Houlihan Lokey, Inc. (NYSE:HLI) Stock Holdings Decreased by Earnest Partners LLC

Earnest Partners LLC lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,967,559 shares of the financial services provider's stock after selling 263,680 shares during the quarter. Houlihan Lokey comprises approximately 2.3% of Earnest Partners LLC's holdings, making the stock its 2nd largest holding. Earnest Partners LLC owned 4.27% of Houlihan Lokey worth $515,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $29,000. Financial Life Planners purchased a new stake in Houlihan Lokey during the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the fourth quarter worth $62,000. Finally, Mather Group LLC. boosted its stake in shares of Houlihan Lokey by 24.8% during the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after purchasing an additional 116 shares during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Trading Up 2.2 %

Houlihan Lokey stock traded up $3.59 during midday trading on Friday, hitting $167.49. 175,922 shares of the stock were exchanged, compared to its average volume of 348,838. The stock's 50-day simple moving average is $158.63 and its 200 day simple moving average is $171.59. Houlihan Lokey, Inc. has a fifty-two week low of $127.14 and a fifty-two week high of $192.10. The stock has a market capitalization of $11.75 billion, a price-to-earnings ratio of 31.96 and a beta of 0.84.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HLI. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley lowered their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group raised their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average 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.