Kepos Capital LP boosted its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 153.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,816 shares of the business services provider’s stock after acquiring an additional 5,331 shares during the quarter. Kepos Capital LP’s holdings in Morningstar were worth $1,110,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Verition Fund Management LLC boosted its holdings in shares of Morningstar by 13.7% in the 2nd quarter. Verition Fund Management LLC now owns 3,911 shares of the business services provider’s stock worth $502,000 after acquiring an additional 471 shares in the last quarter. Stone Ridge Asset Management LLC increased its stake in Morningstar by 4.8% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 10,457 shares of the business services provider’s stock valued at $1,317,000 after purchasing an additional 476 shares in the last quarter. Yorktown Management & Research Co Inc increased its stake in Morningstar by 9.7% during the 3rd quarter. Yorktown Management & Research Co Inc now owns 5,487 shares of the business services provider’s stock valued at $691,000 after purchasing an additional 486 shares in the last quarter. Stevens Capital Management LP increased its stake in Morningstar by 21.0% during the 3rd quarter. Stevens Capital Management LP now owns 3,024 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 525 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Morningstar by 18.0% during the 1st quarter. Principal Financial Group Inc. now owns 3,697 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 564 shares in the last quarter. Institutional investors own 40.52% of the company’s stock.
NASDAQ:MORN opened at $119.09 on Tuesday. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 31.67 and a beta of 0.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.82 and a quick ratio of 1.82. Morningstar, Inc. has a fifty-two week low of $90.00 and a fifty-two week high of $144.34.
Morningstar (NASDAQ:MORN) last released its quarterly earnings data on Wednesday, October 24th. The business services provider reported $1.13 earnings per share for the quarter. The business had revenue of $261.30 million during the quarter. Morningstar had a net margin of 17.94% and a return on equity of 18.50%.
Separately, BidaskClub lowered shares of Morningstar from a “hold” rating to a “sell” rating in a research note on Friday, September 21st.
In other news, Director William M. Lyons sold 625 shares of the firm’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $137.84, for a total transaction of $86,150.00. Following the sale, the director now owns 16,127 shares of the company’s stock, valued at approximately $2,222,945.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gail S. Landis sold 2,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $129.75, for a total transaction of $259,500.00. Following the sale, the director now directly owns 4,686 shares in the company, valued at approximately $608,008.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 296,461 shares of company stock worth $37,423,835. Insiders own 57.50% of the company’s stock.
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Morningstar, Inc provides independent investment research services in North America, Europe, Australia, and Asia. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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