WINTON GROUP Ltd Reduces Stock Position in Moelis & Company $MC

WINTON GROUP Ltd lessened its stake in Moelis & Company (NYSE:MC) by 89.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 12,422 shares of the asset manager’s stock after selling 108,615 shares during the period. WINTON GROUP Ltd’s holdings in Moelis & Company were worth $813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MC. Nykredit A S acquired a new stake in shares of Moelis & Company in the 2nd quarter worth $99,000. Corient Private Wealth LP boosted its position in shares of Moelis & Company by 1.1% during the 2nd quarter. Corient Private Wealth LP now owns 58,232 shares of the asset manager’s stock valued at $3,810,000 after acquiring an additional 613 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Moelis & Company in the second quarter valued at about $321,000. California State Teachers Retirement System grew its holdings in shares of Moelis & Company by 6,263.4% in the second quarter. California State Teachers Retirement System now owns 5,592,625 shares of the asset manager’s stock valued at $365,870,000 after purchasing an additional 5,504,738 shares during the period. Finally, Odyssean LLC increased its position in Moelis & Company by 70.7% during the second quarter. Odyssean LLC now owns 43,912 shares of the asset manager’s stock worth $2,873,000 after purchasing an additional 18,194 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Down 2.2%

Shares of NYSE:MC opened at $62.63 on Tuesday. The business has a 50-day moving average price of $67.17 and a 200 day moving average price of $64.52. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 21.82, a PEG ratio of 0.84 and a beta of 1.84. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $409.39 million for the quarter, compared to analysts’ expectations of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. Moelis & Company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. As a group, equities research analysts predict that Moelis & Company will post 3.09 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 10th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, August 10th. Moelis & Company’s payout ratio is 90.59%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group reaffirmed a “sell” rating and set a $60.00 target price (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Zacks Research raised shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Morgan Stanley raised their price target on shares of Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a research report on Friday, August 21st. Finally, Keefe, Bruyette & Woods decreased their price objective on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and a consensus target price of $73.62.

Insider Buying and Selling

In related news, General Counsel Osamu R. Watanabe sold 4,850 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $69.30, for a total transaction of $336,105.00. Following the completion of the transaction, the general counsel owned 131 shares of the company’s stock, valued at approximately $9,078.30. This trade represents a 97.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth Shropshire sold 1,881 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.06, for a total value of $129,901.86. Following the completion of the sale, the director directly owned 7,633 shares in the company, valued at approximately $527,134.98. The trade was a 19.77% decrease in their position. The SEC filing for this sale provides additional information. 6.29% of the stock is currently owned by insiders.

Moelis & Company Profile

Moelis & Company (NYSE: MC) is a global independent investment bank that provides strategic financial advisory services to corporations, governments, financial sponsors and other institutions. The firm advises clients on mergers and acquisitions, divestitures, recapitalizations, restructurings, capital raising and other complex financial transactions.

Founded in 2007 by Ken Moelis, the company operates through a network of offices serving clients across the Americas, Europe, Asia-Pacific and other international markets.