Moelis & Company (NYSE:MC) Downgraded to Strong Sell Rating by UBS Group

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

Several other research analysts also recently weighed in on MC. Weiss Ratings downgraded Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group dropped their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Morgan Stanley cut their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Moelis & Company has a consensus rating of “Hold” and an average target price of $72.11.

Moelis & Company Stock Down 7.6%

Shares of Moelis & Company stock opened at $64.50 on Tuesday. Moelis & Company has a twelve month low of $51.06 and a twelve month high of $78.22. The business has a 50-day moving average price of $66.52 and a 200 day moving average price of $65.85. The firm has a market cap of $5.07 billion, a PE ratio of 23.20, a P/E/G ratio of 0.84 and a beta of 1.85.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The business had revenue of $319.78 million for the quarter, compared to analysts’ expectations of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.64 EPS. On average, sell-side analysts expect that Moelis & Company will post 3.17 EPS for the current year.

Institutional Trading of Moelis & Company

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings 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 valued at $26,221,000 after acquiring an additional 26,800 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of Moelis & Company during the 3rd quarter worth approximately $5,718,000. Aquatic Capital Management LLC boosted 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 worth $7,075,000 after purchasing an additional 52,229 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Moelis & Company by 714.3% in the fourth 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 in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Moelis & Company by 11.0% in the fourth 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 in the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

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.