Moelis & Company $MC Stock Holdings Lifted by AlphaQuest LLC

AlphaQuest LLC grew its position in Moelis & Company (NYSE:MC) by 354.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,789 shares of the asset manager’s stock after purchasing an additional 33,367 shares during the period. AlphaQuest LLC’s holdings in Moelis & Company were worth $3,052,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MC. EverSource Wealth Advisors LLC grew its stake 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 buying an additional 282 shares in the last quarter. Global Retirement Partners LLC raised its position in Moelis & Company by 103.0% during the third quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 276 shares in the last quarter. Private Trust Co. NA raised its position in Moelis & Company by 44.0% during the third quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 183 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Moelis & Company in the third quarter valued at approximately $46,000. Finally, Canton Hathaway LLC acquired a new stake in Moelis & Company in the second quarter valued at approximately $51,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on MC shares. Zacks Research lowered shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Moelis & Company in a research report on Thursday, October 9th. They set a “buy” rating and a $80.00 target price on the stock. BMO Capital Markets started coverage on Moelis & Company in a report on Friday, October 3rd. They set a “market perform” rating and a $74.00 target price on the stock. Finally, Bank of America assumed coverage on Moelis & Company in a research report on Monday. They issued a “neutral” rating and a $81.00 price target for the company. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Moelis & Company presently has a consensus rating of “Hold” and a consensus target price of $73.00.

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $71.64 on Friday. The company has a market cap of $5.61 billion, a P/E ratio of 23.96, a P/E/G ratio of 0.61 and a beta of 1.85. The stock’s 50-day moving average is $70.70 and its 200-day moving average is $69.97. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. Moelis & Company had a return on equity of 45.62% and a net margin of 15.98%.The business had revenue of $356.89 million during the quarter, compared to analysts’ expectations of $336.14 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The firm’s revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts predict that Moelis & Company will post 2.97 EPS for the current year.

About Moelis & Company

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.