Penbrook Management LLC Sells 150 Shares of Moody’s Co. (NYSE:MCO)

Penbrook Management LLC trimmed its stake in shares of Moody’s Co. (NYSE:MCO) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,950 shares of the business services provider’s stock after selling 150 shares during the quarter. Moody’s comprises 3.1% of Penbrook Management LLC’s portfolio, making the stock its 4th largest position. Penbrook Management LLC’s holdings in Moody’s were worth $2,857,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its position in Moody’s by 15.7% in the 1st quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock valued at $829,991,000 after acquiring an additional 620,741 shares during the period. Morgan Stanley increased its position in Moody’s by 14.9% in the 2nd quarter. Morgan Stanley now owns 2,115,215 shares of the business services provider’s stock valued at $413,121,000 after acquiring an additional 274,515 shares during the period. Investec Asset Management LTD increased its position in Moody’s by 1.1% in the 2nd quarter. Investec Asset Management LTD now owns 2,044,170 shares of the business services provider’s stock valued at $399,247,000 after acquiring an additional 21,396 shares during the period. Northern Trust Corp increased its position in Moody’s by 6.7% in the 2nd quarter. Northern Trust Corp now owns 1,936,572 shares of the business services provider’s stock valued at $378,232,000 after acquiring an additional 121,443 shares during the period. Finally, Windacre Partnership LLC increased its position in Moody’s by 10.1% in the 2nd quarter. Windacre Partnership LLC now owns 1,642,000 shares of the business services provider’s stock valued at $320,699,000 after acquiring an additional 150,800 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

MCO has been the topic of several research analyst reports. UBS Group upgraded Moody’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $215.00 to $245.00 in a research report on Monday, October 7th. Stifel Nicolaus lifted their price target on Moody’s from $214.00 to $228.00 and gave the company a “hold” rating in a research report on Thursday, August 1st. Barclays reiterated a “buy” rating on shares of Moody’s in a research report on Sunday, August 4th. Morgan Stanley lifted their price target on Moody’s from $173.00 to $176.00 and gave the company an “underweight” rating in a research report on Monday, October 7th. Finally, Argus lifted their price target on Moody’s to $240.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $204.09.

MCO opened at $214.10 on Friday. The firm has a market cap of $40.51 billion, a PE ratio of 28.97, a P/E/G ratio of 2.60 and a beta of 1.24. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 10.04. The business has a fifty day simple moving average of $211.86 and a 200-day simple moving average of $199.27. Moody’s Co. has a fifty-two week low of $129.26 and a fifty-two week high of $222.85.

Moody’s (NYSE:MCO) last released its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.07 earnings per share for the quarter, topping the consensus estimate of $1.98 by $0.09. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. Moody’s had a return on equity of 266.42% and a net margin of 27.66%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.04 EPS. On average, equities research analysts anticipate that Moody’s Co. will post 8.05 EPS for the current fiscal year.

In other news, insider Robert Fauber sold 3,721 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $212.71, for a total value of $791,493.91. Following the completion of the sale, the insider now owns 48,382 shares of the company’s stock, valued at $10,291,335.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Almeida sold 27,236 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $207.06, for a total value of $5,639,486.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,457 shares of company stock valued at $8,027,655. Corporate insiders own 0.90% of the company’s stock.

Moody’s Company Profile

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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Institutional Ownership by Quarter for Moody`s (NYSE:MCO)

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