Moodys (MCO) Holder Bridgewater Associates LP Has Decreased Stake by $715,008 as Shares Rose; Avis Budget Group (CAR) Shareholder Teewinot Capital Advisers Cut Holding

May 18, 2018 - By Ellis Scott

Avis Budget Group, Inc. (NASDAQ:CAR) Logo

Michael Moriarty decreased its stake in Avis Budget Group (CAR) by 8.39% based on its latest 2017Q4 regulatory filing with the SEC. Teewinot Capital Advisers Llc sold 23,100 shares as the company’s stock rose 3.94% while stock markets declined. The hedge fund run by Michael Moriarty held 252,150 shares of the consumer services company at the end of 2017Q4, valued at $11.06 million, down from 275,250 at the end of the previous reported quarter. Teewinot Capital Advisers Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.64 billion market cap company. The stock increased 2.12% or $0.93 during the last trading session, reaching $44.75. About 1.57M shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has risen 66.28% since May 18, 2017 and is uptrending. It has outperformed by 54.73% the S&P500.

Ray Dalio decreased its stake in Moodys Corp (MCO) by 63.59% based on its latest 2017Q4 regulatory filing with the SEC. Bridgewater Associates Lp sold 4,864 shares as the company’s stock rose 8.54% while stock markets declined. The hedge fund run by Ray Dalio held 2,785 shares of the consumer services company at the end of 2017Q4, valued at $411,000, down from 7,649 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Moodys Corp for a number of months, seems to be less bullish one the $32.92 billion market cap company. The stock decreased 0.41% or $0.7 during the last trading session, reaching $171.54. About 463,694 shares traded. Moody's Corporation (NYSE:MCO) has risen 43.20% since May 18, 2017 and is uptrending. It has outperformed by 31.65% the S&P500.

Investors sentiment increased to 1.35 in 2017 Q4. Its up 0.34, from 1.01 in 2017Q3. It increased, as 28 investors sold MCO shares while 162 reduced holdings. 84 funds opened positions while 172 raised stakes. 158.40 million shares or 0.16% more from 158.15 million shares in 2017Q3 were reported. Maple Cap Management has invested 0.06% of its portfolio in Moody's Corporation (NYSE:MCO). Illinois-based Drw Secs Limited Com has invested 0.04% in Moody's Corporation (NYSE:MCO). Regentatlantic Limited Liability holds 2,129 shares. First Manhattan reported 0.15% in Moody's Corporation (NYSE:MCO). Investec Asset Mngmt Limited holds 1.95 million shares or 1.19% of its portfolio. Exxonmobil Inv Mngmt Inc Tx holds 0.11% of its portfolio in Moody's Corporation (NYSE:MCO) for 26,436 shares. Rhumbline Advisers has 329,995 shares. Quantum Capital Mngmt Limited Liability Corp Nj invested in 25,990 shares. Ycg Lc, Texas-based fund reported 68,635 shares. Millennium Mngmt Ltd Co accumulated 13,674 shares. Jfs Wealth Advsrs Ltd Co holds 0% of its portfolio in Moody's Corporation (NYSE:MCO) for 18 shares. Assetmark Inc has invested 0% in Moody's Corporation (NYSE:MCO). The North Carolina-based Wedge Cap L Limited Partnership Nc has invested 0.26% in Moody's Corporation (NYSE:MCO). 58,003 are held by Envestnet Asset Mngmt. Hightower Advsr Limited reported 4,916 shares.

More recent Moody's Corporation (NYSE:MCO) news were published by: Streetinsider.com which released: “Buffett’s Berkshire 13F Confirms Increase in Apple (AAPL) Stake Along with Increase in Holdings of Teva (TEVA) (More…)” on May 15, 2018. Also Seekingalpha.com published the news titled: “Moody’s (MCO) CEO Ray McDaniel on Q1 2018 Results – Earnings Call Transcript” on April 28, 2018. Seekingalpha.com‘s news article titled: “Moody’s Corporation 2018 Q1 – Results – Earnings Call Slides” with publication date: April 30, 2018 was also an interesting one.

Bridgewater Associates Lp, which manages about $12.21B US Long portfolio, upped its stake in Ishares Tr (LQD) by 52,310 shares to 2.47 million shares, valued at $300.77 million in 2017Q4, according to the filing. It also increased its holding in Welltower Inc by 75,128 shares in the quarter, for a total of 99,785 shares, and has risen its stake in Southwestern Energy Co (NYSE:SWN).

Analysts await Moody's Corporation (NYSE:MCO) to report earnings on July, 20. They expect $1.87 EPS, up 23.84% or $0.36 from last year’s $1.51 per share. MCO’s profit will be $358.86 million for 22.93 P/E if the $1.87 EPS becomes a reality. After $2.02 actual EPS reported by Moody's Corporation for the previous quarter, Wall Street now forecasts -7.43% negative EPS growth.

