Greenhill & Co., Inc. (GHL) Downgraded by Zacks Investment Research
Greenhill & Co., Inc. (NYSE:GHL) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday.
According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “
Several other equities analysts have also weighed in on GHL. ValuEngine lowered shares of Greenhill & Co., Inc. from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 1st. Sandler O’Neill reaffirmed a “hold” rating and set a $19.50 price objective on shares of Greenhill & Co., Inc. in a report on Tuesday, February 13th. Finally, Nomura dropped their price objective on shares of Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating on the stock in a report on Wednesday, January 3rd. Five investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Greenhill & Co., Inc. has an average rating of “Sell” and a consensus price target of $15.64.
Greenhill & Co., Inc. (NYSE:GHL) last posted its quarterly earnings results on Tuesday, February 6th. The financial services provider reported ($0.35) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.18). The company had revenue of $66.89 million for the quarter, compared to the consensus estimate of $57.36 million. Greenhill & Co., Inc. had a negative net margin of 11.14% and a negative return on equity of 3.43%. Greenhill & Co., Inc.’s quarterly revenue was down 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS. equities analysts predict that Greenhill & Co., Inc. will post 0.93 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GHL. The Manufacturers Life Insurance Company lifted its holdings in Greenhill & Co., Inc. by 9,562.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,073,680 shares of the financial services provider’s stock valued at $40,436,000 after purchasing an additional 2,052,219 shares during the last quarter. South Dakota Investment Council lifted its holdings in Greenhill & Co., Inc. by 149.9% during the third quarter. South Dakota Investment Council now owns 601,733 shares of the financial services provider’s stock valued at $9,989,000 after purchasing an additional 360,941 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Greenhill & Co., Inc. during the fourth quarter valued at about $6,605,000. Hudson Bay Capital Management LP purchased a new stake in Greenhill & Co., Inc. during the fourth quarter valued at about $5,785,000. Finally, TCW Group Inc. purchased a new stake in Greenhill & Co., Inc. during the fourth quarter valued at about $4,658,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.
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Greenhill & Co., Inc. Company Profile
Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.
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