PEAK6 Investments LLC Grows Morningstar, Inc. (NASDAQ:MORN) Stock Holdings By 496%
PEAK6 Investments LLC significantly increased its position in Morningstar, Inc. (NASDAQ:MORN – Free Report) during the fourth quarter, according to the latest Form 13F filing with the SEC. The institutional investor now owns 13,320 shares of the business services provider’s stock after acquiring an additional 11,085 shares. With a value of $3,813,000, PEAK6 Investments LLC’s holdings in Morningstar have seen a substantial boost.
In addition to PEAK6 Investments LLC, several other institutional investors and hedge funds have either added to or reduced their stakes in the company. Principal Securities Inc. made a new investment in Morningstar during the fourth quarter, while GAMMA Investing LLC and CVA Family Office LLC also acquired new positions in the company. Furthermore, Fifth Third Bancorp and CWM LLC increased their positions in Morningstar in the fourth quarter as well. Overall, hedge funds and other institutional investors now own 57.02% of the company’s stock.
In recent insider activity, Director Steven N. Kaplan and Director William M. Lyons both sold shares of Morningstar stock. Analysts have also been closely monitoring MORN shares, with StockNews.com and TheStreet providing positive ratings for the company.
Morningstar’s stock experienced a 1.6% decrease, trading at $287.89 on Friday. The company has a market capitalization of $12.31 billion and a price-to-earnings ratio of 58.16. Morningstar’s 1-year low is $185.15, while the 1-year high is $316.05. The company recently announced a quarterly dividend, with a dividend yield of 0.56%.
As an independent investment insights provider, Morningstar, Inc. operates globally and offers a range of services. Investors can explore the latest 13F filings and insider trades for Morningstar, Inc. (NASDAQ:MORN – Free Report) on HoldingsChannel.com.
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