Moelis & Co. (MC) Lowered to Hold at Sandler O’Neill
Several other analysts have also issued reports on MC. Credit Suisse Group AG reaffirmed a hold rating on shares of Moelis & Co. in a research note on Tuesday, June 28th. Zacks Investment Research upgraded Moelis & Co. from a sell rating to a hold rating in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Moelis & Co. has a consensus rating of Hold and an average price target of $31.00.
Moelis & Co. (NYSE:MC) traded up 1.66% during mid-day trading on Thursday, reaching $24.45. 14,962 shares of the company traded hands. The company’s 50-day moving average is $26.18 and its 200-day moving average is $26.22. Moelis & Co. has a 12-month low of $21.91 and a 12-month high of $31.84. The stock has a market capitalization of $503.65 million, a price-to-earnings ratio of 14.56 and a beta of 1.73.
Moelis & Co. (NYSE:MC) last issued its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.06. The business earned $131.70 million during the quarter, compared to analyst estimates of $131.44 million. Moelis & Co. had a return on equity of 35.37% and a net margin of 6.01%. Moelis & Co.’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. Equities analysts predict that Moelis & Co. will post $1.62 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Schonfeld Strategic Advisors LLC acquired a new position in shares of Moelis & Co. during the first quarter worth approximately $577,000. UBS Group AG boosted its stake in shares of Moelis & Co. by 29.7% in the first quarter. UBS Group AG now owns 68,649 shares of the company’s stock valued at $1,938,000 after buying an additional 15,709 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Moelis & Co. by 4.5% in the second quarter. California State Teachers Retirement System now owns 38,972 shares of the company’s stock valued at $877,000 after buying an additional 1,669 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Moelis & Co. by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 104,539 shares of the company’s stock valued at $2,353,000 after buying an additional 3,575 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Moelis & Co. by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 1,175,914 shares of the company’s stock valued at $26,458,000 after buying an additional 99,629 shares during the last quarter. Institutional investors own 84.45% of the company’s stock.
About Moelis & Co.
Moelis & Company is an investment banking advisory firm. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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