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

MC has been the subject of several research analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Moelis & Co. in a research note on Tuesday, June 7th. Credit Suisse Group AG reissued a “hold” rating on shares of Moelis & Co. in a research note on Tuesday, June 28th. Finally, Zacks Investment Research cut shares of Moelis & Co. from a “hold” rating to a “sell” rating in a research note on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $30.78.

The company has a market capitalization of $346.29 million and a P/E ratio of 13.43. The firm’s 50 day moving average price is $25.35 and its 200 day moving average price is $26.21.

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 the Zacks’ consensus estimate of $0.38 by $0.03. The business had revenue of $126.36 million for the quarter, compared to the consensus estimate of $132.57 million. During the same period in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 27.1% compared to the same quarter last year. Equities research analysts forecast that Moelis & Co. will post $1.70 earnings per share for the current fiscal year.

Several large investors have modified their holdings of the stock. Jennison Associates LLC boosted its stake in shares of Moelis & Co. by 8.4% in the fourth quarter. Jennison Associates LLC now owns 1,646,210 shares of the company’s stock worth $48,036,000 after buying an additional 128,125 shares during the period. Royce & Associates LLC boosted its stake in shares of Moelis & Co. by 243.9% in the fourth quarter. Royce & Associates LLC now owns 949,413 shares of the company’s stock worth $27,704,000 after buying an additional 673,330 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Moelis & Co. by 5.4% in the fourth quarter. Wells Fargo & Company MN now owns 52,011 shares of the company’s stock worth $1,517,000 after buying an additional 2,646 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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