Legal & General Group Plc raised its position in shares of Milacron Holdings Corp. (NYSE:MCRN) by 215.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,772 shares of the industrial products company’s stock after purchasing an additional 7,358 shares during the period. Legal & General Group Plc’s holdings in Milacron Holdings Corp. were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. bought a new position in shares of Milacron Holdings Corp. in the first quarter worth $106,000. American International Group Inc. boosted its holdings in shares of Milacron Holdings Corp. by 7.0% in the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock worth $167,000 after acquiring an additional 588 shares during the period. Pitcairn Co. boosted its holdings in shares of Milacron Holdings Corp. by 3.5% in the second quarter. Pitcairn Co. now owns 13,292 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 452 shares during the period. Gotham Asset Management LLC bought a new position in shares of Milacron Holdings Corp. in the first quarter worth $252,000. Finally, Credit Suisse AG bought a new position in shares of Milacron Holdings Corp. in the first quarter worth $301,000.
Milacron Holdings Corp. (NYSE:MCRN) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $309.20 million during the quarter, compared to the consensus estimate of $308.25 million. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. Milacron Holdings Corp.’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS.
A number of research firms have recently commented on MCRN. BidaskClub raised Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a report on Saturday, October 7th. Zacks Investment Research lowered Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a report on Wednesday. Robert W. Baird reaffirmed a “buy” rating and issued a $23.00 price target on shares of Milacron Holdings Corp. in a report on Wednesday, October 4th. Finally, TheStreet raised Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $22.00.
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In related news, Director Waters S. Iv Davis sold 48,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $15.79, for a total value of $757,920.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas J. Goeke bought 65,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $15.41 per share, with a total value of $1,001,650.00. The disclosure for this purchase can be found here. Insiders sold a total of 7,707,688 shares of company stock valued at $128,897,225 in the last ninety days. 3.40% of the stock is currently owned by insiders.
Milacron Holdings Corp. Company Profile
Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.
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