Multi-Color Corporation (NASDAQ:LABL) CEO Michael Julian Henry bought 1,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of $71.03 per share, with a total value of $71,030.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Multi-Color Corporation (LABL) traded up $0.65 during mid-day trading on Wednesday, hitting $72.45. The company had a trading volume of 116,300 shares, compared to its average volume of 73,726. The company has a current ratio of 1.96, a quick ratio of 1.48 and a debt-to-equity ratio of 1.13. Multi-Color Corporation has a twelve month low of $63.05 and a twelve month high of $88.25. The company has a market cap of $1,467.64, a P/E ratio of 19.94 and a beta of 0.78.
Multi-Color Corporation (NASDAQ:LABL) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.11 by ($0.05). Multi-Color Corporation had a return on equity of 15.52% and a net margin of 6.10%. The business had revenue of $256.03 million for the quarter, compared to the consensus estimate of $246.61 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. Multi-Color Corporation’s quarterly revenue was up 10.3% compared to the same quarter last year. analysts anticipate that Multi-Color Corporation will post 3.85 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. TIAA CREF Investment Management LLC lifted its position in shares of Multi-Color Corporation by 2.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,387 shares of the business services provider’s stock worth $2,969,000 after buying an additional 1,040 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Multi-Color Corporation by 5.8% in the 1st quarter. Thrivent Financial For Lutherans now owns 7,450 shares of the business services provider’s stock worth $529,000 after purchasing an additional 410 shares in the last quarter. Swiss National Bank increased its holdings in Multi-Color Corporation by 8.1% in the 2nd quarter. Swiss National Bank now owns 24,000 shares of the business services provider’s stock worth $1,958,000 after purchasing an additional 1,800 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Multi-Color Corporation by 7.9% in the 3rd quarter. Fisher Asset Management LLC now owns 44,040 shares of the business services provider’s stock worth $3,609,000 after purchasing an additional 3,234 shares in the last quarter. Finally, BlackRock Inc. increased its holdings in Multi-Color Corporation by 125,662.5% in the 1st quarter. BlackRock Inc. now owns 1,607,245 shares of the business services provider’s stock worth $114,113,000 after purchasing an additional 1,605,967 shares in the last quarter. Institutional investors and hedge funds own 60.66% of the company’s stock.
LABL has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Multi-Color Corporation from a “hold” rating to a “strong-buy” rating and set a $96.00 target price for the company in a research report on Wednesday, October 11th. BMO Capital Markets restated a “hold” rating and set a $88.00 price objective on shares of Multi-Color Corporation in a research report on Wednesday, October 25th. Finally, Robert W. Baird restated a “hold” rating and set a $80.00 price objective on shares of Multi-Color Corporation in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $82.75.
Multi-Color Corporation Company Profile
Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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