R Squared Ltd Takes $281,000 Position in Houlihan Lokey, Inc. (NYSE:HLI)

R Squared Ltd acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,617 shares of the financial services provider’s stock, valued at approximately $281,000.

Several other institutional investors have also recently made changes to their positions in the business. Fiera Capital Corp raised its position in shares of Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after buying an additional 246,705 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in shares of Houlihan Lokey during the third quarter worth $24,177,000. Charles Schwab Investment Management Inc. grew its stake in Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after acquiring an additional 149,114 shares in the last quarter. Eagle Asset Management Inc. increased its holdings in Houlihan Lokey by 23.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in Houlihan Lokey in the 4th quarter worth $21,613,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on HLI shares. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company cut their price target on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $171.00 to $200.00 in a report on Monday, December 9th. UBS Group raised their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $173.40.

Houlihan Lokey Stock Performance

NYSE HLI opened at $184.16 on Wednesday. The business’s 50 day moving average price is $179.23 and its 200-day moving average price is $166.59. Houlihan Lokey, Inc. has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The company has a market cap of $12.80 billion, a P/E ratio of 37.66 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

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.