Goldman Sachs Group Inc. Increases Holdings in Multi-Color Co. (LABL)

Goldman Sachs Group Inc. grew its position in Multi-Color Co. (NASDAQ:LABL) by 34.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,951 shares of the business services provider’s stock after acquiring an additional 8,965 shares during the quarter. Goldman Sachs Group Inc. owned 0.17% of Multi-Color worth $2,616,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in LABL. SG Americas Securities LLC bought a new stake in shares of Multi-Color in the 3rd quarter worth approximately $129,000. Stone Ridge Asset Management LLC bought a new stake in shares of Multi-Color in the 4th quarter worth approximately $201,000. Magnetar Financial LLC bought a new stake in shares of Multi-Color in the 3rd quarter worth approximately $203,000. Teacher Retirement System of Texas bought a new stake in shares of Multi-Color in the 4th quarter worth approximately $367,000. Finally, Renaissance Group LLC bought a new stake in shares of Multi-Color in the 4th quarter worth approximately $408,000. Institutional investors own 65.84% of the company’s stock.

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In related news, COO Oliver Apel bought 1,100 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $66.68 per share, for a total transaction of $73,348.00. Following the transaction, the chief operating officer now directly owns 1,100 shares of the company’s stock, valued at $73,348. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ari J. Benacerraf bought 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were bought at an average price of $65.20 per share, with a total value of $260,800.00. The disclosure for this purchase can be found here. 19.40% of the stock is owned by company insiders.

A number of brokerages have commented on LABL. BidaskClub upgraded Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research upgraded Multi-Color from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird cut their target price on Multi-Color from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Wednesday, February 7th. Sidoti upgraded Multi-Color from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Monday, March 5th. Finally, BMO Capital Markets cut their target price on Multi-Color from $88.00 to $75.00 and set a “market perform” rating for the company in a research report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $77.40.

Multi-Color stock opened at $67.95 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.94 and a debt-to-equity ratio of 2.21. The company has a market cap of $1,396.24, a P/E ratio of 18.84 and a beta of 0.87. Multi-Color Co. has a one year low of $61.90 and a one year high of $89.70.

Multi-Color (NASDAQ:LABL) last posted its earnings results on Tuesday, February 6th. The business services provider reported $0.71 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.01). The company had revenue of $352.70 million for the quarter, compared to the consensus estimate of $346.37 million. Multi-Color had a return on equity of 13.02% and a net margin of 6.08%. Multi-Color’s quarterly revenue was up 67.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.70 EPS. equities research analysts forecast that Multi-Color Co. will post 3.71 EPS for the current fiscal year.

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Multi-Color Company Profile

Multi-Color Corporation provides various label solutions. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; shrink sleeve labels; cut and stack glue-applied labels comprising peel-away promotional labels, thermochromics, holographics, and metalized films; and promotional products, such as scratch-off coupons, static-clings, and tags.

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Institutional Ownership by Quarter for Multi-Color (NASDAQ:LABL)

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