Sterling Capital Management LLC Grows Holdings in CBOE Holdings, Inc. (CBOE)

Sterling Capital Management LLC boosted its position in shares of CBOE Holdings, Inc. (NASDAQ:CBOE) by 56.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,221 shares of the financial services provider’s stock after purchasing an additional 11,571 shares during the period. Sterling Capital Management LLC’s holdings in CBOE Holdings were worth $2,945,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. California State Teachers Retirement System increased its holdings in CBOE Holdings by 24.0% during the 2nd quarter. California State Teachers Retirement System now owns 199,548 shares of the financial services provider’s stock worth $18,239,000 after purchasing an additional 38,673 shares in the last quarter. Gyroscope Capital Management Group LLC increased its holdings in CBOE Holdings by 20.3% during the 2nd quarter. Gyroscope Capital Management Group LLC now owns 19,501 shares of the financial services provider’s stock worth $1,782,000 after purchasing an additional 3,291 shares in the last quarter. C M Bidwell & Associates Ltd. bought a new position in CBOE Holdings during the 2nd quarter worth about $5,178,000. Caxton Associates LP bought a new position in CBOE Holdings during the 2nd quarter worth about $585,000. Finally, Green Square Capital LLC bought a new position in CBOE Holdings during the 2nd quarter worth about $621,000. Hedge funds and other institutional investors own 82.29% of the company’s stock.

A number of equities analysts have issued reports on the company. Royal Bank Of Canada cut CBOE Holdings from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $100.00 to $108.00 in a report on Monday. Keefe, Bruyette & Woods restated a “hold” rating and issued a $108.00 price objective on shares of CBOE Holdings in a report on Thursday. Deutsche Bank AG raised their price objective on CBOE Holdings from $88.00 to $89.00 and gave the company a “hold” rating in a report on Monday, August 7th. BidaskClub cut CBOE Holdings from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded CBOE Holdings from a “hold” rating to a “buy” rating and set a $121.00 price objective for the company in a report on Monday, October 9th. Seven investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $101.64.

In related news, insider David S. Reynolds sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $109.12, for a total transaction of $436,480.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Carole E. Stone sold 1,520 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $97.14, for a total transaction of $147,652.80. Following the completion of the sale, the director now owns 14,241 shares in the company, valued at $1,383,370.74. The disclosure for this sale can be found here. Insiders have sold a total of 218,240 shares of company stock worth $21,417,728 over the last 90 days. 1.86% of the stock is currently owned by corporate insiders.

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Shares of CBOE Holdings, Inc. (NASDAQ CBOE) traded down 0.63% on Monday, hitting $109.80. 58,494 shares of the stock traded hands. The stock has a 50 day moving average price of $105.74 and a 200-day moving average price of $92.98. CBOE Holdings, Inc. has a 52 week low of $61.58 and a 52 week high of $110.67. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 60.03 and a beta of 0.49.

CBOE Holdings (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 4th. The financial services provider reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.01. The company had revenue of $266.90 million for the quarter, compared to analysts’ expectations of $266.22 million. CBOE Holdings had a net margin of 17.81% and a return on equity of 17.45%. CBOE Holdings’s revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. On average, equities research analysts forecast that CBOE Holdings, Inc. will post $3.41 EPS for the current year.

CBOE Holdings 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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Institutional Ownership by Quarter for CBOE Holdings (NASDAQ:CBOE)

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