those solutions.
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