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

Moelis & Company (NYSE:MC - Get Free Report)'s stock had its "market perform" rating reissued by equities researchers at JMP Securities in a note issued to investors on Thursday,Benzinga reports.

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

Moelis & Company Stock Performance

Shares of Moelis & Company stock traded down $0.28 during trading hours on Thursday, reaching $78.52. The company's stock had a trading volume of 1,427,852 shares, compared to its average volume of 749,157. The company's 50 day simple moving average is $75.55 and its 200 day simple moving average is $70.94. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The stock has a market cap of $5.88 billion, a P/E ratio of 44.61 and a beta of 1.40.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. On average, sell-side analysts predict that Moelis & Company will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of Moelis & Company

A number of institutional investors have recently added to or reduced their stakes in the business. Reston Wealth Management LLC acquired a new stake in shares of Moelis & Company in the third quarter worth $26,000. R Squared Ltd bought a new position in Moelis & Company in the 4th quarter worth $47,000. Jones Financial Companies Lllp lifted its position in Moelis & Company by 148.3% during the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after acquiring an additional 491 shares during the last quarter. AlphaQuest LLC bought a new stake in Moelis & Company during the fourth quarter valued at about $61,000. Finally, GAMMA Investing LLC grew its position in shares of Moelis & Company by 115.8% in the third quarter. GAMMA Investing LLC now owns 995 shares of the asset manager's stock valued at $68,000 after purchasing an additional 534 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

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.