Nisa Investment Advisors LLC Has $264,000 Holdings in Moelis & Company (NYSE:MC)

Nisa Investment Advisors LLC decreased its holdings in shares of Moelis & Company (NYSE:MC) by 11.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,573 shares of the asset manager’s stock after selling 470 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Moelis & Company were worth $264,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MC. Bank of Montreal Can lifted its position in Moelis & Company by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after buying an additional 192 shares in the last quarter. Xponance Inc. increased its position in shares of Moelis & Company by 10.5% in the second quarter. Xponance Inc. now owns 4,501 shares of the asset manager’s stock valued at $256,000 after acquiring an additional 426 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in Moelis & Company by 12.3% during the second quarter. The Manufacturers Life Insurance Company now owns 54,462 shares of the asset manager’s stock worth $3,097,000 after acquiring an additional 5,954 shares in the last quarter. Algert Global LLC acquired a new position in Moelis & Company during the second quarter valued at approximately $382,000. Finally, Sanctuary Advisors LLC bought a new position in Moelis & Company in the second quarter valued at approximately $554,000. Institutional investors own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MC. UBS Group upped their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $71.00 to $86.00 in a research report on Friday, December 20th. Wells Fargo & Company decreased their price objective on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and upped their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $70.67.

Moelis & Company Price Performance

NYSE:MC opened at $77.32 on Thursday. The company has a market cap of $5.79 billion, a P/E ratio of 145.89 and a beta of 1.39. The firm’s fifty day moving average price is $75.18 and its two-hundred day moving average price is $70.22. Moelis & Company has a one year low of $46.24 and a one year high of $81.60.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.