T. Rowe Price Investment Management Inc. Sells 121,993 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

T. Rowe Price Investment Management Inc. lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,297,915 shares of the financial services provider's stock after selling 121,993 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.87% of Houlihan Lokey worth $225,396,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners acquired a new stake in Houlihan Lokey in the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey in the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $62,000. Finally, Mather Group LLC. boosted its position in shares of Houlihan Lokey by 24.8% during the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock valued at $101,000 after buying an additional 116 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on HLI shares. UBS Group lifted their target price 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 reaffirmed a "market perform" rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a report on Monday, April 7th. Wells Fargo & Company dropped their price target on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $183.40.

Houlihan Lokey Stock Down 0.2 %

Shares of HLI stock traded down $0.37 during trading on Tuesday, hitting $160.85. The company had a trading volume of 163,669 shares, compared to its average volume of 349,264. Houlihan Lokey, Inc. has a 52 week low of $126.30 and a 52 week high of $192.10. The stock has a market capitalization of $11.28 billion, a price-to-earnings ratio of 30.65 and a beta of 0.84. The stock's 50-day moving average is $159.22 and its two-hundred day moving average is $171.76.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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%. On average, research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

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.