Moelis & Co (MC) Holdings Increased by California State Teachers Retirement System

California State Teachers Retirement System raised its position in shares of Moelis & Co (NYSE:MC) by 12.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,160 shares of the asset manager’s stock after purchasing an additional 5,688 shares during the quarter. California State Teachers Retirement System owned 0.09% of Moelis & Co worth $2,159,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MC. American Century Companies Inc. raised its stake in Moelis & Co by 636.3% during the 3rd quarter. American Century Companies Inc. now owns 564,299 shares of the asset manager’s stock valued at $24,293,000 after purchasing an additional 487,660 shares during the period. Pier Capital LLC acquired a new stake in Moelis & Co during the 3rd quarter valued at $7,145,000. BlackRock Inc. raised its stake in Moelis & Co by 6.4% during the 2nd quarter. BlackRock Inc. now owns 2,379,872 shares of the asset manager’s stock valued at $92,458,000 after purchasing an additional 142,321 shares during the period. Citadel Advisors LLC raised its stake in Moelis & Co by 334.8% during the 3rd quarter. Citadel Advisors LLC now owns 168,525 shares of the asset manager’s stock valued at $7,256,000 after purchasing an additional 129,764 shares during the period. Finally, Mckinley Capital Management LLC Delaware raised its stake in Moelis & Co by 1,382.1% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 135,758 shares of the asset manager’s stock valued at $5,274,000 after purchasing an additional 126,598 shares during the period. 56.70% of the stock is currently owned by institutional investors.

Moelis & Co (NYSE MC) opened at $49.90 on Wednesday. The company has a market cap of $2,660.00, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.40 and a beta of 1.91. Moelis & Co has a 1 year low of $33.10 and a 1 year high of $51.20.

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

A number of equities analysts have recently weighed in on MC shares. Zacks Investment Research raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Tuesday, October 31st. ValuEngine raised shares of Moelis & Co from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. JMP Securities upped their price target on shares of Moelis & Co from $44.00 to $47.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. UBS Group upped their price target on shares of Moelis & Co from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Morgan Stanley upped their price target on shares of Moelis & Co from $45.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Moelis & Co has an average rating of “Buy” and an average price target of $46.67.

In other Moelis & Co news, Chairman Kenneth Moelis sold 30,656 shares of the stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $42.67, for a total transaction of $1,308,091.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 80,956 shares of company stock worth $3,451,515 over the last three months. Company insiders own 52.64% of the company’s stock.

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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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