Zacks Investment Management Stake in Moelis & Co (MC) Decreased as Shares Declined

Moelis & Company (NYSE:MC) Corporate Logo

The stake In Moelis & Co (MC) was reduced held by Zacks Investment Management. According to 2018Q2 Securities and Exchange form the decrease is 76.29%. The company’s stock sank 11.87% while Zacks Investment Management sold 54,072 shares. The investment managers company at the end of 2018Q2 was valued at $986,000. It’s down from 70,876 at the end of the previous reported quarter. Now it had 16,804 shares held by the institutional investor . $2.49B is the MC of Moelis & Co. MC reached $42.4 during the last trading session after $0.87 change.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.

Zacks Investment Management operates about $3.45 billion and $4.60B US Long portfolio. It rose its stake in Landstar Sys Inc (NASDAQ:LSTR) by 45,718 shares to 47,606 shares, valued at $5.20M in 2018Q2, according to the filing. For a total of 532,662 shares it increased its holding in Intl Paper Co (NYSE:IP) by 83,528 shares in the quarter, and has risen its stake in Netapp Inc (NASDAQ:NTAP).

On February, 6. Investors expect Moelis & Company (NYSE:MC) to announce its quarterly earnings, according to RTT. Analysts have anticipation on stock’s earnings per share of $0.73. That’s up 40.38 % from last year’s $0.52 earnings per share. If the current earnings per share of $0.73 is accurate, MC’s profit could reach $42.92M. Analysts at Wall Street see Moelis & Company’s 17.74 % EPS growth compared to $0.62 earnings per share for last 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

Total analysts of 5 have positions in Moelis \u0026 Co (NYSE:MC) as follows: 3 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 60%. Since June 4, 2018 according to StockzIntelligence Inc Moelis \u0026 Co has 7 analyst reports. On Monday, July 16 the stock of Moelis & Company (NYSE:MC) earned “Buy” rating by Bank of America. On Monday, June 4 the stock of Moelis & Company (NYSE:MC) earned “Buy” rating by Buckingham Research. On Tuesday, October 23 the rating was maintained by UBS with “Neutral”. On Tuesday, July 24 the stock of Moelis & Company (NYSE:MC) earned “Buy” rating by Bank of America. On Monday, October 8 the firm has “Neutral” rating given by UBS. The stock rating was downgraded by Morgan Stanley to “Equal-Weight” on Thursday, June 21.

Moelis & Company (NYSE:MC) Analyst Ratings Chart

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