Moodys (MCO) Shareholder Akre Capital Management Has Cut Its Stake; Overbrook Management Position in Macquarie Infrastructure Cor (MIC) Lowered as Share Price Declined

February 15, 2018 - By Migdalia James

Charles Akre decreased its stake in Moodys Corp (MCO) by 0.27% based on its latest 2017Q3 regulatory filing with the SEC. Akre Capital Management Llc sold 15,390 shares as the company’s stock rose 1.64% with the market. The hedge fund run by Charles Akre held 5.68M shares of the consumer services company at the end of 2017Q3, valued at $791.31M, down from 5.70M at the end of the previous reported quarter. Akre Capital Management Llc who had been investing in Moodys Corp for a number of months, seems to be less bullish one the $31.41 billion market cap company. The stock increased 0.51% or $0.83 during the last trading session, reaching $164.38. About 305,709 shares traded. Moody's Corporation (NYSE:MCO) has risen 23.29% since February 15, 2017 and is uptrending. It has outperformed by 6.59% the S&P500.

Overbrook Management Corp decreased its stake in Macquarie Infrastructure Cor (MIC) by 51.74% based on its latest 2017Q3 regulatory filing with the SEC. Overbrook Management Corp sold 309,453 shares as the company’s stock declined 1.43% while stock markets rallied. The hedge fund held 288,695 shares of the oil refining and marketing company at the end of 2017Q3, valued at $20.84 million, down from 598,148 at the end of the previous reported quarter. Overbrook Management Corp who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be less bullish one the $5.53B market cap company. The stock increased 2.06% or $1.32 during the last trading session, reaching $65.37. About 279,484 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has risen 11.18% since February 15, 2017 and is uptrending. It has underperformed by 5.52% the S&P500.




Among 14 analysts covering Moody’s (NYSE:MCO), 3 have Buy rating, 0 Sell and 11 Hold. Therefore 21% are positive. Moody’s had 50 analyst reports since October 5, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Monday, February 8. Barclays Capital maintained the shares of MCO in report on Friday, April 28 with “Hold” rating. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, October 6. BMO Capital Markets maintained it with “Market Perform” rating and $161 target in Monday, February 12 report. The rating was upgraded by Barclays Capital to “Overweight” on Friday, November 17. The firm earned “Neutral” rating on Monday, February 12 by Cantor Fitzgerald. FBR Capital downgraded Moody's Corporation (NYSE:MCO) rating on Monday, November 2. FBR Capital has “Mkt Perform” rating and $100 target. Piper Jaffray maintained the stock with “Overweight” rating in Monday, November 2 report. BMO Capital Markets maintained Moody's Corporation (NYSE:MCO) on Friday, July 21 with “Hold” rating. The rating was downgraded by Morgan Stanley on Tuesday, February 21 to “Equal-Weight”.

Since September 7, 2017, it had 0 buys, and 4 selling transactions for $16.24 million activity. On Friday, September 29 Duffie Darrell sold $69,205 worth of Moody's Corporation (NYSE:MCO) or 500 shares. Shares for $10.11 million were sold by Almeida Mark. Another trade for 5 shares valued at $808 was made by Fauber Robert on Wednesday, January 31.

Analysts await Moody's Corporation (NYSE:MCO) to report earnings on February, 16. They expect $1.40 earnings per share, up 13.82% or $0.17 from last year’s $1.23 per share. MCO’s profit will be $267.54 million for 29.35 P/E if the $1.40 EPS becomes a reality. After $1.52 actual earnings per share reported by Moody's Corporation for the previous quarter, Wall Street now forecasts -7.89% negative EPS growth.

Akre Capital Management Llc, which manages about $3.20 billion and $6.84 billion US Long portfolio, upped its stake in O Reilly Automotive Inc New (NASDAQ:ORLY) by 700,600 shares to 1.89 million shares, valued at $407.83 million in 2017Q3, according to the filing.

