Moelis & Co (NYSE:MC) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,000,000 shares, a drop of 9.1% from the December 15th total of 2,200,000 shares. Currently, 4.1% of the company’s stock are sold short. Based on an average trading volume of 445,900 shares, the days-to-cover ratio is presently 4.5 days.

Shares of Moelis & Co stock traded up $1.47 during trading on Thursday, hitting $34.92. 819,055 shares of the stock traded hands, compared to its average volume of 589,164. The stock has a market cap of $2.03 billion, a P/E ratio of 11.64 and a beta of 1.96. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.53 and a current ratio of 2.53. Moelis & Co has a twelve month low of $29.56 and a twelve month high of $48.69. The company has a fifty day moving average price of $32.50 and a two-hundred day moving average price of $33.26.

Moelis & Co (NYSE:MC) last announced its quarterly earnings results on Wednesday, October 30th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.19. The business had revenue of $231.70 million during the quarter, compared to analyst estimates of $198.15 million. Moelis & Co had a return on equity of 47.82% and a net margin of 16.14%. The firm’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 EPS. On average, equities research analysts expect that Moelis & Co will post 1.83 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on MC shares. Zacks Investment Research upgraded Moelis & Co from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a report on Friday, January 3rd. ValuEngine upgraded Moelis & Co from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Buckingham Research reduced their price target on Moelis & Co from $44.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Finally, Morgan Stanley reduced their price target on Moelis & Co from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Moelis & Co has a consensus rating of “Hold” and a consensus price target of $39.60.

In other Moelis & Co news, General Counsel Osamu R. Watanabe sold 15,776 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $35.33, for a total transaction of $557,366.08. Following the completion of the sale, the general counsel now directly owns 32,876 shares in the company, valued at approximately $1,161,509.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Callesano sold 4,797 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $36.10, for a total value of $173,171.70. The disclosure for this sale can be found here. Insiders have sold a total of 107,866 shares of company stock valued at $3,728,179 over the last 90 days. Corporate insiders own 19.67% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Moelis & Co by 0.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 63,241 shares of the asset manager’s stock valued at $2,077,000 after acquiring an additional 358 shares in the last quarter. Naples Global Advisors LLC raised its stake in shares of Moelis & Co by 2.2% in the 3rd quarter. Naples Global Advisors LLC now owns 18,553 shares of the asset manager’s stock valued at $609,000 after acquiring an additional 407 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Moelis & Co by 6.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 9,610 shares of the asset manager’s stock valued at $315,000 after acquiring an additional 572 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of Moelis & Co by 1.0% in the 3rd quarter. California State Teachers Retirement System now owns 73,852 shares of the asset manager’s stock valued at $2,426,000 after acquiring an additional 735 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY raised its stake in shares of Moelis & Co by 8.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 15,488 shares of the asset manager’s stock valued at $509,000 after acquiring an additional 1,235 shares in the last quarter. Institutional investors and hedge funds own 73.94% of the company’s stock.

Moelis & Co Company Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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