In today’s session CBOE Holdings, Inc (CBOE) registered an unusually high (600) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious CBOE increase. With 600 contracts traded and 26474 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: CBOE170120C00072500 closed last at: $0.25 or 28.6% down. About 241,546 shares traded hands. CBOE Holdings, Inc (NASDAQ:CBOE) has declined 3.24% since March 29, 2016 and is downtrending. It has underperformed by 6.72% the S&P500.
Analysts await CBOE Holdings, Inc (NASDAQ:CBOE) to report earnings on November, 4. They expect $0.60 earnings per share, down 21.05% or $0.16 from last year’s $0.76 per share. CBOE’s profit will be $49.58 million for 26.37 P/E if the $0.60 EPS becomes a reality. After $0.60 actual earnings per share reported by CBOE Holdings, Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
CBOE Holdings, Inc (NASDAQ:CBOE) Ratings Coverage
Out of 17 analysts covering CBOE Holdings Inc (NASDAQ:CBOE), 4 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 24% are positive. $82 is the highest target while $52 is the lowest. The $64.08 average target is 1.25% above today’s ($63.29) stock price. CBOE Holdings Inc has been the topic of 43 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by Deutsche Bank given on Friday, September 9. The firm earned “Equal Weight” rating on Tuesday, August 11 by Barclays Capital. The stock of CBOE Holdings, Inc (NASDAQ:CBOE) earned “Buy” rating by Buckingham Research on Tuesday, September 27. Deutsche Bank maintained the shares of CBOE in a report on Friday, January 8 with “Hold” rating. The stock of CBOE Holdings, Inc (NASDAQ:CBOE) has “Equal-Weight” rating given on Wednesday, August 26 by Barclays Capital. JP Morgan maintained it with “Neutral” rating and $55 target price in Friday, September 4 report. Evercore upgraded the shares of CBOE in a report on Tuesday, October 11 to “Buy” rating. As per Tuesday, October 4, the company rating was upgraded by Wells Fargo. RBC Capital Markets initiated CBOE Holdings, Inc (NASDAQ:CBOE) on Wednesday, December 9 with “Outperform” rating. On Monday, February 8 the stock rating was downgraded by CLSA to “Underperform”.
According to Zacks Investment Research, “CBOE Holdings, Inc. operates as the holding company for Chicago Board Options Exchange (CBOE), which is an options exchange which operates as an organized marketplace for the trade of standardized, listed options on equity securities. CBOE offers equity, index and ETF options, including proprietary products, such as S&P 500 options (SPX), and options on the CBOE Volatility Index (VIX). Other products engineered by the Company include equity options, security index options, LEAPS options, FLEX options, and CBOE S&P 500 BuyWrite Index (BXM). Its Hybrid Trading System incorporates electronic and open outcry trading, enabling customers to choose their trading method. CBOE’s Hybrid is powered by CBOEdirect, a proprietary, state-of-the-art electronic platform that also supports the CBOE Futures Exchange (CFE), CBOE Stock Exchange (CBSX) and OneChicago. CBOE Holdings, Inc. is based in Chicago, Illinois.”
Insitutional Activity: The institutional sentiment decreased to 0.77 in 2016 Q2. Its down 0.16, from 0.93 in 2016Q1. The ratio fall, as 35 funds sold all CBOE Holdings, Inc shares owned while 97 reduced positions. 18 funds bought stakes while 84 increased positions. They now own 57.34 million shares or 2.40% less from 58.75 million shares in 2016Q1.
First Personal Svcs reported 344 shares or 0.01% of all its holdings. Fishman Jay A Ltd Mi has 0% invested in the company for 10,408 shares. The Missouri-based Scout has invested 0.56% in CBOE Holdings, Inc (NASDAQ:CBOE). Gyroscope Cap Mngmt Gp Ltd Limited Liability Company reported 16,000 shares or 0.87% of all its holdings. Moreover, Blackrock has 0% invested in CBOE Holdings, Inc (NASDAQ:CBOE) for 47,134 shares. Weaver C Barksdale has 0.01% invested in the company for 60 shares. The Illinois-based Hightower Advsrs Ltd has invested 0.05% in CBOE Holdings, Inc (NASDAQ:CBOE). Aull & Monroe Management Corporation last reported 18,774 shares in the company. Jaffetilchin Invest Prns Ltd Liability Company owns 6,688 shares or 0.14% of their US portfolio. Aqr Cap Mgmt Limited holds 0% or 9,604 shares in its portfolio. Credit Agricole S A has invested 0.03% of its portfolio in CBOE Holdings, Inc (NASDAQ:CBOE). Chesley Taft Assoc Limited Liability Corp has 0.15% invested in the company for 21,475 shares. Moreover, Steinberg Global Asset has 0.04% invested in CBOE Holdings, Inc (NASDAQ:CBOE) for 3,049 shares. Smithfield Tru holds 0.04% or 3,370 shares in its portfolio. Calvert Mgmt Incorporated has invested 0.02% of its portfolio in CBOE Holdings, Inc (NASDAQ:CBOE).
Insider Transactions: Since May 18, 2016, the stock had 0 insider purchases, and 5 insider sales for $2.42 million net activity. 6,250 shares with value of $424,125 were sold by Tilly Edward T on Monday, September 12. O’Connell Gerald T had sold 14,909 shares worth $969,085. On Wednesday, May 18 the insider BRODSKY WILLIAM J sold $313,550.
CBOE Holdings, Inc. is a holding company. The company has a market cap of $5.23 billion. The Company’s principal business is operating markets that offer for trading options on various market indexes , on an exclusive basis and futures contracts, as well as on non-exclusive multiply listed options, such as options on the stocks of individual firms (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). It has a 23.92 P/E ratio. The Firm operates over three stand-alone exchanges.
CBOE Company Profile
CBOE Holdings, Inc., incorporated on August 15, 2006, 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 firms (equity options), and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options). The Firm operates over three stand-alone exchanges. The Company’s subsidiary, Chicago Board Options Exchange, Incorporated (CBOE), is its options market that offers trading in listed options through a single system that integrates electronic trading and open outcry trading.
More recent CBOE Holdings, Inc (NASDAQ:CBOE) news were published by: Prnewswire.com which released: “CBOE Holdings Reports Solid Third-Quarter Results” on October 28, 2016. Also Prnewswire.com published the news titled: “CBOE Holdings Declares Fourth-Quarter 2016 Dividend” on October 26, 2016. Nasdaq.com‘s news article titled: “First Week of June 2017 Options Trading For CBOE Holdings (CBOE)” with publication date: October 25, 2016 was also an interesting one.
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