Schwerin Boyle Capital Management Inc Lowers stake in CEB (CEB)

CEB (CEB) : Schwerin Boyle Capital Management Inc reduced its stake in CEB by 0.12% during the most recent quarter end. The investment management company now holds a total of 287,845 shares of CEB which is valued at $15,975,398 after selling 350 shares in CEB , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.CEB makes up approximately 2.08% of Schwerin Boyle Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Menta Capital reduced its stake in CEB by selling 6,389 shares or 25.86% in the most recent quarter. The Hedge Fund company now holds 18,315 shares of CEB which is valued at $1,016,483. CEB makes up approx 0.10% of Menta Capital’s portfolio.Blackrock Fund Advisors boosted its stake in CEB in the latest quarter, The investment management firm added 95,055 additional shares and now holds a total of 1,729,798 shares of CEB which is valued at $85,019,572. CEB makes up approx 0.02% of Blackrock Fund Advisors’s portfolio.Ubs Asset Management Americas Inc boosted its stake in CEB in the latest quarter, The investment management firm added 380 additional shares and now holds a total of 20,399 shares of CEB which is valued at $978,132. River Road Asset Management added CEB to its portfolio by purchasing 16,071 company shares during the most recent quarter which is valued at $775,426. CEB makes up approx 0.02% of River Road Asset Management’s portfolio.1st Global Advisors boosted its stake in CEB in the latest quarter, The investment management firm added 721 additional shares and now holds a total of 4,129 shares of CEB which is valued at $223,792. CEB makes up approx 0.03% of 1st Global Advisors’s portfolio.

CEB opened for trading at $54.75 and hit $55.175 on the upside on Monday, eventually ending the session at $55, with a gain of 0.92% or 0.5 points. The heightened volatility saw the trading volume jump to 1,51,951 shares. Company has a market cap of $1,773 M.

On the company’s financial health, CEB reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Oct 25, 2016. Analyst had a consensus of $0.88. The company had revenue of $229.84 million for the quarter, compared to analysts expectations of $232.75 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS.

Many Wall Street Analysts have commented on CEB. Shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Outperform” and Lowered the Price Target to $ 68 from a previous price target of $71 .

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