Moelis & Company (NYSE:MC) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC lowered its stake in shares of Moelis & Company (NYSE:MC) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,315 shares of the asset manager’s stock after selling 227 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Moelis & Company were worth $467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its position in Moelis & Company by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,590,316 shares of the asset manager’s stock valued at $108,973,000 after purchasing an additional 10,698 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Moelis & Company by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after purchasing an additional 16,830 shares during the period. Natixis Advisors LLC boosted its position in Moelis & Company by 13.7% during the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after purchasing an additional 96,720 shares during the period. Assenagon Asset Management S.A. boosted its position in Moelis & Company by 7.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager’s stock valued at $56,810,000 after purchasing an additional 53,473 shares during the period. Finally, Emerald Advisers LLC boosted its position in Moelis & Company by 1.3% during the 3rd quarter. Emerald Advisers LLC now owns 440,330 shares of the asset manager’s stock valued at $30,167,000 after purchasing an additional 5,844 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Up 0.5 %

Shares of Moelis & Company stock opened at $77.75 on Friday. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 146.70 and a beta of 1.39. The business has a fifty day simple moving average of $75.24 and a 200-day simple moving average of $70.27. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. UBS Group boosted their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Wells Fargo & Company reduced their price target on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $71.00 to $86.00 in a research report on Friday, December 20th. Finally, Morgan Stanley upgraded Moelis & Company from an “underweight” rating to an “overweight” rating and boosted their price target for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $70.67.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.