Morningstar, Inc. (NASDAQ:MORN) major shareholder Joseph D. Mansueto sold 15,038 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $160.24, for a total transaction of $2,409,689.12. Following the sale, the insider now owns 21,481,594 shares of the company’s stock, valued at $3,442,210,622.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Joseph D. Mansueto also recently made the following trade(s):
- On Thursday, August 1st, Joseph D. Mansueto sold 8,435 shares of Morningstar stock. The stock was sold at an average price of $151.78, for a total transaction of $1,280,264.30.
- On Friday, August 2nd, Joseph D. Mansueto sold 17,568 shares of Morningstar stock. The stock was sold at an average price of $151.36, for a total transaction of $2,659,092.48.
Morningstar stock traded down $2.68 during trading on Wednesday, reaching $155.23. The company had a trading volume of 3,557 shares, compared to its average volume of 80,251. The firm has a market capitalization of $6.85 billion, a price-to-earnings ratio of 41.38 and a beta of 0.81. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $155.80 and its 200 day simple moving average is $141.01. Morningstar, Inc. has a 52 week low of $99.67 and a 52 week high of $162.53.
Separately, BidaskClub downgraded shares of Morningstar from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.
Hedge funds have recently bought and sold shares of the company. Marshall Wace LLP increased its holdings in Morningstar by 419.5% in the 1st quarter. Marshall Wace LLP now owns 45,544 shares of the business services provider’s stock worth $5,738,000 after acquiring an additional 36,777 shares in the last quarter. FMR LLC boosted its stake in shares of Morningstar by 26.5% in the first quarter. FMR LLC now owns 1,554,353 shares of the business services provider’s stock worth $195,833,000 after acquiring an additional 325,848 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of Morningstar by 24.8% in the second quarter. Mawer Investment Management Ltd. now owns 483,300 shares of the business services provider’s stock worth $69,905,000 after acquiring an additional 96,000 shares during the period. Bridges Investment Management Inc. purchased a new stake in shares of Morningstar during the second quarter worth about $257,000. Finally, Miracle Mile Advisors LLC grew its position in shares of Morningstar by 14.8% during the second quarter. Miracle Mile Advisors LLC now owns 27,145 shares of the business services provider’s stock worth $3,926,000 after purchasing an additional 3,494 shares in the last quarter. 43.98% of the stock is currently owned by hedge funds and other institutional investors.
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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