Houlihan Lokey’s (HLI) Hold Rating Reaffirmed at UBS Group

Houlihan Lokey (NYSE:HLI)‘s stock had its “hold” rating reaffirmed by UBS Group in a research note issued on Thursday, MarketBeat.com reports. They currently have a $193.00 target price on the financial services provider’s stock. UBS Group’s price target points to a potential upside of 7.77% from the stock’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets initiated coverage on Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target for the company. Zacks Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday, December 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.14.

Houlihan Lokey Trading Down 0.4%

HLI stock opened at $179.09 on Thursday. Houlihan Lokey has a 12 month low of $137.99 and a 12 month high of $211.78. The company has a market cap of $12.55 billion, a price-to-earnings ratio of 28.88 and a beta of 0.95. The firm has a 50-day moving average of $183.99 and a two-hundred day moving average of $188.58.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The company had revenue of $659.45 million for the quarter, compared to analyst estimates of $639.08 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities analysts forecast that Houlihan Lokey will post 5.98 earnings per share for the current year.

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total transaction of $1,380,930.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.83% of the company’s stock.

Hedge Funds Weigh In On Houlihan Lokey

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Houlihan Lokey by 0.3% during the third quarter. Vanguard Group Inc. now owns 5,305,182 shares of the financial services provider’s stock worth $1,089,260,000 after buying an additional 13,750 shares during the period. Burgundy Asset Management Ltd. grew its holdings in Houlihan Lokey by 3.0% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,225,966 shares of the financial services provider’s stock worth $220,613,000 after acquiring an additional 36,144 shares in the last quarter. Mayflower Financial Advisors LLC purchased a new stake in shares of Houlihan Lokey in the 3rd quarter valued at approximately $230,335,000. Bank of America Corp DE raised its holdings in shares of Houlihan Lokey by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock valued at $187,506,000 after purchasing an additional 41,470 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Houlihan Lokey by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,041,590 shares of the financial services provider’s stock valued at $187,462,000 after purchasing an additional 21,132 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.