Channing Capital Management LLC Grows Stake in Milacron Holdings Corp (MCRN)

Channing Capital Management LLC grew its position in Milacron Holdings Corp (NYSE:MCRN) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,221,253 shares of the industrial products company’s stock after acquiring an additional 248,345 shares during the quarter. Milacron comprises 2.2% of Channing Capital Management LLC’s holdings, making the stock its 20th largest position. Channing Capital Management LLC owned 4.58% of Milacron worth $60,978,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Milacron by 13.0% during the first quarter. Wells Fargo & Company MN now owns 6,071,481 shares of the industrial products company’s stock worth $122,280,000 after buying an additional 699,905 shares in the last quarter. BlackRock Inc. lifted its position in Milacron by 16.4% during the first quarter. BlackRock Inc. now owns 3,989,632 shares of the industrial products company’s stock worth $80,351,000 after buying an additional 563,449 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Milacron by 16.9% during the first quarter. Nuveen Asset Management LLC now owns 2,314,704 shares of the industrial products company’s stock worth $46,618,000 after buying an additional 334,127 shares in the last quarter. Tinicum Inc lifted its position in Milacron by 80.2% during the first quarter. Tinicum Inc now owns 1,496,471 shares of the industrial products company’s stock worth $30,139,000 after buying an additional 665,971 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Milacron by 19.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,230,951 shares of the industrial products company’s stock worth $24,791,000 after buying an additional 196,901 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

In other news, CFO Bruce A. Chalmers sold 5,007 shares of Milacron stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $18.71, for a total value of $93,680.97. Following the completion of the sale, the chief financial officer now directly owns 148,769 shares of the company’s stock, valued at $2,783,467.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Thomas J. Goeke sold 24,736 shares of Milacron stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $18.71, for a total value of $462,810.56. Following the completion of the sale, the chief executive officer now directly owns 283,932 shares of the company’s stock, valued at $5,312,367.72. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.

MCRN stock traded up $0.08 during midday trading on Friday, hitting $19.77. 4,258 shares of the company’s stock were exchanged, compared to its average volume of 378,806. The company has a quick ratio of 1.41, a current ratio of 2.36 and a debt-to-equity ratio of -7.62. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 1.87 and a beta of 0.68. Milacron Holdings Corp has a 1-year low of $15.09 and a 1-year high of $22.62.

Milacron (NYSE:MCRN) last posted its earnings results on Thursday, April 26th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $310.40 million during the quarter, compared to analysts’ expectations of $298.15 million. Milacron had a negative return on equity of 77.35% and a net margin of 2.51%. The firm’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. sell-side analysts anticipate that Milacron Holdings Corp will post 1.84 EPS for the current year.

MCRN has been the topic of a number of analyst reports. ValuEngine downgraded Milacron from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 2nd. TheStreet raised Milacron from a “c+” rating to a “b” rating in a research note on Monday, June 25th. Finally, Zacks Investment Research raised Milacron from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, June 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.67.

Milacron Profile

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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