Moelis & Co. (NYSE:MC) reached a new 52-week low during trading on Wednesday . The stock traded as low as $21.91 and last traded at $22.29, with a volume of 63,334 shares. The stock had previously closed at $22.25.

A number of brokerages have recently issued reports on MC. Zacks Investment Research downgraded Moelis & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Moelis & Co. in a report on Tuesday, June 28th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Moelis & Co. in a report on Tuesday, June 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $30.78.

The stock has a market capitalization of $341.14 million and a P/E ratio of 13.23. The company’s 50 day moving average price is $25.59 and its 200-day moving average price is $26.26.

Moelis & Co. (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. During the same quarter in the prior year, the company earned $0.28 earnings per share. The firm earned $126.36 million during the quarter, compared to analyst estimates of $132.57 million. The company’s revenue for the quarter was up 27.1% on a year-over-year basis. On average, equities analysts forecast that Moelis & Co. will post $1.70 EPS for the current year.

A number of institutional investors have bought and sold shares of MC. Wells Fargo & Company MN raised its position in Moelis & Co. by 5.4% in the fourth quarter. Wells Fargo & Company MN now owns 52,011 shares of the company’s stock valued at $1,517,000 after buying an additional 2,646 shares during the period. Royce & Associates LLC raised its position in Moelis & Co. by 243.9% in the fourth quarter. Royce & Associates LLC now owns 949,413 shares of the company’s stock valued at $27,704,000 after buying an additional 673,330 shares during the period. Finally, Jennison Associates LLC raised its position in Moelis & Co. by 8.4% in the fourth quarter. Jennison Associates LLC now owns 1,646,210 shares of the company’s stock valued at $48,036,000 after buying an additional 128,125 shares during the period.

Moelis & Company is an investment bank that provides strategic and financial advice to a client base, including corporations, Governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering financial advisory services across all industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

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