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

August 13, 2018 - By Brian Ramirez

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. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, June 21. The rating was maintained by Sandler O’Neill with “Hold” on Tuesday, April 24. On Monday, June 4 the stock rating was maintained by Buckingham Research with “Buy”. The firm has “Buy” rating by Bank of America given on Tuesday, July 24. The stock of Moelis & Company (NYSE:MC) has “Market Outperform” rating given on Tuesday, April 24 by JMP Securities. The firm has “Buy” rating by Bank of America given on Monday, July 16. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, April 24 report. Keefe Bruyette & Woods maintained it with “Hold” rating and $5500 target in Thursday, April 5 report. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, April 23 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: 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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