Agf Investments Inc Decreased Moelis & Co. (NYSE:MC) Stake By $26.53 Million

August 13, 2018 - By Michele Cranor

Moelis & Company (NYSE:MC) Logo

Agf Investments Inc decreased its stake in Moelis & Co. (NYSE:MC) by 99.46% based on its latest 2018Q2 regulatory filing with the SEC. Agf Investments Inc sold 457,430 shares as the company’s stock rose 16.54% while stock markets declined. The institutional investor held 2,468 shares of the investment managers company at the end of 2018Q2, valued at $145,000, down from 459,898 at the end of the previous reported quarter. Agf Investments Inc who had been investing in Moelis & Co. for a number of months, seems to be less bullish one the $3.66 billion market cap company. The stock decreased 0.77% or $0.45 during the last trading session, reaching $57.7. About 344,150 shares traded. Moelis & Company (NYSE:MC) has risen 72.05% since August 13, 2017 and is uptrending. It has outperformed by 59.48% the S&P500.

Moelis & Company (NYSE:MC) Ratings Coverage

Among 6 analysts covering Moelis (NYSE:MC), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Moelis had 9 analyst reports since April 5, 2018 according to SRatingsIntel. On Thursday, April 5 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. On Monday, April 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The stock of Moelis & Company (NYSE:MC) has “Hold” rating given on Tuesday, April 24 by Sandler O’Neill. Morgan Stanley maintained Moelis & Company (NYSE:MC) rating on Tuesday, April 24. Morgan Stanley has “Overweight” rating and $63 target. JMP Securities maintained Moelis & Company (NYSE:MC) rating on Tuesday, April 24. JMP Securities has “Market Outperform” rating and $57 target. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, June 21. The stock of Moelis & Company (NYSE:MC) has “Buy” rating given on Tuesday, July 24 by Bank of America. Buckingham Research maintained the shares of MC in report on Monday, June 4 with “Buy” rating. Bank of America maintained the stock with “Buy” rating in Monday, July 16 report.

Moelis & Company is a global investment bank. The company has market cap of $3.66 billion. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. It has a 37.32 P/E ratio. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

More recent Moelis & Company (NYSE:MC) news were published by: Themiddlemarket.com which released: “M&A wrap: Jeffrey Katzenberg, Meg Whitman, Madrone Capital, WndrCo, NewTV, LA Rams” on August 07, 2018. Also Seekingalpha.com published the news titled: “Moelis & Company (MC) CEO Kenneth Moelis on Q2 2018 Results – Earnings Call Transcript” on July 24, 2018. Seekingalpha.com‘s news article titled: “Moelis launches 5M-share public stock offering” with publication date: August 01, 2018 was also an interesting one.

Moelis & Company (NYSE:MC) Ratings Chart

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