East Coast Asset Management. buys $6,705,870 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : East Coast Asset Management. scooped up 11,476 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 9, 2016. The investment management firm now holds a total of 64,171 shares of Moody's Corporation which is valued at $6,705,870.Moody's Corporation makes up approximately 3.51% of East Coast Asset Management.’s portfolio.

Other Hedge Funds, Including , Kayne Anderson Rudnick Investment Management added MCO to its portfolio by purchasing 16,200 company shares during the most recent quarter which is valued at $1,692,900. Moody's Corporation makes up approx 0.02% of Kayne Anderson Rudnick Investment Management’s portfolio.Aberdeen Asset Management Plcuk boosted its stake in MCO in the latest quarter, The investment management firm added 26,329 additional shares and now holds a total of 343,000 shares of Moody's Corporation which is valued at $35,874,370. Moody's Corporation makes up approx 0.13% of Aberdeen Asset Management Plcuk’s portfolio.Herndon Capital Management reduced its stake in MCO by selling 342,894 shares or 33.63% in the most recent quarter. The Hedge Fund company now holds 676,650 shares of MCO which is valued at $71,731,667. Moody's Corporation makes up approx 2.62% of Herndon Capital Management’s portfolio.

Moody's Corporation opened for trading at $104.12 and hit $104.36 on the upside on Wednesday, eventually ending the session at $104.15, with a gain of 0.04% or 0.04 points. The heightened volatility saw the trading volume jump to 5,20,778 shares. Company has a market cap of $20,028 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Moody's Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Moody's Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.