Moelis & Co (MC) Shares Sold by KAMES CAPITAL plc

KAMES CAPITAL plc decreased its holdings in Moelis & Co (NYSE:MC) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,087 shares of the asset manager’s stock after selling 3,806 shares during the period. KAMES CAPITAL plc owned 0.08% of Moelis & Co worth $2,041,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its position in Moelis & Co by 0.8% during the second quarter. Hillsdale Investment Management Inc. now owns 26,810 shares of the asset manager’s stock valued at $1,041,000 after purchasing an additional 210 shares during the period. Stifel Financial Corp raised its holdings in shares of Moelis & Co by 1.3% in the second quarter. Stifel Financial Corp now owns 36,542 shares of the asset manager’s stock worth $1,422,000 after buying an additional 478 shares during the period. Legal & General Group Plc raised its holdings in shares of Moelis & Co by 11.7% in the second quarter. Legal & General Group Plc now owns 6,427 shares of the asset manager’s stock worth $249,000 after buying an additional 674 shares during the period. Alliancebernstein L.P. raised its holdings in shares of Moelis & Co by 1.9% in the second quarter. Alliancebernstein L.P. now owns 41,300 shares of the asset manager’s stock worth $1,605,000 after buying an additional 780 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Moelis & Co by 8.1% in the second quarter. Victory Capital Management Inc. now owns 13,829 shares of the asset manager’s stock worth $537,000 after buying an additional 1,034 shares during the period. 56.70% of the stock is owned by hedge funds and other institutional investors.

Moelis & Co (NYSE MC) opened at $51.60 on Friday. The stock has a market capitalization of $2,693.91, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.41 and a beta of 1.92. Moelis & Co has a 52 week low of $33.10 and a 52 week high of $51.60.

Moelis & Co (NYSE:MC) last released its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.15. The business had revenue of $170.00 million during the quarter, compared to analyst estimates of $168.51 million. Moelis & Co had a return on equity of 52.76% and a net margin of 9.62%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. analysts forecast that Moelis & Co will post 2.36 earnings per share for the current year.

In related news, Chairman Kenneth Moelis sold 40,800 shares of Moelis & Co stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $42.66, for a total value of $1,740,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 80,956 shares of company stock valued at $3,451,515 in the last quarter. Company insiders own 52.64% of the company’s stock.

Several equities research analysts have recently weighed in on MC shares. Morgan Stanley increased their price target on Moelis & Co from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. JMP Securities raised their price objective on Moelis & Co from $44.00 to $47.00 and gave the stock a “market outperform” rating in a report on Thursday, October 26th. Zacks Investment Research cut Moelis & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine raised Moelis & Co from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, UBS Group raised their price objective on Moelis & Co from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Moelis & Co has an average rating of “Buy” and an average price target of $46.67.

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Moelis & Co Profile

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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