Houlihan Lokey, Inc. (NYSE:HLI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
A number of other research firms also recently commented on HLI. UBS AG reiterated a “buy” rating and set a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $40.00 price target on shares of Houlihan Lokey in a research report on Thursday, July 27th. Zacks Investment Research downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Bank of America Corporation downgraded shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and raised their price target for the stock from $36.00 to $38.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call. Finally, TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Houlihan Lokey presently has an average rating of “Buy” and a consensus price target of $39.40.
Houlihan Lokey (NYSE:HLI) traded up 0.61% during trading on Friday, hitting $36.21. The company had a trading volume of 150,807 shares. Houlihan Lokey has a 52-week low of $23.19 and a 52-week high of $39.68. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 18.77 and a beta of 0.31. The firm’s 50 day moving average is $36.38 and its 200-day moving average is $34.16.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The firm had revenue of $217 million for the quarter, compared to the consensus estimate of $203.21 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts forecast that Houlihan Lokey will post $2.05 earnings per share for the current year.
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Hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Houlihan Lokey during the second quarter valued at approximately $105,000. Tower Research Capital LLC TRC boosted its position in Houlihan Lokey by 122.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after buying an additional 2,371 shares during the last quarter. Victory Capital Management Inc. boosted its position in Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the last quarter. Legal & General Group Plc boosted its position in Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in Houlihan Lokey during the first quarter valued at approximately $182,000. Hedge funds and other institutional investors own 32.66% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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