StockNews.com assumed coverage on shares of Houlihan Lokey (NYSE:HLI – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods boosted their target price on shares of Houlihan Lokey from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.60.
Houlihan Lokey Trading Up 1.5 %
Shares of HLI opened at $90.04 on Thursday. The firm has a market capitalization of $6.18 billion, a P/E ratio of 23.88 and a beta of 0.78. Houlihan Lokey has a 12-month low of $74.18 and a 12-month high of $102.36. The firm has a fifty day moving average price of $95.34 and a 200-day moving average price of $89.80.
Institutional Trading of Houlihan Lokey
Several institutional investors and hedge funds have recently made changes to their positions in HLI. Glenmede Trust Co. NA bought a new position in Houlihan Lokey in the third quarter worth about $353,000. Sei Investments Co. raised its holdings in Houlihan Lokey by 24.0% in the second quarter. Sei Investments Co. now owns 483,880 shares of the financial services provider’s stock worth $38,192,000 after purchasing an additional 93,693 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Houlihan Lokey by 6.8% in the third quarter. Guggenheim Capital LLC now owns 10,902 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 698 shares in the last quarter. Summit Global Investments raised its holdings in Houlihan Lokey by 5.3% in the third quarter. Summit Global Investments now owns 64,610 shares of the financial services provider’s stock worth $4,870,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Houlihan Lokey by 6.3% in the second quarter. Natixis Advisors L.P. now owns 278,313 shares of the financial services provider’s stock worth $21,967,000 after purchasing an additional 16,552 shares in the last quarter. 70.74% of the stock is currently owned by institutional investors.
About Houlihan Lokey
Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.
- Get a free copy of the StockNews.com research report on Houlihan Lokey (HLI)
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