Moelis & Co (NYSE: MC) is 18.33% higher on its value in year-to-date trading and has touched a low of $38.58 and a high of $71.34 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The MC stock was last observed hovering at around $66.44 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $66.42, the stock is -1.54% and 1.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing -0.03% at the moment leaves the stock 14.80% off its SMA200. MC registered 52.16% gain for a year compared to 6-month gain of 19.22%. The firm has a 50-day simple moving average (SMA 50) of $65.7624 and a 200-day simple moving average (SMA200) of $57.90035.
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The stock witnessed a 3.22% loss in the last 1 month and extending the period to 3 months gives it a 14.36%, and is -4.03% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.43% over the week and 2.73% over the month.
Moelis & Co (MC) has around 1161 employees, a market worth around $4.67B and $969.13M in sales. Current P/E ratio is 425.77 and Fwd P/E is 27.43. Profit margin for the company is 1.38%. Distance from 52-week low is 72.16% and -6.90% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
The EPS is expected to grow by 626.66% this year
389.0 institutions hold shares in Moelis & Co (MC), with institutional investors hold 105.36% of the company’s shares. The shares outstanding are 70.36M, and float is at 70.12M with Short Float at 6.42%. Institutions hold 104.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 8.15 million shares valued at $463.63 million. The investor’s holdings represent 11.3015 of the MC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.15 million shares valued at $463.39 million to account for 11.2955 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 7.19 million shares representing 9.9658 and valued at over $408.84 million, while LONDON CO OF VIRGINIA holds 5.0209 of the shares totaling 3.62 million with a market value of $205.98 million.
Moelis & Co (MC) Insider Activity
The most recent transaction is an insider sale by Shropshire Kenneth, the company’s Director. SEC filings show that Shropshire Kenneth sold 495 shares of the company’s common stock on Jul 31 ’24 at a price of $69.29 per share for a total of $34299.0. Following the sale, the insider now owns 9372.0 shares.
Moelis & Co disclosed in a document filed with the SEC on Jul 30 ’24 that Pilcher Ciafone Katherine (Chief Operating Officer) sold a total of 3,666 shares of the company’s common stock. The trade occurred on Jul 30 ’24 and was made at $68.88 per share for $0.25 million. Following the transaction, the insider now directly holds 0.0 shares of the MC stock.
Still, SEC filings show that on Jul 30 ’24, MOELIS KENNETH (Chairman, CEO) disposed off 93,506 shares at an average price of $68.87 for $6.44 million. The insider now directly holds 6,494 shares of Moelis & Co (MC).
