Milacron Holdings Corp. (NYSE:MCRN) major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $16.00, for a total transaction of $175,585,488.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Milacron Holdings Corp. (MCRN) traded down $0.09 during trading on Thursday, hitting $17.90. 450,532 shares of the stock traded hands, compared to its average volume of 510,867. The company has a debt-to-equity ratio of -5.41, a quick ratio of 1.31 and a current ratio of 2.39. Milacron Holdings Corp. has a fifty-two week low of $15.09 and a fifty-two week high of $19.57. The stock has a market cap of $1,257.13, a PE ratio of 10.72, a P/E/G ratio of 1.32 and a beta of 0.94.
Milacron (NYSE:MCRN) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. The business had revenue of $314.70 million for the quarter, compared to analysts’ expectations of $301.13 million. During the same period in the previous year, the company posted $0.36 EPS. Milacron’s revenue was up 7.7% on a year-over-year basis. research analysts anticipate that Milacron Holdings Corp. will post 1.62 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its holdings in shares of Milacron by 765.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after acquiring an additional 5,089 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Milacron during the 3rd quarter valued at $101,000. Victory Capital Management Inc. grew its holdings in shares of Milacron by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 1,000 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Milacron by 6.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 379 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Milacron during the 3rd quarter valued at $132,000. Institutional investors and hedge funds own 99.73% of the company’s stock.
Several analysts have issued reports on the stock. BidaskClub downgraded shares of Milacron from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. TheStreet raised shares of Milacron from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of Milacron in a research note on Wednesday, October 4th. Zacks Investment Research downgraded shares of Milacron from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. Finally, KeyCorp reissued a “buy” rating and set a $21.00 target price on shares of Milacron in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Milacron has a consensus rating of “Buy” and an average target price of $21.67.
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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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