Akre Capital Management buys $418,056,719 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Akre Capital Management scooped up 23,408 additional shares in Moody's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 4,040,757 shares of Moody's Corporation which is valued at $418,056,719.Moody's Corporation makes up approximately 7.89% of Akre Capital Management’s portfolio.

Other Hedge Funds, Including , Vantage Investment Advisors sold out all of its stake in MCO during the most recent quarter. The investment firm sold 8 shares of MCO which is valued $828.Evercore Trust Company N.a. reduced its stake in MCO by selling 2,614 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 473,544 shares of MCO which is valued at $48,992,862. Moody's Corporation makes up approx 0.15% of Evercore Trust Company N.a.’s portfolio. George Kaiser Family Foundation added MCO to its portfolio by purchasing 11,543 company shares during the most recent quarter which is valued at $1,212,592. Moody's Corporation makes up approx 0.28% of George Kaiser Family Foundation’s portfolio.Advisory Services Network reduced its stake in MCO by selling 223 shares or 14.1% in the most recent quarter. The Hedge Fund company now holds 1,358 shares of MCO which is valued at $142,753. Moody's Corporation makes up approx 0.03% of Advisory Services Network’s portfolio.

Moody's Corporation opened for trading at $106.36 and hit $107.43 on the upside on Monday, eventually ending the session at $107.16, with a gain of 0.88% or 0.94 points. The heightened volatility saw the trading volume jump to 5,12,061 shares. Company has a market cap of $20,607 M.

On the company’s financial health, Moody's Corporation reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.26. The company had revenue of $928.90 million for the quarter, compared to analysts expectations of $906.13 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Many Wall Street Analysts have commented on Moody's Corporation. Moody's Corporation was Initiated by Credit Suisse to “Neutral” on Jul 12, 2016.

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit capital markets and economic related research data and analytical tools; software solutions and related risk management services; quantitative credit risk measures financial services training and certification services and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world including various corporate and Governmental obligations structured finance securities and commercial paper programs. The Company’s MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.

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