Lecap Asset Management Ltd. Sells 980 Shares of Moody’s Co. (NYSE:MCO)

Lecap Asset Management Ltd. cut its holdings in Moody’s Co. (NYSE:MCO) by 25.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,847 shares of the business services provider’s stock after selling 980 shares during the period. Lecap Asset Management Ltd.’s holdings in Moody’s were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCO. Planning Capital Management Corp increased its holdings in Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Moody’s by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 49 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of Moody’s in the 3rd quarter valued at $36,000. Asset Dedication LLC lifted its position in shares of Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 39 shares during the period. Finally, Albion Financial Group UT bought a new position in Moody’s during the fourth quarter worth $45,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MCO has been the subject of several research analyst reports. BMO Capital Markets lifted their price target on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. UBS Group boosted their target price on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird increased their price target on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Oppenheimer boosted their price objective on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, Stifel Nicolaus upped their target price on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. One 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 price target of $507.36.

Moody’s Stock Up 0.1 %

Moody’s stock opened at $503.51 on Friday. 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 $91.24 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $506.27. The firm’s 50-day simple moving average is $482.92 and its 200 day simple moving average is $475.85.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $494.42, for a total value of $138,932.02. Following the completion of the transaction, the chief executive officer now owns 61,894 shares in the company, valued at $30,601,631.48. This represents a 0.45 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,124 shares of company stock valued at $540,051 over the last three months. Corporate insiders own 0.07% of the company’s stock.

About Moody’s

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.