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

August 13, 2018 - By Margaret Guttierez

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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 $3.66B 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. As per Thursday, April 5, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 24. The stock of Moelis & Company (NYSE:MC) earned “Hold” rating by Keefe Bruyette & Woods on Monday, April 23. The firm earned “Market Outperform” rating on Tuesday, April 24 by JMP Securities. Bank of America maintained the stock with “Buy” rating in Tuesday, July 24 report. The firm earned “Equal-Weight” rating on Thursday, June 21 by Morgan Stanley. As per Monday, June 4, the company rating was maintained by Buckingham Research. Bank of America maintained it with “Buy” rating and $65 target in Monday, July 16 report. The firm has “Hold” rating given on Tuesday, April 24 by Sandler O’Neill.

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: Seekingalpha.com which released: “Moelis & Company (MC) CEO Kenneth Moelis on Q2 2018 Results – Earnings Call Transcript” on July 24, 2018. Also Themiddlemarket.com published the news titled: “M&A wrap: Jeffrey Katzenberg, Meg Whitman, Madrone Capital, WndrCo, NewTV, LA Rams” on August 07, 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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