Moelis & Company (NYSE:MC) Earns “Market Perform” Rating from JMP Securities

Moelis & Company (NYSE:MC)‘s stock had its “market perform” rating reiterated by stock analysts at JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports.

Several other equities analysts have also recently issued reports on MC. Wells Fargo & Company boosted their price objective on Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday. Keefe, Bruyette & Woods upgraded shares of Moelis & Company from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $71.00 to $86.00 in a research report on Friday, December 20th. Finally, Morgan Stanley raised their price objective on Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.83.

Moelis & Company Price Performance

NYSE MC opened at $78.77 on Thursday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 148.62 and a beta of 1.40. The stock’s fifty day moving average price is $75.51 and its 200 day moving average price is $70.75. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $82.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Research analysts expect that Moelis & Company will post 1.05 earnings per share for the current year.

Hedge Funds Weigh In On Moelis & Company

Several large investors have recently modified their holdings of MC. Wealthfront Advisers LLC acquired a new position in Moelis & Company in the fourth quarter valued at about $2,619,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Moelis & Company by 22.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,927 shares of the asset manager’s stock worth $1,398,000 after acquiring an additional 3,432 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Moelis & Company during the 4th quarter worth approximately $61,000. Capital Management Corp VA increased its holdings in Moelis & Company by 0.3% in the 4th quarter. Capital Management Corp VA now owns 181,088 shares of the asset manager’s stock valued at $13,379,000 after purchasing an additional 629 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in Moelis & Company in the fourth quarter valued at approximately $2,784,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

About Moelis & Company

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.