East Coast Asset Management. buys $4.9 Million stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : East Coast Asset Management. scooped up 4,961 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 11, 2016. The investment management firm now holds a total of 52,695 shares of Moody's Corporation which is valued at $4.9 Million.Moody's Corporation makes up approximately 2.63% of East Coast Asset Management.’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in MCO by selling 20 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 376 shares of MCO which is valued at $35,276.Winslow Capital Management boosted its stake in MCO in the latest quarter, The investment management firm added 1,381,250 additional shares and now holds a total of 2,709,186 shares of Moody's Corporation which is valued at $254.2 Million. Moody's Corporation makes up approx 1.00% of Winslow Capital Management’s portfolio.Blackrock Japan Ltd boosted its stake in MCO in the latest quarter, The investment management firm added 29,745 additional shares and now holds a total of 263,224 shares of Moody's Corporation which is valued at $24.7 Million. Moody's Corporation makes up approx 0.09% of Blackrock Japan Ltd’s portfolio.Nordea Investment Management Ab boosted its stake in MCO in the latest quarter, The investment management firm added 680 additional shares and now holds a total of 113,885 shares of Moody's Corporation which is valued at $10.9 Million. Moody's Corporation makes up approx 0.03% of Nordea Investment Management Ab’s portfolio.

Moody's Corporation opened for trading at $94 and hit $95.25 on the upside on Monday, eventually ending the session at $94.77, with a gain of 1.01% or 0.95 points. The heightened volatility saw the trading volume jump to 7,95,822 shares. Company has a market cap of $18,414 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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