Mutual of America Capital Management LLC Decreases Holdings in Moelis & Company (NYSE:MC)

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Mutual of America Capital Management LLC lessened its holdings in shares of Moelis & Company (NYSE:MCGet Rating) by 0.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,686 shares of the asset manager’s stock after selling 415 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Moelis & Company were worth $3,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd bought a new position in Moelis & Company during the fourth quarter worth about $29,000. MUFG Americas Holdings Corp boosted its position in Moelis & Company by 157.8% during the fourth quarter. MUFG Americas Holdings Corp now owns 691 shares of the asset manager’s stock worth $43,000 after purchasing an additional 423 shares during the period. First Horizon Advisors Inc. boosted its position in Moelis & Company by 231.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,024 shares of the asset manager’s stock worth $63,000 after purchasing an additional 715 shares during the period. Lazard Asset Management LLC bought a new position in Moelis & Company during the fourth quarter worth about $78,000. Finally, UMB Bank N A MO bought a new position in Moelis & Company during the fourth quarter worth about $90,000. Institutional investors own 86.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MC shares. StockNews.com started coverage on shares of Moelis & Company in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Keefe, Bruyette & Woods lowered shares of Moelis & Company from an “outperform” rating to a “market perform” rating and set a $57.00 price objective for the company. in a research report on Wednesday, April 6th. Morgan Stanley lowered shares of Moelis & Company from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $53.00 to $36.00 in a research report on Monday, July 18th. Wolfe Research lowered shares of Moelis & Company from a “peer perform” rating to an “underperform” rating and set a $42.00 price objective for the company. in a research report on Monday, July 11th. Finally, UBS Group lowered shares of Moelis & Company from a “buy” rating to a “neutral” rating and cut their price objective for the company from $54.00 to $40.00 in a research report on Wednesday, July 6th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $44.17.

Insiders Place Their Bets

In other Moelis & Company news, COO Elizabeth Crain sold 7,000 shares of Moelis & Company stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $47.08, for a total transaction of $329,560.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.97% of the company’s stock.

Moelis & Company Price Performance

Shares of Moelis & Company stock opened at $43.93 on Thursday. Moelis & Company has a 1 year low of $37.16 and a 1 year high of $77.49. The firm has a market cap of $3.05 billion, a PE ratio of 8.32 and a beta of 1.24. The company has a 50 day simple moving average of $41.86 and a two-hundred day simple moving average of $46.42.

Moelis & Company (NYSE:MCGet Rating) last posted its quarterly earnings results on Wednesday, July 27th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $242.52 million for the quarter, compared to analysts’ expectations of $199.79 million. Moelis & Company had a return on equity of 89.78% and a net margin of 23.08%. The company’s revenue was down 32.8% compared to the same quarter last year. During the same period last year, the business posted $1.19 earnings per share. As a group, research analysts anticipate that Moelis & Company will post 3.11 earnings per share for the current year.

Moelis & Company Profile

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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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

Further Reading

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