Gw&k Investment Management Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Gw&k Investment Management reduced its stake in MarketAxess Holdings by 10.84% during the most recent quarter end. The investment management company now holds a total of 706,089 shares of MarketAxess Holdings which is valued at $91,410,282 after selling 85,875 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.MarketAxess Holdings makes up approximately 2.01% of Gw&k Investment Management’s portfolio.

MarketAxess Holdings opened for trading at $128.03 and hit $129.83 on the upside on Friday, eventually ending the session at $129.46, with a gain of 0.95% or 1.22 points. The heightened volatility saw the trading volume jump to 2,96,536 shares. Company has a market cap of $4,858 M.

Other Hedge Funds, Including , Btim Corp. reduced its stake in MKTX by selling 2,613 shares or 1.54% in the most recent quarter. The Hedge Fund company now holds 167,183 shares of MKTX which is valued at $21,643,511. MarketAxess Holdings makes up approx 0.37% of Btim Corp.’s portfolio.Simplex Trading reduced its stake in MKTX by selling 489 shares or 86.09% in the most recent quarter. The Hedge Fund company now holds 79 shares of MKTX which is valued at $9,850.Eagle Boston Investment Management Inc reduced its stake in MKTX by selling 5,853 shares or 14.11% in the most recent quarter. The Hedge Fund company now holds 35,623 shares of MKTX which is valued at $4,329,976. MarketAxess Holdings makes up approx 0.61% of Eagle Boston Investment Management Inc’s portfolio. Proficio Capital Partners sold out all of its stake in MKTX during the most recent quarter. The investment firm sold 36 shares of MKTX which is valued $4,376.

On the company’s financial health, MarketAxess Holdings reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.63. The company had revenue of $76.60 million for the quarter, compared to analysts expectations of $76.22 million. The company’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

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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