Milacron Holdings Corp. (MCRN) Downgraded to “Sell” at Zacks Investment Research
According to Zacks, “Milacron retained its fiscal 2016 guidance of 0–2% organic sales growth and adjusted EBITDA margins between 18.5% and 19.0%. Milacron’s Advanced Plastic Processing Technologies segment could experience pricing pressure in 2016. The Melt Delivery and Control Systems segment will remain fairly stable sequentially, though the timing of results may be difficult to predict as the business is fairly short cycled and customer deferrals may increase if uncertainty mounts regarding the business cycle. Further, given that more than 50% of its sales are attributable to operations outside the United States, it remains subject to currency translation risk.”
Separately, Credit Suisse Group AG restated a hold rating on shares of Milacron Holdings Corp. in a research note on Saturday, July 9th.
Shares of Milacron Holdings Corp. (NYSE:MCRN) traded up 0.58% on Tuesday, reaching $15.60. 5,219 shares of the company’s stock traded hands. Milacron Holdings Corp. has a one year low of $11.56 and a one year high of $19.07. The company’s 50-day moving average price is $16.26 and its 200 day moving average price is $16.09. The firm has a market cap of $1.06 billion, a P/E ratio of 40.00 and a beta of 0.52.
Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Milacron Holdings Corp. had a net margin of 2.28% and a negative return on equity of 54.02%. The company earned $308.10 million during the quarter, compared to analyst estimates of $303.17 million. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Milacron Holdings Corp. will post $1.49 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCRN. TimesSquare Capital Management LLC acquired a new position in Milacron Holdings Corp. during the first quarter valued at approximately $21,153,000. Lord Abbett & CO. LLC acquired a new position in Milacron Holdings Corp. during the second quarter valued at approximately $15,243,000. Emerald Acquisition Ltd. acquired a new position in Milacron Holdings Corp. during the second quarter valued at approximately $12,221,000. Levin Capital Strategies L.P. increased its position in Milacron Holdings Corp. by 28.8% in the second quarter. Levin Capital Strategies L.P. now owns 3,134,480 shares of the company’s stock valued at $45,482,000 after buying an additional 700,099 shares during the period. Finally, Adage Capital Partners GP L.L.C. increased its position in Milacron Holdings Corp. by 26.7% in the second quarter. Adage Capital Partners GP L.L.C. now owns 1,009,023 shares of the company’s stock valued at $14,641,000 after buying an additional 212,781 shares during the period. 99.19% of the stock is owned by institutional investors.
About Milacron Holdings Corp.
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 (Fluids).
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