Ancora Advisors LLC Sells 3,748 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Ancora Advisors LLC lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 283,771 shares of the financial services provider's stock after selling 3,748 shares during the quarter. Houlihan Lokey makes up 1.1% of Ancora Advisors LLC's investment portfolio, making the stock its 17th largest holding. Ancora Advisors LLC owned about 0.41% of Houlihan Lokey worth $49,280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in HLI. Raymond James Financial Inc. acquired a new position in Houlihan Lokey in the 4th quarter valued at approximately $143,559,000. Norges Bank acquired a new position in Houlihan Lokey during the 4th quarter valued at about $114,047,000. Invesco Ltd. boosted its position in shares of Houlihan Lokey by 122.7% in the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after purchasing an additional 573,745 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Houlihan Lokey by 731.6% during the 4th quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock worth $60,341,000 after buying an additional 305,685 shares during the period. Finally, Jennison Associates LLC raised its holdings in Houlihan Lokey by 341.0% in the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after purchasing an additional 237,615 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Up 0.8 %

NYSE HLI traded up $1.33 on Wednesday, reaching $164.27. The company had a trading volume of 427,556 shares, compared to its average volume of 351,981. The company's fifty day moving average is $158.35 and its 200 day moving average is $171.43. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week high of $192.10. The stock has a market capitalization of $11.52 billion, a P/E ratio of 31.35 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating the consensus estimate of $1.54 by $0.42. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on HLI. StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group raised their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and a consensus price target of $183.40.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.