Moelis & Co. (MC) Trading 3.9% Higher
Moelis & Co. (NYSE:MC)’s share price traded up 3.9% during mid-day trading on Thursday . The stock traded as high as $25.29 and last traded at $25.04, with a volume of 91,817 shares traded. The stock had previously closed at $24.10.
Several equities analysts recently issued reports on the company. Credit Suisse Group AG restated a “hold” rating on shares of Moelis & Co. in a research report on Tuesday, June 28th. Morgan Stanley restated a “buy” rating on shares of Moelis & Co. in a research report on Tuesday, June 7th. Finally, Zacks Investment Research cut Moelis & Co. from a “hold” rating to a “sell” rating in a report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.78.
The company’s 50-day moving average price is $24.91 and its 200-day moving average price is $26.06. The stock has a market capitalization of $382.51 million and a P/E ratio of 14.83.
Moelis & Co. (NYSE:MC) last posted its earnings results on Wednesday, April 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. The company earned $126.36 million during the quarter, compared to the consensus estimate of $132.57 million. During the same quarter in the prior year, the company earned $0.28 EPS. The company’s quarterly revenue was up 27.1% compared to the same quarter last year. On average, equities analysts expect that Moelis & Co. will post $1.64 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Jennison Associates LLC increased its stake in 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 in the last quarter. Royce & Associates LLC increased its stake in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Moelis & Co. by 145.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 126,394 shares of the company’s stock worth $3,688,000 after buying an additional 74,860 shares in the last quarter.
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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