Parkwood LLC Reduces Position in CBOE Holdings Inc. (CBOE)
Parkwood LLC cut its position in shares of CBOE Holdings Inc. (NASDAQ:CBOE) by 14.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,832 shares of the company’s stock after selling 1,182 shares during the period. Parkwood LLC’s holdings in CBOE Holdings were worth $455,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in CBOE. Highstreet Asset Management Inc. raised its position in shares of CBOE Holdings by 31.9% in the second quarter. Highstreet Asset Management Inc. now owns 16,554 shares of the company’s stock worth $1,103,000 after buying an additional 4,008 shares during the period. LS Investment Advisors LLC raised its position in shares of CBOE Holdings by 72.7% in the second quarter. LS Investment Advisors LLC now owns 4,911 shares of the company’s stock worth $327,000 after buying an additional 2,067 shares during the period. Palo Capital Inc. raised its position in shares of CBOE Holdings by 106.1% in the second quarter. Palo Capital Inc. now owns 37,330 shares of the company’s stock worth $2,486,000 after buying an additional 19,219 shares during the period. Copper Rock Capital Partners LLC purchased a new position in shares of CBOE Holdings during the second quarter worth about $322,000. Finally, State of Alaska Department of Revenue raised its position in shares of CBOE Holdings by 7.5% in the second quarter. State of Alaska Department of Revenue now owns 8,396 shares of the company’s stock worth $559,000 after buying an additional 583 shares during the period. 74.18% of the stock is owned by institutional investors and hedge funds.
Shares of CBOE Holdings Inc. (NASDAQ:CBOE) traded up 1.16% during trading on Friday, hitting $68.94. 781,886 shares of the company traded hands. The firm has a 50 day moving average price of $68.45 and a 200-day moving average price of $65.74. CBOE Holdings Inc. has a one year low of $58.43 and a one year high of $72.53. The stock has a market cap of $5.60 billion, a price-to-earnings ratio of 26.07 and a beta of 0.54.
CBOE Holdings (NASDAQ:CBOE) last released its earnings results on Friday, July 29th. The company reported $0.60 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $159.22 million. CBOE Holdings had a net margin of 32.55% and a return on equity of 81.50%. CBOE Holdings’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Analysts predict that CBOE Holdings Inc. will post $2.40 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.92 annualized dividend and a yield of 1.33%. CBOE Holdings’s payout ratio is 37.88%.
A number of research analysts have recently issued reports on CBOE shares. Zacks Investment Research lowered shares of CBOE Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. Deutsche Bank AG reiterated a “hold” rating on shares of CBOE Holdings in a research note on Sunday, June 26th. Barclays PLC upped their target price on shares of CBOE Holdings from $51.00 to $53.00 and gave the stock an “underweight” rating in a research report on Thursday, July 7th. JPMorgan Chase & Co. restated a “hold” rating and set a $61.00 target price on shares of CBOE Holdings in a research report on Wednesday, August 3rd. Finally, Bank of America Corp. lowered shares of CBOE Holdings from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $68.29 to $65.00 in a research report on Thursday, August 11th. They noted that the move was a valuation call. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $64.73.
In other CBOE Holdings news, CEO Edward T. Tilly sold 6,250 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $67.86, for a total transaction of $424,125.00. Following the transaction, the chief executive officer now owns 73,611 shares of the company’s stock, valued at approximately $4,995,242.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.96% of the company’s stock.
CBOE Holdings Company Profile
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).
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