Atticus Wealth Management LLC Cuts Position in Moody’s Co. (NYSE:MCO)

Atticus Wealth Management LLC lowered its holdings in Moody’s Co. (NYSE:MCO) by 34.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 75 shares of the business services provider’s stock after selling 40 shares during the quarter. Atticus Wealth Management LLC’s holdings in Moody’s were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in MCO. Dark Forest Capital Management LP acquired a new stake in shares of Moody’s during the 2nd quarter valued at approximately $386,000. Susquehanna Fundamental Investments LLC increased its holdings in Moody’s by 11.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 16,210 shares of the business services provider’s stock valued at $6,823,000 after acquiring an additional 1,708 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in shares of Moody’s by 11.3% in the second quarter. SkyView Investment Advisors LLC now owns 6,094 shares of the business services provider’s stock valued at $2,565,000 after purchasing an additional 617 shares in the last quarter. Ascent Group LLC grew its holdings in Moody’s by 7.5% during the 2nd quarter. Ascent Group LLC now owns 547 shares of the business services provider’s stock valued at $230,000 after buying an additional 38 shares during the last quarter. Finally, Creative Planning increased its position in Moody’s by 9.4% during the 2nd quarter. Creative Planning now owns 20,800 shares of the business services provider’s stock worth $8,755,000 after purchasing an additional 1,779 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MCO shares. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Oppenheimer lifted their target price on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Citigroup initiated coverage on shares of Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective on the stock. BMO Capital Markets boosted their target price on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Finally, Morgan Stanley increased their price target on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Moody’s presently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Trading Up 0.6 %

NYSE:MCO opened at $489.21 on Monday. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95. The business’s 50-day simple moving average is $481.00 and its 200 day simple moving average is $472.93. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $88.65 billion, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total value of $133,087.22. Following the sale, the chief executive officer now owns 61,894 shares in the company, valued at approximately $29,314,236.28. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 843 shares of company stock valued at $401,119 in the last three months. Corporate insiders own 0.07% of the company’s stock.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.