Houlihan Lokey (NYSE:HLI) Cut to Hold at StockNews.com

Houlihan Lokey (NYSE:HLI) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

A number of other brokerages also recently weighed in on HLI. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Trading Down 1.9 %

HLI stock traded down $3.25 on Tuesday, hitting $167.43. 409,961 shares of the company’s stock traded hands, compared to its average volume of 405,432. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 31.95 and a beta of 0.69. Houlihan Lokey has a 1-year low of $121.81 and a 1-year high of $192.10. The stock has a fifty day moving average of $177.09 and a 200-day moving average of $171.15.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, equities research analysts anticipate that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Houlihan Lokey

Hedge funds and other institutional investors have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $459,000. Burgundy Asset Management Ltd. raised its position in shares of Houlihan Lokey by 1.7% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider’s stock valued at $217,393,000 after acquiring an additional 20,354 shares during the period. Novem Group bought a new position in Houlihan Lokey during the 4th quarter worth approximately $694,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Houlihan Lokey by 8.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 179,167 shares of the financial services provider’s stock valued at $31,114,000 after purchasing an additional 13,384 shares during the period. Finally, Wolverine Trading LLC bought a new stake in Houlihan Lokey in the fourth quarter valued at approximately $270,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Company Profile

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.