Echinus Advisors Lowers stake in Msci Inc (MSCI)

Msci Inc (MSCI) : Echinus Advisors reduced its stake in Msci Inc by 10.81% during the most recent quarter end. The investment management company now holds a total of 347,803 shares of Msci Inc which is valued at $30,011,921 after selling 42,142 shares in Msci Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Msci Inc makes up approximately 9.08% of Echinus Advisors’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp sold out all of its stake in MSCI during the most recent quarter. The investment firm sold 111,361 shares of MSCI which is valued $9,609,341.Jackson Square Partners reduced its stake in MSCI by selling 362,788 shares or 20.96% in the most recent quarter. The Hedge Fund company now holds 1,367,881 shares of MSCI which is valued at $118,034,451. Msci Inc makes up approx 0.52% of Jackson Square Partners’s portfolio.Jupiter Asset Management Ltd reduced its stake in MSCI by selling 12,700 shares or 4.32% in the most recent quarter. The Hedge Fund company now holds 281,300 shares of MSCI which is valued at $24,273,377. Msci Inc makes up approx 0.98% of Jupiter Asset Management Ltd’s portfolio. Nippon Life Insurance Co added MSCI to its portfolio by purchasing 16,360 company shares during the most recent quarter which is valued at $1,390,273. Msci Inc makes up approx 0.03% of Nippon Life Insurance Co’s portfolio.Retirement Systems Of Alabama reduced its stake in MSCI by selling 2,608 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 112,034 shares of MSCI which is valued at $9,354,839. Msci Inc makes up approx 0.05% of Retirement Systems Of Alabama’s portfolio.

Msci Inc closed down -0.85 points or -0.94% at $89.27 with 8,63,727 shares getting traded on Thursday. Post opening the session at $90.31, the shares hit an intraday low of $88.97 and an intraday high of $90.79 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Msci Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.72. The company had revenue of $290.60 million for the quarter, compared to analysts expectations of $286.45 million. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on Msci Inc. Credit Suisse Initiated Msci Inc on Jul 12, 2016 to “Outperform”, Price Target of the shares are set at $88.

MSCI Inc. together with its wholly owned subsidiaries is a provider of investment decision support tools including indexes portfolio risk and performance analytics and multi-asset class market risk analytics products and services. The Company’s products include global equity indexes and environmental social and governance (ESG) products marketed under the MSCI and MSCI ESG Research brands its private real estate benchmarks marketed under the IPD brand its portfolio risk and performance analytics covering global equity markets marketed under the Barra brand its multi-asset class market and credit risk analytics marketed under the RiskMetrics and Barra brands and its performance reporting products and services offered to the investment consultant community marketed under the InvestorForce brand.

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