Crestview Partners Ii Gp, L.P. Sells 2,500,000 Shares of CV Holdings Inc (CBF) Stock
CV Holdings Inc (NYSE:CBF) Director Crestview Partners Ii Gp, L.P. sold 2,500,000 shares of CV Holdings stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $38.00, for a total value of $95,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Crestview Partners Ii Gp, L.P. also recently made the following trade(s):
- On Tuesday, September 19th, Crestview Partners Ii Gp, L.P. sold 3,042,862 shares of CV Holdings stock. The shares were sold at an average price of $38.02, for a total value of $115,689,613.24.
Shares of CV Holdings Inc (NYSE CBF) opened at 39.00 on Friday. The stock has a market capitalization of $2.02 billion and a P/E ratio of 25.83. CV Holdings Inc has a 1-year low of $29.22 and a 1-year high of $45.00. The company has a 50 day moving average price of $37.70 and a 200-day moving average price of $39.25.
CV Holdings (NYSE:CBF) last issued its quarterly earnings data on Thursday, July 20th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $101.24 million during the quarter, compared to the consensus estimate of $99.11 million. On average, equities research analysts forecast that CV Holdings Inc will post $1.96 EPS for the current fiscal year.
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A number of hedge funds have recently modified their holdings of CBF. State Street Corp grew its holdings in CV Holdings by 39.0% in the 2nd quarter. State Street Corp now owns 1,120,263 shares of the company’s stock worth $42,685,000 after buying an additional 314,200 shares in the last quarter. TIAA CREF Investment Management LLC grew its holdings in CV Holdings by 22.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 136,542 shares of the company’s stock worth $5,926,000 after buying an additional 24,808 shares in the last quarter. Marshall Wace North America L.P. bought a new position in CV Holdings in the 1st quarter worth approximately $1,022,000. MARSHALL WACE ASIA Ltd bought a new position in CV Holdings in the 1st quarter worth approximately $1,022,000. Finally, Geode Capital Management LLC grew its holdings in CV Holdings by 8.9% in the 1st quarter. Geode Capital Management LLC now owns 252,353 shares of the company’s stock worth $10,952,000 after buying an additional 20,622 shares in the last quarter.
A number of research firms recently weighed in on CBF. Brean Capital restated a “hold” rating on shares of CV Holdings in a research note on Wednesday, August 2nd. Zacks Investment Research downgraded CV Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $42.67.
About CV Holdings
Capital Bank Financial Corp. operates as the bank holding company for Capital Bank Corporation that provides various commercial and consumer banking products and services, and ancillary financial services to individuals and businesses in the southeastern region of the United States. It offers various deposit products, such as non-interest-bearing checking, interest-bearing checking, savings, money market deposit, and individual retirement accounts; and certificates of deposit.
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