Universal Beteiligungs und Servicegesellschaft mbH Has $1.54 Million Holdings in Moelis & Company $MC

Universal Beteiligungs und Servicegesellschaft mbH increased its position in shares of Moelis & Company (NYSE:MC) by 146.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,642 shares of the asset manager’s stock after buying an additional 12,866 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Moelis & Company were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MC. EverSource Wealth Advisors LLC grew its position in shares of Moelis & Company by 89.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 282 shares during the period. Global Retirement Partners LLC lifted its stake in Moelis & Company by 103.0% in the 3rd quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager’s stock valued at $39,000 after purchasing an additional 276 shares during the last quarter. Private Trust Co. NA grew its holdings in Moelis & Company by 44.0% during the third quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock worth $43,000 after purchasing an additional 183 shares during the period. Salomon & Ludwin LLC acquired a new position in Moelis & Company during the third quarter worth approximately $46,000. Finally, Canton Hathaway LLC bought a new stake in Moelis & Company in the second quarter valued at approximately $51,000. 91.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on MC shares. Deutsche Bank Aktiengesellschaft initiated coverage on Moelis & Company in a research note on Thursday, October 9th. They set a “buy” rating and a $80.00 target price for the company. Keefe, Bruyette & Woods cut shares of Moelis & Company from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $78.00 to $80.00 in a research report on Tuesday, December 16th. BMO Capital Markets initiated coverage on shares of Moelis & Company in a report on Friday, October 3rd. They issued a “market perform” rating and a $74.00 price objective on the stock. UBS Group raised their target price on shares of Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and a consensus price target of $73.00.

Moelis & Company Stock Up 0.0%

Shares of NYSE:MC opened at $71.75 on Friday. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The company’s 50 day moving average price is $70.88 and its two-hundred day moving average price is $69.97. The firm has a market cap of $5.62 billion, a PE ratio of 24.00, a PEG ratio of 0.61 and a beta of 1.85.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $356.89 million during the quarter, compared to the consensus estimate of $336.14 million. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. On average, research analysts expect that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.