Brokerages Set Houlihan Lokey, Inc. (NYSE:HLI) Price Target at $183.40

Houlihan Lokey, Inc. (NYSE:HLI) has been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $183.40.

A number of equities analysts recently issued reports on HLI shares. JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their price target on Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th.

Houlihan Lokey Price Performance

HLI opened at $163.08 on Friday. The stock has a 50-day moving average price of $158.35 and a 200-day moving average price of $171.43. Houlihan Lokey has a 1 year low of $127.14 and a 1 year high of $192.10. The firm has a market cap of $11.44 billion, a PE ratio of 31.12 and a beta of 0.82.

Hedge Funds Weigh In On Houlihan Lokey

Hedge funds have recently modified their holdings of the business. Barclays PLC raised its position in Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after purchasing an additional 6,483 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Houlihan Lokey by 14.1% during the third quarter. Tidal Investments LLC now owns 16,695 shares of the financial services provider’s stock worth $2,638,000 after purchasing an additional 2,061 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in Houlihan Lokey in the third quarter valued at approximately $24,177,000. GAMMA Investing LLC raised its position in Houlihan Lokey by 21.6% in the 4th quarter. GAMMA Investing LLC now owns 1,730 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 307 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Houlihan Lokey by 5.8% during the fourth quarter. Fulton Bank N.A. now owns 7,621 shares of the financial services provider’s stock worth $1,323,000 after buying an additional 418 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.