Monroe Bank Trustmi Lowers stake in MarketAxess Holdings (MKTX)

MarketAxess Holdings (MKTX) : Monroe Bank Trustmi reduced its stake in MarketAxess Holdings by 14.5% during the most recent quarter end. The investment management company now holds a total of 8,689 shares of MarketAxess Holdings which is valued at $1,409,530 after selling 1,474 shares in MarketAxess Holdings , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.MarketAxess Holdings makes up approximately 0.47% of Monroe Bank Trustmi’s portfolio.

Other Hedge Funds, Including , Keybank National Associationoh added MKTX to its portfolio by purchasing 5,428 company shares during the most recent quarter which is valued at $880,530. MarketAxess Holdings makes up approx 0.01% of Keybank National Associationoh’s portfolio.Kayne Anderson Rudnick Investment Management reduced its stake in MKTX by selling 30,311 shares or 2.97% in the most recent quarter. The Hedge Fund company now holds 991,581 shares of MKTX which is valued at $160,408,058. MarketAxess Holdings makes up approx 2.36% of Kayne Anderson Rudnick Investment Management’s portfolio.Quadrant Capital Group boosted its stake in MKTX in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 309 shares of MarketAxess Holdings which is valued at $49,953. MarketAxess Holdings makes up approx 0.03% of Quadrant Capital Group’s portfolio.Eagle Boston Investment Management Inc boosted its stake in MKTX in the latest quarter, The investment management firm added 958 additional shares and now holds a total of 36,581 shares of MarketAxess Holdings which is valued at $5,562,141. MarketAxess Holdings makes up approx 0.73% of Eagle Boston Investment Management Inc’s portfolio.Gw&k Investment Management reduced its stake in MKTX by selling 45,185 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 660,904 shares of MKTX which is valued at $99,598,233. MarketAxess Holdings makes up approx 2.02% of Gw&k Investment Management’s portfolio.

MarketAxess Holdings closed down -0.18 points or -0.11% at $166.71 with 2,10,999 shares getting traded on Friday. Post opening the session at $166.11, the shares hit an intraday low of $166.11 and an intraday high of $167.92 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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