Capital Investment Advisory Services LLC Has $467,000 Stock Holdings in Moelis & Company (NYSE:MC)

Capital Investment Advisory Services LLC cut its stake in shares of Moelis & Company (NYSE:MC) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,315 shares of the asset manager’s stock after selling 227 shares during the period. Capital Investment Advisory Services LLC’s holdings in Moelis & Company were worth $467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Moelis & Company during the third quarter valued at $3,433,000. Natixis Advisors LLC raised its position in Moelis & Company by 13.7% during the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after buying an additional 96,720 shares during the period. Cerity Partners LLC raised its position in Moelis & Company by 129.8% during the third quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock valued at $949,000 after buying an additional 7,819 shares during the period. Charles Schwab Investment Management Inc. raised its position in Moelis & Company by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after buying an additional 16,830 shares during the period. Finally, Citigroup Inc. raised its position in Moelis & Company by 75.0% during the third quarter. Citigroup Inc. now owns 87,213 shares of the asset manager’s stock valued at $5,975,000 after buying an additional 37,375 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Moelis & Company Stock Performance

MC opened at $77.75 on Friday. The company has a market cap of $5.83 billion, a PE ratio of 146.70 and a beta of 1.39. The stock has a 50-day moving average of $75.24 and a 200-day moving average of $70.27. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $81.60.

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.