Moelis & Co. (MC) Downgraded to “Hold” at Sandler O’Neill
Moelis & Co. (NYSE:MC) was downgraded by investment analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a report released on Thursday.
A number of other analysts also recently commented on MC. Credit Suisse Group AG reiterated a “hold” rating on shares of Moelis & Co. in a report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Moelis & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $31.00.
Shares of Moelis & Co. (NYSE:MC) traded down 3.42% on Thursday, hitting $24.00. 10,191 shares of the stock were exchanged. The company has a market cap of $494.38 million, a P/E ratio of 14.29 and a beta of 1.73. Moelis & Co. has a one year low of $21.91 and a one year high of $31.84. The firm’s 50-day moving average is $26.27 and its 200-day moving average is $26.23.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/moelis-co-mc-downgraded-to-hold-at-sandler-oneill.html
Moelis & Co. (NYSE:MC) last released its earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. Moelis & Co. had a net margin of 6.01% and a return on equity of 35.37%. The business had revenue of $131.70 million for the quarter, compared to the consensus estimate of $131.44 million. During the same period in the previous year, the firm earned $0.37 EPS. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. On average, equities analysts forecast that Moelis & Co. will post $1.62 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP raised its position in Moelis & Co. by 126.0% in the second quarter. GSA Capital Partners LLP now owns 41,484 shares of the company’s stock valued at $933,000 after buying an additional 23,125 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Moelis & Co. during the second quarter valued at $222,000. Kleinwort Benson Investors Dublin Ltd bought a new position in Moelis & Co. during the second quarter valued at $616,000. Swiss National Bank raised its position in Moelis & Co. by 13.8% in the second quarter. Swiss National Bank now owns 33,000 shares of the company’s stock valued at $743,000 after buying an additional 4,000 shares in the last quarter. Finally, California State Teachers Retirement System raised its position in 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 in the last quarter. Hedge funds and other 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.
Receive News & Ratings for Moelis & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Co. and related companies with MarketBeat.com's FREE daily email newsletter.