Moody's Co. (MCO) Holdings Reduced by Boothbay Fund Management LLC

Boothbay Fund Management LLC reduced its holdings in Moody's Co. (NYSE:MCO) by 73.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,890 shares of the business services provider’s stock after selling 10,999 shares during the period. Boothbay Fund Management LLC’s holdings in Moody's were worth $542,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust increased its position in Moody's by 156.7% in the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after buying an additional 550 shares during the period. IFP Advisors Inc increased its position in Moody's by 78.1% in the 2nd quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after buying an additional 502 shares during the period. Sun Life Financial INC increased its position in Moody's by 12,200.0% in the 2nd quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after buying an additional 1,220 shares during the period. Salem Investment Counselors Inc. increased its position in Moody's by 0.6% in the 2nd quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares during the period. Finally, Invictus RG bought a new position in Moody's in the 3rd quarter worth approximately $199,000. 87.49% of the stock is currently owned by institutional investors.

Moody's Co. (NYSE:MCO) traded up $0.66 on Friday, hitting $152.39. The stock had a trading volume of 513,388 shares, compared to its average volume of 679,108. The company has a market capitalization of $29,121.73, a PE ratio of 26.60, a PEG ratio of 2.70 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's Co. has a 1-year low of $93.51 and a 1-year high of $153.86.

Moody's (NYSE:MCO) last released its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.15. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. Moody's’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 earnings per share. analysts anticipate that Moody's Co. will post 5.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 21st will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, November 20th. Moody's’s dividend payout ratio is 54.29%.

MCO has been the topic of several recent analyst reports. Credit Suisse Group reaffirmed a “neutral” rating and issued a $137.00 price target (up from $131.00) on shares of Moody's in a research report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets restated a “market perform” rating and set a $136.00 price objective (up from $135.00) on shares of Moody's in a research report on Wednesday, September 6th. Barclays boosted their price objective on Moody's from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley restated an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Moody's in a research report on Friday, October 6th. Finally, UBS boosted their price objective on Moody's from $142.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Moody's has a consensus rating of “Buy” and an average price target of $151.89.

In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the sale, the director now owns 21,804 shares of the company’s stock, valued at approximately $3,017,891.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. 1.17% of the stock is owned by insiders.

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About Moody's

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 research and analytical services to financial institution customers.

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

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