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Gabelli Funds boosts Moody's holdings, company reports strong earnings despite slight revenue miss.
Gabelli Funds LLC increased its holdings in Moody's Corporation by 12.5%, acquiring 5,701 shares to total 51,140 shares, valued at $24.2 million.
Moody's reported a strong fourth quarter with EPS of $2.62, beating estimates by $0.35, though revenue slightly missed expectations at $1.67 billion.
Moody's, an integrated risk assessment firm, has a "Hold" rating and a consensus price target of $524.86.
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Gabelli Funds aumenta las participaciones de Moody's, la compañía reporta fuertes ganancias a pesar de una ligera pérdida de ingresos.