Moelis & Company (NYSE:MC) Stock Rating Lowered by UBS Group

Moelis & Company (NYSE:MC) was downgraded by investment analysts at UBS Group from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Zacks Research downgraded Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reduced their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Keefe, Bruyette & Woods lowered their price target on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, April 8th. Finally, Morgan Stanley dropped their price objective on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $72.11.

Moelis & Company Stock Performance

NYSE MC opened at $64.50 on Tuesday. The business’s 50 day moving average price is $66.52 and its 200-day moving average price is $65.85. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22. The company has a market cap of $5.07 billion, a P/E ratio of 23.20, a P/E/G ratio of 0.84 and a beta of 1.85.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.64 EPS. As a group, equities analysts predict that Moelis & Company will post 3.17 EPS for the current year.

Institutional Trading of Moelis & Company

Several large investors have recently added to or reduced their stakes in MC. Wealth Enhancement Advisory Services LLC boosted its position in Moelis & Company by 7.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 381,458 shares of the asset manager’s stock worth $26,221,000 after purchasing an additional 26,800 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Moelis & Company during the 3rd quarter valued at approximately $5,718,000. Aquatic Capital Management LLC increased its holdings in shares of Moelis & Company by 111.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 99,199 shares of the asset manager’s stock valued at $7,075,000 after purchasing an additional 52,229 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Moelis & Company by 714.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 182,147 shares of the asset manager’s stock valued at $12,521,000 after purchasing an additional 159,779 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of Moelis & Company by 11.0% in the 4th quarter. Natixis Advisors LLC now owns 1,019,832 shares of the asset manager’s stock valued at $70,103,000 after purchasing an additional 100,956 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Company Profile

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.