Teachers Advisors LLC Has $460,000 Position in Milacron Holdings Corp. (MCRN)
Teachers Advisors LLC continued to hold its stake in Milacron Holdings Corp. (NYSE:MCRN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,700 shares of the industrial products company’s stock at the end of the fourth quarter. Teachers Advisors LLC’s holdings in Milacron Holdings Corp. were worth $460,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Wexford Capital LP acquired a new position in Milacron Holdings Corp. during the fourth quarter valued at approximately $506,000. Two Sigma Investments LP purchased a new position in shares of Milacron Holdings Corp. during the fourth quarter worth about $308,000. Finally, State Street Corp increased its position in shares of Milacron Holdings Corp. by 2.6% in the fourth quarter. State Street Corp now owns 222,615 shares of the industrial products company’s stock worth $4,144,000 after buying an additional 5,599 shares in the last quarter. 98.15% of the stock is owned by institutional investors and hedge funds.
Milacron Holdings Corp. (MCRN) traded up 0.37% on Friday, reaching $18.77. 296,304 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $17.89 and its 200 day moving average is $18.10. The stock’s market capitalization is $1.30 billion. Milacron Holdings Corp. has a 1-year low of $12.43 and a 1-year high of $19.45.
Milacron Holdings Corp. (NYSE:MCRN) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. The company had revenue of $285.40 million for the quarter, compared to analyst estimates of $270.31 million. Milacron Holdings Corp. had a negative return on equity of 52.73% and a negative net margin of 0.33%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. Analysts expect that Milacron Holdings Corp. will post $1.61 EPS for the current year.
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Several analysts have recently weighed in on MCRN shares. Zacks Investment Research raised shares of Milacron Holdings Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Wednesday, March 22nd. Robert W. Baird set a $23.00 price objective on shares of Milacron Holdings Corp. and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, BidaskClub upgraded shares of Milacron Holdings Corp. from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th.
In other Milacron Holdings Corp. news, major shareholder Ccmp Capital, Lp sold 23,138,380 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $16.51, for a total value of $382,014,653.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director James Gentilcore sold 15,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $19.14, for a total value of $287,100.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,349,774 shares of company stock worth $385,855,725. Corporate insiders own 3.40% of the company’s stock.
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.
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