Akre Capital Management buys $376.9 Million stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Akre Capital Management scooped up 357,910 additional shares in Moody's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 4,017,349 shares of Moody's Corporation which is valued at $376.9 Million.Moody's Corporation makes up approximately 7.98% of Akre Capital Management’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. reduced its stake in MCO by selling 1,055 shares or 43.13% in the most recent quarter. The Hedge Fund company now holds 1,391 shares of MCO which is valued at $130,504. Moody's Corporation makes up approx 0.04% of Mizuho Asset Managementltd.’s portfolio.Quantum Capital Management Nj boosted its stake in MCO in the latest quarter, The investment management firm added 513 additional shares and now holds a total of 24,537 shares of Moody's Corporation which is valued at $2.3 Million. Moody's Corporation makes up approx 0.68% of Quantum Capital Management Nj’s portfolio. Seminole Management added MCO to its portfolio by purchasing 113,700 company shares during the most recent quarter which is valued at $10.7 Million. Moody's Corporation makes up approx 0.88% of Seminole Management’s portfolio. Los Angeles Capital Management Equity Research Inc sold out all of its stake in MCO during the most recent quarter. The investment firm sold 32,304 shares of MCO which is valued $3.1 Million.Jensen Investment Management Inc boosted its stake in MCO in the latest quarter, The investment management firm added 610 additional shares and now holds a total of 4,510 shares of Moody's Corporation which is valued at $426,015. Moody's Corporation makes up approx 0.01% of Jensen Investment Management Inc’s portfolio.

Moody's Corporation opened for trading at $98.02 and hit $98.61 on the upside on Wednesday, eventually ending the session at $98.12, with a gain of 0.33% or 0.32 points. The heightened volatility saw the trading volume jump to 8,85,698 shares. Company has a market cap of $19,065 M.

On the company’s financial health, Moody's Corporation reported $0.93 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Apr 29, 2016. Analyst had a consensus of $1.07. The company had revenue of $816.10 million for the quarter, compared to analysts expectations of $855.29 million. The company’s revenue was down -4.7 % 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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