Oppenheimer Asset Management Inc. boosted its position in shares of Milacron Holdings Corp (NYSE:MCRN) by 22.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,692 shares of the industrial products company’s stock after purchasing an additional 1,417 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Milacron were worth $106,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Aperio Group LLC acquired a new position in Milacron during the 2nd quarter worth $79,000. Globeflex Capital L P acquired a new position in Milacron during the 1st quarter worth $117,000. BNP Paribas Arbitrage SA lifted its holdings in Milacron by 207.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 16,038 shares of the industrial products company’s stock worth $182,000 after buying an additional 10,829 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Milacron during the 1st quarter worth $190,000. Finally, BBT Capital Management LLC acquired a new position in Milacron during the 1st quarter worth $442,000. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. Robert W. Baird downgraded Milacron from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $17.00 in a report on Wednesday, July 31st. Zacks Investment Research downgraded Milacron from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a report on Thursday, July 4th. Finally, ValuEngine upgraded shares of Milacron from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd.
In other Milacron news, CFO Bruce A. Chalmers sold 4,993 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $16.31, for a total transaction of $81,435.83. Following the completion of the sale, the chief financial officer now owns 247,488 shares in the company, valued at approximately $4,036,529.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.40% of the company’s stock.
Shares of Milacron stock traded up $0.13 on Friday, hitting $16.76. 519,783 shares of the company’s stock traded hands, compared to its average volume of 891,357. The firm’s 50-day moving average price is $16.10 and its two-hundred day moving average price is $14.23. The stock has a market capitalization of $1.17 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 3.95 and a beta of 1.79. Milacron Holdings Corp has a one year low of $11.11 and a one year high of $22.09. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.70 and a quick ratio of 1.69.
Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $271.40 million during the quarter, compared to analysts’ expectations of $281.73 million. Milacron had a net margin of 2.11% and a return on equity of 20.30%. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, analysts forecast that Milacron Holdings Corp will post 1.36 earnings per share for the current fiscal year.
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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