CCMP Capital GP LLC decreased its position in Milacron Holdings Corp. (NYSE:MCRN) by 38.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,519,217 shares of the industrial products company’s stock after selling 11,569,130 shares during the quarter. Milacron Holdings Corp. makes up 100.0% of CCMP Capital GP LLC’s portfolio, making the stock its biggest position. CCMP Capital GP LLC owned approximately 26.75% of Milacron Holdings Corp. worth $325,753,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of MCRN. First Trust Advisors LP raised its holdings in Milacron Holdings Corp. by 60.2% in the first quarter. First Trust Advisors LP now owns 73,103 shares of the industrial products company’s stock worth $1,360,000 after purchasing an additional 27,481 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Milacron Holdings Corp. by 16.8% in the first quarter. Bank of New York Mellon Corp now owns 96,097 shares of the industrial products company’s stock worth $1,789,000 after purchasing an additional 13,818 shares in the last quarter. Swiss National Bank raised its holdings in Milacron Holdings Corp. by 61.3% in the first quarter. Swiss National Bank now owns 50,800 shares of the industrial products company’s stock worth $945,000 after purchasing an additional 19,300 shares in the last quarter. Prudential Financial Inc. raised its holdings in Milacron Holdings Corp. by 36.5% in the first quarter. Prudential Financial Inc. now owns 32,160 shares of the industrial products company’s stock worth $598,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Stifel Financial Corp bought a new position in Milacron Holdings Corp. in the first quarter worth $1,355,000.
In other news, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $16.71, for a total value of $126,079,022.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ira G. Boots sold 101,064 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $18.25, for a total value of $1,844,418.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,707,688 shares of company stock valued at $128,897,225. Corporate insiders own 3.40% of the company’s stock.
A number of research firms have issued reports on MCRN. BidaskClub upgraded Milacron Holdings Corp. from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research downgraded Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a report on Wednesday. TheStreet upgraded Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $23.00 price objective on shares of Milacron Holdings Corp. in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.00.
Milacron Holdings Corp. (NYSE:MCRN) traded up 0.33% during trading on Friday, reaching $18.45. The company’s stock had a trading volume of 98,006 shares. The company’s market capitalization is $1.28 billion. Milacron Holdings Corp. has a 12-month low of $12.43 and a 12-month high of $19.32. The firm’s 50-day moving average price is $16.90 and its 200 day moving average price is $16.90.
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 Thomson Reuters’ consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The business had revenue of $309.20 million during the quarter, compared to analysts’ expectations of $308.25 million. During the same period in the prior year, the business earned $0.41 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts predict that Milacron Holdings Corp. will post $1.61 earnings per share for the current fiscal year.
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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