Could Morningstar, Inc. (MORN) See a Reversal After Breaking Its 52-Week High?

June 15, 2018 - By Nellie Frank

Morningstar, Inc. (NASDAQ:MORN) Logo

Investors sentiment decreased to 1.13 in 2018 Q1. Its down 0.45, from 1.58 in 2017Q4. It turned negative, as 18 investors sold Morningstar, Inc. shares while 49 reduced holdings. 17 funds opened positions while 59 raised stakes. 15.92 million shares or 5.41% less from 16.83 million shares in 2017Q4 were reported.
Golden Gate Private Equity holds 5.7% in Morningstar, Inc. (NASDAQ:MORN) or 72,100 shares. Qs Investors Limited Liability stated it has 0% of its portfolio in Morningstar, Inc. (NASDAQ:MORN). Invesco Limited invested in 14,591 shares. Panagora Asset Inc accumulated 5,341 shares or 0% of the stock. Manufacturers Life Insur Com The invested in 0% or 1,540 shares. Millennium Mngmt Ltd Liability Com invested 0.02% of its portfolio in Morningstar, Inc. (NASDAQ:MORN). Copeland Cap Mngmt Lc holds 0.98% or 159,180 shares. Stone Ridge Asset Management Ltd reported 9,195 shares stake. Mackay Shields Ltd Company invested in 21,431 shares. Vident Advisory Ltd Liability stated it has 0.01% of its portfolio in Morningstar, Inc. (NASDAQ:MORN). Ameriprise Finance Inc has invested 0% in Morningstar, Inc. (NASDAQ:MORN). State Street Corporation has 291,857 shares. Atlantic Tru Gp Limited Liability Com invested in 0% or 1,630 shares. Horizon Kinetics Ltd Llc, New York-based fund reported 4,173 shares. Fifth Third Retail Bank holds 0% or 291 shares.

Since February 23, 2018, it had 0 buys, and 16 sales for $35.88 million activity. 1,531 Morningstar, Inc. (NASDAQ:MORN) shares with value of $146,149 were sold by Landis Gail S.

The stock of Morningstar, Inc. (NASDAQ:MORN) hit a new 52-week high and has $138.18 target or 5.00 % above today’s $131.60 share price. The 6 months bullish chart indicates low risk for the $5.60 billion company. The 1-year high was reported on Jun, 15 by Barchart.com. If the $138.18 price target is reached, the company will be worth $279.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.12% or $0.15 during the last trading session, reaching $131.6. About 90,231 shares traded or 26.96% up from the average. Morningstar, Inc. (NASDAQ:MORN) has risen 59.49% since June 15, 2017 and is uptrending. It has outperformed by 46.92% the S&P500.

More news for Morningstar, Inc. (NASDAQ:MORN) were recently published by: Seekingalpha.com, which released: “Morningstar’s Rally Is Stretched” on June 15, 2018. Seekingalpha.com‘s article titled: “New Technology Helped Us Find This Gem Of A Fund” and published on May 31, 2018 is yet another important article.

Morningstar, Inc. provides independent investment research services in North America, Europe, Australia, and Asia. The company has market cap of $5.60 billion. The firm offers a line of data, software, research, and investment management offerings for financial advisors, asset managers, retirement plan providers and sponsors, and individual investors. It has a 41.39 P/E ratio. It offers Morningstar Data, an investment data spanning various investment databases, including pricing and commodity data; Morningstar Advisor Workstation, a Web investment planning system; Morningstar Direct, an institutional investment research platform; and Morningstar.com, a Website for individual investors.

Morningstar, Inc. (NASDAQ:MORN) Institutional Positions Chart

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