Assetmark Inc. boosted its position in shares of Moelis & Co (NYSE:MC) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,061 shares of the business services provider’s stock after acquiring an additional 1,353 shares during the quarter. Assetmark Inc. owned approximately 0.25% of Moelis worth $2,773,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Sawtooth Solutions LLC acquired a new stake in shares of Moelis during the 3rd quarter worth approximately $101,000. Amalgamated Bank acquired a new stake in shares of Moelis during the 2nd quarter worth approximately $106,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Moelis during the 3rd quarter worth approximately $121,000. Trexquant Investment LP acquired a new stake in shares of Moelis during the 3rd quarter worth approximately $197,000. Finally, Synovus Financial Corp acquired a new stake in shares of Moelis during the 4th quarter worth approximately $199,000. Institutional investors own 80.36% of the company’s stock.
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A number of equities research analysts have weighed in on the stock. Stephens reaffirmed a “buy” rating and issued a $60.00 price objective on shares of Moelis in a research note on Friday, January 26th. B. Riley cut their price objective on shares of Moelis from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Friday, January 26th. BidaskClub cut shares of Moelis from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. ValuEngine cut shares of Moelis from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Moelis from $60.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $58.15.
Shares of MC opened at $41.29 on Friday. Moelis & Co has a 12 month low of $35.54 and a 12 month high of $56.02. The company has a market cap of $3.21 billion, a PE ratio of 11.07, a P/E/G ratio of 1.06 and a beta of 1.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of -11.74.
Moelis (NYSE:MC) last announced its quarterly earnings results on Thursday, January 24th. The business services provider reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.08. Moelis had a net margin of 9.45% and a negative return on equity of 67.52%. The firm had revenue of $195.30 million during the quarter, compared to analyst estimates of $183.31 million. During the same period in the prior year, the firm earned $0.55 EPS. The business’s revenue was up 18.5% compared to the same quarter last year. On average, research analysts forecast that Moelis & Co will post 4.92 earnings per share for the current fiscal year.
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MOLINE & Co, together with its subsidiaries, provides investment banking, financial advisory, asset