Zacks Investment Research Downgrades Greenhill & Co., Inc. (GHL) to Hold

Greenhill & Co., Inc. (NYSE:GHL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “GREENHILL & CO., Inc. is a leading independent investment bank that provides financial advice on significant mergers, acquisitions and restructurings; assists private funds in raising capital from investors; and manages merchant banking funds. It acts for clients located throughout the world from its offices in New York, London, Frankfurt, Toronto, Dallas and San Francisco. “

Several other research analysts have also recently weighed in on the company. ValuEngine raised Greenhill & Co., Inc. from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.00 target price on shares of Greenhill & Co., Inc. in a research note on Thursday, October 19th. Nomura decreased their target price on Greenhill & Co., Inc. from $14.00 to $13.00 and set a “reduce” rating for the company in a research note on Wednesday, January 3rd. Finally, Bank of America decreased their target price on Greenhill & Co., Inc. from $13.00 to $12.00 and set an “underperform” rating for the company in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Greenhill & Co., Inc. currently has an average rating of “Hold” and a consensus price target of $15.43.

Shares of Greenhill & Co., Inc. (GHL) traded down $0.50 on Thursday, reaching $17.90. The company had a trading volume of 896,176 shares, compared to its average volume of 513,699. The company has a quick ratio of 3.83, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. Greenhill & Co., Inc. has a 52-week low of $13.80 and a 52-week high of $31.35.

Greenhill & Co., Inc. (NYSE:GHL) last released its quarterly earnings results on Tuesday, February 6th. The financial services provider reported ($0.35) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.18). Greenhill & Co., Inc. had a negative return on equity of 3.20% and a negative net margin of 11.14%. The business had revenue of $66.89 million during the quarter, compared to the consensus estimate of $57.36 million. During the same period in the previous year, the company posted $0.74 EPS. The company’s revenue for the quarter was down 34.2% compared to the same quarter last year. equities analysts forecast that Greenhill & Co., Inc. will post 0.93 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in GHL. Mint Tower Capital Management B.V. purchased a new stake in Greenhill & Co., Inc. in the 3rd quarter worth about $166,000. Acadian Asset Management LLC purchased a new stake in shares of Greenhill & Co., Inc. during the 4th quarter worth about $204,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Greenhill & Co., Inc. during the 3rd quarter worth about $183,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Greenhill & Co., Inc. during the 3rd quarter worth about $185,000. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Greenhill & Co., Inc. by 62.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 13,300 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 5,100 shares in the last quarter. 96.88% of the stock is owned by institutional investors and hedge funds.

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Greenhill & Co., Inc. Company Profile

Greenhill & Co, Inc is an investment bank. The Company provides financial and strategic advice on domestic and cross-border mergers and acquisitions, divestitures, restructurings, financings, capital raising and other transactions to a diverse client base, including corporations, partnerships, institutions and governments globally.

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