Arbor Capital Management Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Arbor Capital Management reduced its stake in MarketAxess Holdings by 28.97% during the most recent quarter end. The investment management company now holds a total of 35,743 shares of MarketAxess Holdings which is valued at $5,798,229 after selling 14,577 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.MarketAxess Holdings makes up approximately 2.90% of Arbor Capital Management’s portfolio.

Other Hedge Funds, Including , Wellington Management Group Llp reduced its stake in MKTX by selling 429,416 shares or 20.71% in the most recent quarter. The Hedge Fund company now holds 1,644,236 shares of MKTX which is valued at $266,727,964. MarketAxess Holdings makes up approx 0.07% of Wellington Management Group Llp’s portfolio.Raymond James Associates boosted its stake in MKTX in the latest quarter, The investment management firm added 2,406 additional shares and now holds a total of 50,444 shares of MarketAxess Holdings which is valued at $8,183,026. MarketAxess Holdings makes up approx 0.02% of Raymond James Associates’s portfolio.Blackrock Group Ltd boosted its stake in MKTX in the latest quarter, The investment management firm added 13,692 additional shares and now holds a total of 41,869 shares of MarketAxess Holdings which is valued at $6,791,989.Geneva Advisors reduced its stake in MKTX by selling 17,495 shares or 3.95% in the most recent quarter. The Hedge Fund company now holds 425,814 shares of MKTX which is valued at $68,977,610. MarketAxess Holdings makes up approx 1.32% of Geneva Advisors’s portfolio. Daiwa Securities Group added MKTX to its portfolio by purchasing 1,100 company shares during the most recent quarter which is valued at $169,180.

MarketAxess Holdings opened for trading at $169.25 and hit $170.41 on the upside on Thursday, eventually ending the session at $169.53, with a gain of 0.59% or 0.99 points. The heightened volatility saw the trading volume jump to 1,99,395 shares. Company has a market cap of $6,379 M.

On the company’s financial health, MarketAxess Holdings reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.85. The company had revenue of $96.60 million for the quarter, compared to analysts expectations of $93.73 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on MarketAxess Holdings. MarketAxess Holdings was Downgraded by Raymond James to ” Mkt Perform” on Jul 15, 2016.

MarketAxess Holdings Inc. (MarketAxess) is an electronic trading platform. The Company operates as an electronic multi-party platform for the trading of fixed-income securities and provides related data analytics compliance tools and post-trade services. The Company offers its broker-dealer clients a solution that allows them to reach institutional investor clients for the distribution and trading of bonds. The Company’s trading platform provides access to global liquidity in United States high-grade corporate bonds emerging markets and high-yield bonds European bonds United States agency bonds credit derivatives and other fixed-income securities. The Company’s multi-dealer trading platform allows its institutional investor clients to request bids or offers from multiple broker-dealers and to execute trades with the broker-dealer of their choice. The Company offers various services including Information Services Post-Trade Services and Straight-Through Processing.

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