Moelis & Company (NYSE:MC) Rating Reiterated by Keefe, Bruyette & Woods

Moelis & Company (NYSE:MC)‘s stock had its “market perform” rating restated by analysts at Keefe, Bruyette & Woods in a research report issued on Thursday, Benzinga reports. They presently have a $54.00 price target on the asset manager’s stock, down from their previous price target of $58.00. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.54% from the company’s current price.

Other research analysts have also recently issued research reports about the company. UBS Group cut their price objective on Moelis & Company from $46.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday, March 26th. StockNews.com upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. increased their target price on shares of Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a report on Tuesday, April 9th. Finally, The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $58.00 in a research report on Wednesday, March 13th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.80.

Moelis & Company Trading Down 1.0 %

Shares of MC stock opened at $49.75 on Thursday. The firm has a 50-day moving average of $54.07 and a 200-day moving average of $51.54. Moelis & Company has a one year low of $33.87 and a one year high of $58.67.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.13%. The firm had revenue of $217.49 million during the quarter, compared to analyst estimates of $219.30 million. During the same quarter last year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, sell-side analysts forecast that Moelis & Company will post 1.47 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Joseph Simon sold 8,573 shares of Moelis & Company stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $54.13, for a total value of $464,056.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Joseph Simon sold 8,573 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $54.13, for a total transaction of $464,056.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christopher Callesano sold 1,040 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The disclosure for this sale can be found here. Insiders have sold a total of 375,185 shares of company stock worth $20,130,225 over the last 90 days. Corporate insiders own 6.96% of the company’s stock.

Hedge Funds Weigh In On Moelis & Company

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mendota Financial Group LLC purchased a new position in shares of Moelis & Company during the fourth quarter worth about $34,000. GAMMA Investing LLC bought a new stake in Moelis & Company during the fourth quarter valued at approximately $34,000. Hexagon Capital Partners LLC grew its stake in Moelis & Company by 147.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after buying an additional 392 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Moelis & Company by 22.5% in the 4th quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after buying an additional 276 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Moelis & Company during the 3rd quarter valued at $99,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.