CBOE Holdings Inc (CBOE) is Downgraded by BofA/Merrill to Underperform

CBOE Holdings Inc (CBOE) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on CBOE Holdings Inc. Sterne Agee CRT Initiated CBOE Holdings Inc on May 20, 2016 to “Underperform”, Price Target of the shares are set at $56.

On the company’s financial health, CBOE Holdings Inc reported $0.60 EPS for the quarter, based on the information available during the earnings call on Jul 29, 2016. Analyst had a consensus estimate of $0.60. The company had revenue of $163.30 million for the quarter, compared to analysts expectations of $162.53 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

CBOE Holdings Inc closed down -0.14 points or -0.20% at $68.59 with 1,93,121 shares getting traded on Monday. Post opening the session at $68.84, the shares hit an intraday low of $68.35 and an intraday high of $68.86 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 16, 2016, Gerald T O’connell (Executive VP and CIO) sold 14,909 shares at $65.00 per share price. According to the SEC, on Jun 15, 2016, Edward T Tilly (Chief Executive Officer) sold 6,250 shares at $64.46 per share price. On Jun 8, 2016, William J Brodsky (director) sold 5,000 shares at $62.82 per share price, according to the Form-4 filing with the securities and exchange commission.

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). The Company operates three stand-alone exchanges. CBOE is the Company’s options market and offers trading in listed options through a single system that integrates electronic trading and open outcry trading. The options contracts listed for trading include options on indexes equities and ETPs.

CBOE Holdings Inc

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