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

August 13, 2018 - By Winifred Garcia

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 firm has “Hold” rating given on Tuesday, April 24 by Sandler O’Neill. The stock of Moelis & Company (NYSE:MC) earned “Buy” rating by Buckingham Research on Monday, June 4. The company was maintained on Monday, April 23 by Keefe Bruyette & Woods. The firm has “Market Outperform” rating by JMP Securities given on Tuesday, April 24. As per Thursday, June 21, the company rating was downgraded by Morgan Stanley. As per Tuesday, July 24, the company rating was maintained by Bank of America. Morgan Stanley maintained the shares of MC in report on Tuesday, April 24 with “Overweight” rating. The stock of Moelis & Company (NYSE:MC) has “Hold” rating given on Thursday, April 5 by Keefe Bruyette & Woods. Bank of America maintained it with “Buy” rating and $65 target 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: Seekingalpha.com which released: “Moelis & Company (MC) CEO Kenneth Moelis on Q2 2018 Results – Earnings Call Transcript” on July 24, 2018. Also Seekingalpha.com published the news titled: “Moelis launches 5M-share public stock offering” on August 01, 2018. Themiddlemarket.com‘s news article titled: “M&A wrap: Jeffrey Katzenberg, Meg Whitman, Madrone Capital, WndrCo, NewTV, LA Rams” with publication date: August 07, 2018 was also an interesting one.

Moelis & Company (NYSE:MC) Ratings Chart

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