123,840 Shares in Moelis & Company (NYSE:MC) Purchased by Hodges Capital Management Inc.

Hodges Capital Management Inc. acquired a new stake in Moelis & Company (NYSE:MC) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 123,840 shares of the asset manager’s stock, valued at approximately $9,149,000. Hodges Capital Management Inc. owned 0.17% of Moelis & Company as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New England Research & Management Inc. bought a new position in shares of Moelis & Company in the fourth quarter worth $1,125,000. R Squared Ltd acquired a new stake in Moelis & Company during the fourth quarter worth about $47,000. KBC Group NV grew its stake in Moelis & Company by 46.8% during the fourth quarter. KBC Group NV now owns 3,035 shares of the asset manager’s stock worth $224,000 after buying an additional 967 shares in the last quarter. Blue Trust Inc. increased its holdings in Moelis & Company by 47.7% in the 4th quarter. Blue Trust Inc. now owns 1,597 shares of the asset manager’s stock valued at $109,000 after buying an additional 516 shares during the period. Finally, Juncture Wealth Strategies LLC acquired a new position in shares of Moelis & Company in the 4th quarter valued at approximately $207,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Up 0.6 %

Shares of MC opened at $78.25 on Monday. The stock has a market cap of $5.86 billion, a PE ratio of 147.64 and a beta of 1.40. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $81.60. The business has a 50-day simple moving average of $75.31 and a two-hundred day simple moving average of $70.43.

Analysts Set New Price Targets

Several research firms recently issued reports on MC. Morgan Stanley upgraded shares of Moelis & Company from an “underweight” rating to an “overweight” rating and increased their price target for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. Wells Fargo & Company decreased their price target on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. UBS Group upped their price objective 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, Keefe, Bruyette & Woods raised Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $71.00 to $86.00 in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.67.

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.