Among 14 analysts covering Moody’s (NYSE:MCO), 3 have Buy rating, 0 Sell and 11 Hold. Therefore 21% are positive. Moody’s had 55 analyst reports since October 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Atlantic Securities on Wednesday, October 14. The rating was maintained by UBS with “Neutral” on Friday, August 18. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 23. The stock of Moody's Corporation (NYSE:MCO) earned “Overweight” rating by Barclays Capital on Wednesday, September 21. The firm has “Buy” rating by Nomura given on Thursday, January 11. The stock has “Hold” rating by Barclays Capital on Friday, April 28. The company was maintained on Wednesday, April 18 by BMO Capital Markets. Credit Suisse maintained Moody's Corporation (NYSE:MCO) on Wednesday, August 30 with “Hold” rating. BMO Capital Markets maintained Moody's Corporation (NYSE:MCO) on Friday, February 9 with “Hold” rating. The firm has “Equal Weight” rating by Barclays Capital given on Tuesday, January 10.

Since November 22, 2017, it had 0 insider purchases, and 13 sales for $34.16 million activity. On Tuesday, March 6 MCDANIEL RAYMOND W sold $7.47 million worth of Moody's Corporation (NYSE:MCO) or 45,216 shares. Shares for $155,763 were sold by Crimmins Michael S. Almeida Mark sold 62,500 shares worth $10.11 million. Duffie Darrell sold 500 shares worth $80,480. 5,862 shares valued at $1.02M were sold by Worrall Blair on Thursday, May 10. 4,344 shares were sold by Cantor Richard, worth $727,259.

Teewinot Capital Advisers Llc, which manages about $260.49 million and $237.24M US Long portfolio, upped its stake in Bank Amer Corp (Call) by 4,000 shares to 7,000 shares, valued at $2.74M in 2017Q4, according to the filing.

Investors sentiment increased to 0.7 in Q4 2017. Its up 0.12, from 0.58 in 2017Q3. It increased, as 39 investors sold CAR shares while 78 reduced holdings. 36 funds opened positions while 46 raised stakes. 100.88 million shares or 8.81% less from 110.63 million shares in 2017Q3 were reported. Meyer Handelman Company has invested 0.2% in Avis Budget Group, Inc. (NASDAQ:CAR). Louisiana State Employees Retirement Systems has invested 0.04% in Avis Budget Group, Inc. (NASDAQ:CAR). Bancorp Of Montreal Can stated it has 0.03% in Avis Budget Group, Inc. (NASDAQ:CAR). Commerzbank Aktiengesellschaft Fi holds 0% or 5,406 shares. Bnp Paribas Arbitrage stated it has 38,176 shares. Royal Bancshares Of Canada holds 0% or 47,982 shares. Comerica Bank & Trust invested 0.02% in Avis Budget Group, Inc. (NASDAQ:CAR). Gargoyle Investment Advisor Limited Liability Com holds 0.25% or 14,138 shares in its portfolio. State Treasurer State Of Michigan invested in 0.01% or 25,800 shares. Parametric Portfolio Assocs Ltd Liability Corporation owns 467,709 shares. Trexquant Investment Ltd Partnership holds 0.04% or 8,296 shares in its portfolio. Teachers Retirement Systems Of The State Of Kentucky stated it has 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). California Pub Employees Retirement Systems has 419,701 shares. Pzena Investment Mgmt Limited Co reported 1.66M shares. Jefferies Group Lc holds 1.33% or 6.46 million shares.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on August, 6. They expect $0.57 earnings per share, up 90.00% or $0.27 from last year’s $0.3 per share. CAR’s profit will be $46.31M for 19.63 P/E if the $0.57 EPS becomes a reality. After $-0.74 actual earnings per share reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -177.03% EPS growth.

More important recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Investorplace.com which released: “This Headwind Makes Avis Budget Group Inc. Stock Tricky to Handicap” on April 26, 2018, also Nasdaq.com published article titled: “Avis Budget Group Brings Connected Cars to Europe with Groupe PSA Partnership”, Streetinsider.com published: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018. More interesting news about Avis Budget Group, Inc. (NASDAQ:CAR) was released by: Nasdaq.com and their article: “Avis Opens Car Sales Locations, Offering Previously-Owned Vehicles at Competitive Prices” with publication date: May 09, 2018.

Since December 8, 2017, it had 1 buying transaction, and 3 selling transactions for $141.56 million activity. Another trade for 1,022 shares valued at $45,622 was made by Hardy John D. Jr. on Friday, May 4. $225,600 worth of Avis Budget Group, Inc. (NASDAQ:CAR) was sold by Linnen Edward P on Monday, May 7. SRS Investment Management – LLC bought $141.96 million worth of stock or 3.50M shares.

Among 12 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. Avis Budget had 39 analyst reports since August 5, 2015 according to SRatingsIntel. The company was downgraded on Friday, February 17 by Credit Suisse. Barclays Capital maintained Avis Budget Group, Inc. (NASDAQ:CAR) rating on Thursday, April 26. Barclays Capital has “Equal-Weight” rating and $41 target. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) has “Buy” rating given on Monday, December 14 by M Partners. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) has “Equal Weight” rating given on Monday, November 16 by Barclays Capital. The rating was maintained by Deutsche Bank on Friday, May 4 with “Buy”. Morgan Stanley maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Friday, September 15 with “Underweight” rating. Barclays Capital maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Wednesday, August 10 with “Equal-Weight” rating. The rating was downgraded by Goldman Sachs on Wednesday, February 14 to “Sell”. The company was maintained on Wednesday, November 1 by Barclays Capital. The firm has “Hold” rating given on Thursday, September 14 by Credit Suisse.

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