Multi Packaging Solutions International Ltd. (NYSE:MPSX) insider Rick B. Smith sold 28,553 shares of the stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $13.98, for a total transaction of $399,170.94. Following the completion of the sale, the insider now directly owns 244,410 shares of the company’s stock, valued at $3,416,851.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Multi Packaging Solutions International Ltd. (NYSE:MPSX) opened at 14.02 on Tuesday. The stock has a 50 day moving average of $13.74 and a 200-day moving average of $14.27. Multi Packaging Solutions International Ltd. has a 52-week low of $11.00 and a 52-week high of $18.81. The company has a market cap of $1.09 billion and a price-to-earnings ratio of 452.26.

Multi Packaging Solutions International (NYSE:MPSX) last posted its earnings results on Tuesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $407.80 million for the quarter, compared to analyst estimates of $425.27 million. Multi Packaging Solutions International had a return on equity of 4.57% and a net margin of 0.15%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. On average, analysts forecast that Multi Packaging Solutions International Ltd. will post $0.68 EPS for the current year.

WARNING: “Multi Packaging Solutions International Ltd. (MPSX) Insider Rick B. Smith Sells 28,553 Shares” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The correct version of this report can be viewed at https://www.thecerbatgem.com/2016/11/29/multi-packaging-solutions-international-ltd-mpsx-insider-rick-b-smith-sells-28553-shares.html.

Several institutional investors have recently bought and sold shares of the company. Aristotle Capital Boston LLC raised its position in shares of Multi Packaging Solutions International by 23.5% in the second quarter. Aristotle Capital Boston LLC now owns 303,961 shares of the company’s stock valued at $4,058,000 after buying an additional 57,863 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in shares of Multi Packaging Solutions International during the second quarter valued at about $176,000. Tower Research Capital LLC TRC acquired a new position in shares of Multi Packaging Solutions International during the second quarter valued at about $209,000. California State Teachers Retirement System raised its position in shares of Multi Packaging Solutions International by 10.6% in the second quarter. California State Teachers Retirement System now owns 44,453 shares of the company’s stock valued at $593,000 after buying an additional 4,258 shares in the last quarter. Finally, Seven Locks Capital Management LP raised its position in shares of Multi Packaging Solutions International by 31.5% in the second quarter. Seven Locks Capital Management LP now owns 476,000 shares of the company’s stock valued at $6,355,000 after buying an additional 114,056 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

A number of analysts have recently issued reports on MPSX shares. Credit Suisse Group AG lowered shares of Multi Packaging Solutions International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $19.00 to $15.30 in a research report on Wednesday, August 24th. Citigroup Inc. raised their price objective on shares of Multi Packaging Solutions International to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, August 24th. Zacks Investment Research lowered shares of Multi Packaging Solutions International from a “hold” rating to a “sell” rating in a research report on Friday, November 11th. Barclays PLC cut their price objective on shares of Multi Packaging Solutions International from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, September 2nd. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Multi Packaging Solutions International in a research report on Monday, November 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $16.44.

Multi Packaging Solutions International Company Profile

Multi Packaging Solutions International Limited is a provider of specialty packaging solutions for the consumer, healthcare and multi-media markets. The Company operates through three segments: North America, Europe and Asia. The Company’s print-based specialty packaging solutions include premium folding cartons, inserts, labels and rigid packaging across a range of substrates and finishes, which are complemented by value-added services, including design, new product development and supply chain solutions.

5 Day Chart for NYSE:MPSX

Receive News & Stock Ratings for Multi Packaging Solutions International Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Multi Packaging Solutions International Ltd. and related stocks with our FREE daily email newsletter.