Triple Frond Partners buys $92,955,740 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Triple Frond Partners scooped up 54,000 additional shares in Moody's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 929,000 shares of Moody's Corporation which is valued at $92,955,740.Moody's Corporation makes up approximately 13.84% of Triple Frond Partners’s portfolio.

Other Hedge Funds, Including , Clark Capital Management Group sold out all of its stake in MCO during the most recent quarter. The investment firm sold 2,565 shares of MCO which is valued $256,654.Advisor Group reduced its stake in MCO by selling 5,128 shares or 78.82% in the most recent quarter. The Hedge Fund company now holds 1,378 shares of MCO which is valued at $138,723.

Moody's Corporation closed down -0.64 points or -0.63% at $100.56 with 10,29,271 shares getting traded on Monday. Post opening the session at $100.97, the shares hit an intraday low of $99.75 and an intraday high of $101.465 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Moody's Corporation reported $1.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Oct 21, 2016. Analyst had a consensus of $1.20. The company had revenue of $917.10 million for the quarter, compared to analysts expectations of $895.14 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.11 EPS.

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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