Universal Beteiligungs und Servicegesellschaft mbH Has $1.54 Million Stake in Moelis & Company $MC

Universal Beteiligungs und Servicegesellschaft mbH raised its position in Moelis & Company (NYSE:MC) by 146.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,642 shares of the asset manager’s stock after buying an additional 12,866 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Moelis & Company were worth $1,544,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Moelis & Company by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 354,658 shares of the asset manager’s stock worth $23,691,000 after acquiring an additional 17,740 shares during the period. Amalgamated Bank raised its position in Moelis & Company by 1.0% during the third quarter. Amalgamated Bank now owns 21,233 shares of the asset manager’s stock valued at $1,514,000 after purchasing an additional 220 shares in the last quarter. QRG Capital Management Inc. bought a new stake in Moelis & Company during the third quarter worth $249,000. First National Advisers LLC boosted its holdings in shares of Moelis & Company by 4.9% in the 3rd quarter. First National Advisers LLC now owns 8,720 shares of the asset manager’s stock valued at $622,000 after purchasing an additional 404 shares in the last quarter. Finally, Impact Capital Partners LLC increased its stake in shares of Moelis & Company by 1.2% in the 3rd quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager’s stock valued at $856,000 after purchasing an additional 147 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on MC shares. Weiss Ratings restated a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Morgan Stanley boosted their target price on Moelis & Company from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods downgraded shares of Moelis & Company from an “outperform” rating to a “market perform” rating and raised their price target for the company from $78.00 to $80.00 in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Moelis & Company in a report on Thursday, October 9th. They set a “buy” rating and a $80.00 price target on the stock. Finally, UBS Group increased their price objective on shares of Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.00.

Moelis & Company Trading Up 0.0%

Shares of MC stock opened at $71.75 on Friday. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 0.61 and a beta of 1.85. The business’s 50-day moving average price is $70.88 and its 200-day moving average price is $69.97. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The business had revenue of $356.89 million during the quarter, compared to analyst estimates of $336.14 million. During the same quarter last year, the business earned $0.22 EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. On average, sell-side analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.