Houlihan Lokey (NYSE:HLI) Stock Rating Lowered by StockNews.com

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

HLI has been the subject of a number of other reports. Morgan Stanley lifted their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. UBS Group lifted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report 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 report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Trading Up 2.1 %

Shares of Houlihan Lokey stock opened at $187.34 on Wednesday. The company’s fifty day simple moving average is $178.31 and its 200-day simple moving average is $168.05. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 35.75 and a beta of 0.69. Houlihan Lokey has a 1 year low of $121.81 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted 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 net margin of 16.00% and a return on equity of 20.04%. As a group, research analysts forecast that Houlihan Lokey will post 5.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Houlihan Lokey

A number of hedge funds and other institutional investors have recently bought and sold shares of HLI. Raymond James Financial Inc. acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $143,559,000. Fiera Capital Corp increased its position in shares of Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after purchasing an additional 246,705 shares during the last quarter. Jennison Associates LLC increased its position in shares of Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after purchasing an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $24,177,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Houlihan Lokey by 33.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

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.