Moelis & Co. (MC) Lowered to Hold at Sandler O’Neill
A number of other research firms have also recently commented on MC. Zacks Investment Research cut shares of Moelis & Co. from a hold rating to a strong sell rating in a report on Tuesday. Credit Suisse Group AG reissued a hold rating on shares of Moelis & Co. in a report on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Moelis & Co. presently has a consensus rating of Hold and an average target price of $31.00.
Shares of Moelis & Co. (NYSE:MC) traded up 1.66% on Thursday, reaching $24.45. 14,962 shares of the company were exchanged. The company’s 50-day moving average price is $26.18 and its 200 day moving average price is $26.22. The company has a market cap of $503.65 million, a price-to-earnings ratio of 14.56 and a beta of 1.73. Moelis & Co. has a 12 month low of $21.91 and a 12 month high of $31.84.
Moelis & Co. (NYSE:MC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The firm earned $131.70 million during the quarter, compared to analysts’ expectations of $131.44 million. Moelis & Co. had a net margin of 6.01% and a return on equity of 35.37%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share. On average, equities research analysts expect that Moelis & Co. will post $1.62 EPS for the current year.
Several hedge funds have recently made changes to their positions in the company. KAMES CAPITAL plc bought a new stake in shares of Moelis & Co. during the second quarter valued at approximately $994,000. Royal Bank of Canada increased its stake in Moelis & Co. by 1.0% in the second quarter. Royal Bank of Canada now owns 177,986 shares of the company’s stock valued at $4,004,000 after buying an additional 1,751 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Moelis & Co. by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 60,310 shares of the company’s stock valued at $1,357,000 after buying an additional 1,326 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in Moelis & Co. during the second quarter valued at about $394,000. Finally, Clinton Group Inc. acquired a new stake in Moelis & Co. during the second quarter valued at about $246,000. 84.45% of the stock is owned by institutional investors.
Moelis & Co. Company Profile
Moelis & Company is an investment banking advisory firm. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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