Houlihan Lokey (NYSE:HLI – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.
Several other equities research analysts have also weighed in on the company. The Goldman Sachs Group reduced their price objective on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Weiss Ratings lowered Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. UBS Group set a $160.00 price target on Houlihan Lokey in a research note on Thursday, May 7th. Finally, Morgan Stanley reduced their price objective on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $191.29.
Check Out Our Latest Stock Report on Houlihan Lokey
Houlihan Lokey Price Performance
Houlihan Lokey (NYSE:HLI – Get Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.16). The business had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.96 earnings per share. As a group, equities research analysts forecast that Houlihan Lokey will post 8.54 EPS for the current fiscal year.
Insider Buying and Selling
In related news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the transaction, the chairman directly owned 6,265 shares of the company’s stock, valued at $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the transaction, the general counsel directly owned 500 shares in the company, valued at $71,700. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.83% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in Houlihan Lokey by 14.4% during the first quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider’s stock worth $8,008,000 after acquiring an additional 6,253 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Houlihan Lokey by 50.0% in the first quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider’s stock valued at $4,598,000 after acquiring an additional 9,891 shares in the last quarter. Millennium Management LLC acquired a new stake in Houlihan Lokey in the 1st quarter worth about $18,964,000. Goldman Sachs Group Inc. boosted its holdings in Houlihan Lokey by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after purchasing an additional 22,553 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Houlihan Lokey during the second quarter worth approximately $1,033,000. 78.07% of the stock is owned by institutional investors and hedge funds.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.
The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.
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