Based on the latest 2018Q2 regulatory filing with the SEC, Zacks Investment Management reduced its stake in Moelis & Co (MC) by 76.29%. By selling 54,072 shares Zacks Investment Management made the stock sank with 11.87%. At the end of 2018Q2, the 16,804 shares of the investment managers company held by the institutional investor were priced at $986,000, down from 70,876 at the end of the previous reported quarter. $2.49 billion is the MC of Moelis & Co. The stock decreased 2.01% or $0.87 during the last trading session, reaching $42.4.Currently Moelis & Company is uptrending after 46.08% change in last November 10, 2017. MC has also 351,344 shares volume. MC outperformed by 30.46% the S&P500.
About $3.45 billion and $4.60 billion US Long portfolio Zacks Investment Management manages. It rose its stake in At&T Inc (NYSE:T) by 169,545 shares to 1.74M shares, valued at $55.88 million in 2018Q2, according to the filing. Zacks Investment Management has risen its stake in Netapp Inc (NASDAQ:NTAP) and also increased its holding in Laboratory Corp Amer Hldgs (NYSE:LH) by 16,780 shares in the quarter, for a total of 47,874 shares.
On February, 6 WallStreet anticipated Moelis & Company (NYSE:MC)’s earnings report, according to Zacks. earnings per share of $0.73 is 40.38 % up from 2017’s $0.52 EPS. If the current earnings per share of $0.73 is accurate, MC’s profit could be $42.92 million. Analysts at Wall Street see Moelis & Company’s 17.74 % EPS growth compared to $0.62 earnings per share for previous quarter.
Another two news for Moelis & Company (NYSE:MC) were recently released by: Seekingalpha.com on October 23, 2018 with title “Moelis & Company (MC) Q3 2018 Results – Earnings Call Transcript”. The other Streetinsider.com‘s article was titled “After-Hours Stock Movers 10/22 (CDNS) (SENS) (SSNC) Higher; (MC) (AFMD) (PTI) Lower (more…)” and released on October 22, 2018.
Moelis & Company (NYSE:MC) Ratings Coverage
In total 5 analysts cover Moelis \u0026 Co (NYSE:MC). “Buy” rating has 3, “Sell” are 0, while 2 are “Hold”. (NYSE:MC) has 60% bullish analysts. 7 are the (NYSE:MC)’s ratings reports on Nov 10, 2018 according to StockzIntelligence Inc. On Monday, June 4 Buckingham Research maintained the shares of MC in report with “Buy” rating. On Monday, July 16 the stock of Moelis & Company (NYSE:MC) earned “Buy” rating by Bank of America. The stock rating was maintained by UBS with “Neutral” on Monday, October 8. On Thursday, June 21 the rating was downgraded by Morgan Stanley to “Equal-Weight”. On Tuesday, October 23 the stock has “Neutral” rating by UBS. On Tuesday, July 24 the stock of Moelis & Company (NYSE:MC) earned “Buy” rating by Bank of America.
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