Moelis & Company $MC Stock Purchased by Capital Management Corp VA

Key Points

• Capital Management Corp VA increased its Moelis & Company stake by 5.2% in the third quarter, owning 386,250 shares valued at approximately $22.2 million. Institutional investors collectively hold 91.53% of the company.
• Analyst sentiment remains cautious, with Moelis receiving an average “Hold” rating and an average price target of $68.83; several firms recently lowered their targets, while UBS and Zacks issued modest upgrades.
• Moelis shares opened at $60.77, with a market capitalization of about $4.76 billion and a 52-week trading range of $51.06 to $78.22.

Capital Management Corp VA boosted its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 5.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 386,250 shares of the asset manager's stock after acquiring an additional 19,174 shares during the period. Moelis & Company accounts for 3.3% of Capital Management Corp VA's portfolio, making the stock its 9th largest position. Capital Management Corp VA owned 0.49% of Moelis & Company worth $22,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Moelis & Company during the third quarter worth $4,061,000. Verdence Capital Advisors LLC lifted its stake in Moelis & Company by 2.6% in the third quarter. Verdence Capital Advisors LLC now owns 44,976 shares of the asset manager's stock valued at $2,587,000 after buying an additional 1,128 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Moelis & Company by 6.1% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,709 shares of the asset manager's stock valued at $271,000 after buying an additional 270 shares during the period. Sterling Capital Management LLC boosted its holdings in Moelis & Company by 840.4% during the third quarter. Sterling Capital Management LLC now owns 2,492 shares of the asset manager's stock worth $143,000 after buying an additional 2,227 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Moelis & Company during the third quarter worth about $41,000. Institutional investors own 91.53% of the company's stock.

Insider Activity

In other news, Director Kenneth Shropshire sold 1,881 shares of the business's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $69.06, for a total value of $129,901.86. Following the sale, the director directly owned 7,633 shares in the company, valued at $527,134.98. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 6.29% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MC. Morgan Stanley lowered their price target on Moelis & Company from $85.00 to $77.00 and set an "overweight" rating for the company in a research note on Thursday, October 8th. UBS Group raised shares of Moelis & Company from a "sell" rating to a "neutral" rating and reduced their price objective for the stock from $60.00 to $59.00 in a research note on Wednesday, October 7th. Zacks Research upgraded shares of Moelis & Company from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 14th. Weiss Ratings downgraded shares of Moelis & Company from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, October 16th. Finally, The Goldman Sachs Group lowered their target price on shares of Moelis & Company from $71.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Moelis & Company currently has an average rating of "Hold" and an average target price of $68.83.

Moelis & Company Trading Up 3.7%

Shares of NYSE MC opened at $60.77 on Tuesday. The firm has a market cap of $4.76 billion, a PE ratio of 21.17, a PEG ratio of 2.45 and a beta of 1.91. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The company has a fifty day moving average price of $60.08 and a 200 day moving average price of $64.02.

Moelis & Company Company Profile

Moelis & Company NYSE: MC is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. Its advisory platform focuses on mergers and acquisitions, recapitalizations, restructurings, capital raising and other complex corporate finance matters.

The firm advises clients across a range of industries, including technology, media and telecommunications; financial services; consumer and retail; energy and infrastructure; healthcare; and industrials.

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