California State Teachers Retirement System raised its position in shares of Moelis & Co (NYSE:MC) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,160 shares of the asset manager’s stock after acquiring an additional 5,688 shares during the period. California State Teachers Retirement System’s holdings in Moelis & Co were worth $2,159,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Asset Management Inc. boosted its holdings in Moelis & Co by 4.4% during the third quarter. Rothschild Asset Management Inc. now owns 335,222 shares of the asset manager’s stock valued at $14,431,000 after acquiring an additional 14,192 shares during the period. AGF Investments Inc. boosted its holdings in Moelis & Co by 17.5% during the third quarter. AGF Investments Inc. now owns 662,203 shares of the asset manager’s stock valued at $28,508,000 after acquiring an additional 98,617 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Moelis & Co by 79.0% during the second quarter. Goldman Sachs Group Inc. now owns 244,143 shares of the asset manager’s stock valued at $9,485,000 after acquiring an additional 107,719 shares during the period. Cavalier Investments LLC bought a new stake in Moelis & Co during the third quarter valued at about $956,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Moelis & Co by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,486,795 shares of the asset manager’s stock valued at $64,378,000 after buying an additional 19,377 shares during the period. Institutional investors own 56.70% of the company’s stock.

In related news, Chairman Kenneth Moelis sold 30,656 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $42.67, for a total value of $1,308,091.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 80,956 shares of company stock valued at $3,451,515 in the last three months. Company insiders own 52.64% of the company’s stock.

Shares of Moelis & Co (NYSE MC) opened at $49.90 on Wednesday. Moelis & Co has a one year low of $33.10 and a one year high of $51.20. The firm has a market cap of $2,660.00, a PE ratio of 23.88, a P/E/G ratio of 1.40 and a beta of 1.91.

Moelis & Co (NYSE:MC) last released its earnings results on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.15. Moelis & Co had a net margin of 9.62% and a return on equity of 52.76%. The business had revenue of $170.00 million during the quarter, compared to analysts’ expectations of $168.51 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. equities analysts expect that Moelis & Co will post 2.36 earnings per share for the current fiscal year.

MC has been the subject of several research reports. Morgan Stanley increased their target price on shares of Moelis & Co from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. JMP Securities increased their target price on shares of Moelis & Co from $44.00 to $47.00 and gave the company a “market outperform” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Moelis & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. ValuEngine upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, UBS Group increased their target price on shares of Moelis & Co from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Moelis & Co has a consensus rating of “Buy” and a consensus target price of $46.67.

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Moelis & Co Company Profile

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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