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.03, from 0.98 in 2017Q2. It increased, as 18 investors sold MCO shares while 182 reduced holdings. 65 funds opened positions while 137 raised stakes. 158.15 million shares or 1.61% less from 160.75 million shares in 2017Q2 were reported. Laffer stated it has 0.63% of its portfolio in Moody's Corporation (NYSE:MCO). Davis Selected Advisers invested in 202,766 shares or 0.12% of the stock. Bnp Paribas Arbitrage holds 0.06% of its portfolio in Moody's Corporation (NYSE:MCO) for 178,529 shares. M&T National Bank holds 0.02% or 30,368 shares. Tradewinds Capital Management Ltd Llc holds 0.01% or 75 shares. Visionary Asset Management reported 0.07% in Moody's Corporation (NYSE:MCO). Vanguard Group Inc accumulated 16.34M shares. Veritas Investment (Uk) invested in 42,040 shares or 2.06% of the stock. Glob X Mngmt Ltd Com accumulated 4,410 shares. 92,253 were accumulated by Ngam Advisors Lp. 233,412 are owned by Prudential Fincl. Barclays Public Ltd Company has 0.01% invested in Moody's Corporation (NYSE:MCO) for 87,643 shares. Guardian invested 0.67% of its portfolio in Moody's Corporation (NYSE:MCO). Webster Bank & Trust N A holds 1,200 shares or 0.02% of its portfolio. Bokf Na holds 0.06% in Moody's Corporation (NYSE:MCO) or 15,475 shares.

Among 7 analysts covering MacQuarie Infrastructure (NYSE:MIC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. MacQuarie Infrastructure had 19 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Thursday, March 24 by JP Morgan. The rating was maintained by SunTrust on Thursday, November 2 with “Buy”. The rating was downgraded by Barclays Capital on Tuesday, July 18 to “Equal-Weight”. The company was maintained on Wednesday, August 5 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, August 20. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, November 2. The firm has “Buy” rating by RBC Capital Markets given on Monday, September 25. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, October 29. As per Monday, November 6, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $103 target in Wednesday, November 4 report.

Investors sentiment decreased to 1.46 in 2017 Q3. Its down 0.07, from 1.53 in 2017Q2. It worsened, as 30 investors sold MIC shares while 91 reduced holdings. 52 funds opened positions while 125 raised stakes. 63.11 million shares or 4.68% less from 66.21 million shares in 2017Q2 were reported. Macquarie reported 108,600 shares. Verition Fund Mgmt Limited Co reported 2,872 shares. Pnc Finance Services Gru stated it has 0% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC). Denali Advisors Ltd Co reported 14,800 shares. Moody Savings Bank Trust Division reported 8,190 shares stake. 53,900 were reported by Kbc Group Nv. Dubuque Bancorporation Communications invested in 0% or 87 shares. Hightower Limited Liability Corporation holds 0.03% of its portfolio in Macquarie Infrastructure Corporation (NYSE:MIC) for 47,071 shares. Pub Employees Retirement Systems Of Ohio has invested 0.01% in Macquarie Infrastructure Corporation (NYSE:MIC). Telemus Limited Liability Corporation invested in 0.03% or 3,000 shares. Palisade Cap Management Limited Liability Co Nj reported 3,500 shares. 389,461 were reported by Mitsubishi Ufj Tru & Corp. Moreover, Citigroup Inc has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Jefferies Gru Inc Ltd holds 0% or 3,856 shares. Citadel Advsr has 742,391 shares.

Analysts await Macquarie Infrastructure Corporation (NYSE:MIC) to report earnings on February, 20. They expect $0.61 earnings per share, down 31.46% or $0.28 from last year’s $0.89 per share. MIC’s profit will be $51.58M for 26.79 P/E if the $0.61 EPS becomes a reality. After $0.48 actual earnings per share reported by Macquarie Infrastructure Corporation for the previous quarter, Wall Street now forecasts 27.08% EPS growth.

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