Juncture Wealth Strategies LLC Purchases Shares of 2,800 Moelis & Company (NYSE:MC)

Juncture Wealth Strategies LLC acquired a new stake in Moelis & Company (NYSE:MC) during the 4th quarter, Holdings Channel reports. The firm acquired 2,800 shares of the asset manager’s stock, valued at approximately $207,000.

Several other institutional investors have also recently made changes to their positions in MC. Trust Point Inc. boosted its holdings in shares of Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after purchasing an additional 147 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in Moelis & Company by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after buying an additional 172 shares during the last quarter. GAMMA Investing LLC boosted its stake in Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after buying an additional 180 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in Moelis & Company by 1.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock valued at $788,000 after buying an additional 188 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Moelis & Company by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MC shares. Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and raised their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $71.00 to $86.00 in a research note on Friday, December 20th. UBS Group upped their target price on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company lowered their price target on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.67.

Moelis & Company Trading Up 0.3 %

Shares of MC opened at $78.12 on Friday. The company’s fifty day simple moving average is $74.98 and its 200-day simple moving average is $69.86. The company has a market cap of $5.85 billion, a P/E ratio of 147.40 and a beta of 1.39. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million during the quarter, compared to the consensus estimate of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.15) earnings per share. Analysts predict that Moelis & Company will post 1.03 earnings per share for the current fiscal year.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.