Moelis & Co (NYSE: MC) is 9.91% higher on its value in year-to-date trading and has touched a low of $46.24 and a high of $81.60 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 $79.68 in the last trading session, with the day’s gains setting it 1.52%.
Currently trading at $81.20, the stock is 5.75% and 7.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.49 million and changing 1.91% at the moment leaves the stock 23.11% off its SMA200. MC registered 47.56% gain for a year compared to 6-month gain of 33.51%. The firm has a 50-day simple moving average (SMA 50) of $75.4914 and a 200-day simple moving average (SMA200) of $65.80845.
The stock witnessed a 7.61% loss in the last 1 month and extending the period to 3 months gives it a 23.52%, and is 4.41% up 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 3.94% over the week and 2.84% over the month.
Moelis & Co (MC) has around 1161 employees, a market worth around $6.23B and $1.19B in sales. Current P/E ratio is 46.03 and Fwd P/E is 22.42. Profit margin for the company is 11.39%. Distance from 52-week low is 75.61% and -0.49% from its 52-week high. The company has generated returns on investments over the last 12 months (23.70%).
The EPS is expected to grow by 55.34% this year
443.0 institutions hold shares in Moelis & Co (MC), with institutional investors hold 103.50% of the company’s shares. The shares outstanding are 70.59M, and float is at 70.35M with Short Float at 4.61%. Institutions hold 103.09% 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 Callesano Christopher, the company’s Principal Accounting Officer. SEC filings show that Callesano Christopher sold 885 shares of the company’s common stock on Nov 07 ’24 at a price of $80.00 per share for a total of $70800.0. Following the sale, the insider now owns 0.0 shares.
Moelis & Co disclosed in a document filed with the SEC on Jul 31 ’24 that Shropshire Kenneth (Director) sold a total of 495 shares of the company’s common stock. The trade occurred on Jul 31 ’24 and was made at $69.29 per share for $34299.0. Following the transaction, the insider now directly holds 9372.0 shares of the MC stock.
Still, SEC filings show that on Jul 30 ’24, Pilcher Ciafone Katherine (Chief Operating Officer) disposed off 3,666 shares at an average price of $68.88 for $0.25 million. The insider now directly holds 0 shares of Moelis & Co (MC).
