Edmond De Rothschild (europe) Lowers stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Edmond De Rothschild (europe) reduced its stake in Moody's Corporation by 5.7% during the most recent quarter end. The investment management company now holds a total of 8,593 shares of Moody's Corporation which is valued at $889,032 after selling 519 shares in Moody's Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Moody's Corporation makes up approximately 0.43% of Edmond De Rothschild (europe)’s portfolio.

Other Hedge Funds, Including , Banque Pictet Cie Sa reduced its stake in MCO by selling 6,596 shares or 14.17% in the most recent quarter. The Hedge Fund company now holds 39,956 shares of MCO which is valued at $4,133,848. Moody's Corporation makes up approx 0.11% of Banque Pictet Cie Sa’s portfolio. Fny Managed Accounts added MCO to its portfolio by purchasing 2,023 company shares during the most recent quarter which is valued at $212,658. Moody's Corporation makes up approx 0.21% of Fny Managed Accounts’s portfolio. Seminole Management sold out all of its stake in MCO during the most recent quarter. The investment firm sold 113,700 shares of MCO which is valued $11,952,144.

Moody's Corporation opened for trading at $103.69 and hit $104.81 on the upside on Friday, eventually ending the session at $104.58, with a gain of 0.34% or 0.35 points. The heightened volatility saw the trading volume jump to 4,90,496 shares. Company has a market cap of $20,111 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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