Catalyst Capital Advisors LLC decreased its position in Moody’s Co. (NYSE:MCO) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,300 shares of the business services provider’s stock after selling 2,700 shares during the period. Catalyst Capital Advisors LLC’s holdings in Moody’s were worth $8,381,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in MCO. Venturi Wealth Management LLC purchased a new stake in shares of Moody’s in the third quarter valued at approximately $25,000. Penserra Capital Management LLC bought a new position in Moody’s in the third quarter worth approximately $26,000. Evoke Wealth LLC bought a new position in Moody’s in the third quarter worth approximately $26,000. Prime Capital Investment Advisors LLC bought a new position in Moody’s in the third quarter worth approximately $42,000. Finally, Resources Management Corp CT ADV bought a new position in Moody’s in the third quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.50% of the company’s stock.
A number of equities analysts recently commented on the stock. Stifel Nicolaus reissued a “hold” rating and issued a $228.00 price objective on shares of Moody’s in a research note on Thursday, January 2nd. BMO Capital Markets raised shares of Moody’s from a “market perform” rating to a “buy” rating and set a $281.00 price objective for the company in a research note on Monday, January 27th. Morgan Stanley raised shares of Moody’s from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $181.00 to $224.00 in a research note on Tuesday, January 7th. Barclays reissued a “buy” rating and issued a $260.00 price objective on shares of Moody’s in a research note on Wednesday, December 18th. Finally, William Blair reissued an “outperform” rating on shares of Moody’s in a research note on Thursday, October 31st. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $231.82.
Shares of MCO stock opened at $273.41 on Thursday. The business’s fifty day simple moving average is $253.17 and its 200-day simple moving average is $226.43. The company has a market cap of $50.68 billion, a PE ratio of 40.03, a PEG ratio of 2.97 and a beta of 1.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 7.50. Moody’s Co. has a 12-month low of $162.57 and a 12-month high of $276.99.
Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, February 12th. The business services provider reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.08. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.21 billion. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The business’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 earnings per share. On average, equities analysts forecast that Moody’s Co. will post 8.2 earnings per share for the current year.
In other news, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $266.95, for a total transaction of $993,320.95. Following the transaction, the insider now directly owns 49,591 shares of the company’s stock, valued at $13,238,317.45. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John J. Goggins sold 8,508 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $237.08, for a total value of $2,017,076.64. Following the transaction, the executive vice president now directly owns 61,934 shares in the company, valued at $14,683,312.72. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,902 shares of company stock worth $5,004,457. Insiders own 0.90% of the company’s stock.
Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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