Ccmp Capital, Lp Sells 7,545,124 Shares of Milacron Holdings Corp. (MCRN) Stock
Milacron Holdings Corp. (NYSE:MCRN) major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $16.71, for a total value of $126,079,022.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Milacron Holdings Corp. (NYSE MCRN) opened at 15.61 on Wednesday. The firm’s 50-day moving average price is $17.93 and its 200-day moving average price is $17.92. Milacron Holdings Corp. has a one year low of $12.43 and a one year high of $19.57. The company’s market cap is $1.08 billion.
Milacron Holdings Corp. (NYSE:MCRN) last released its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $309.20 million for the quarter, compared to analyst estimates of $308.25 million. During the same quarter in the previous year, the company posted $0.41 EPS. The business’s revenue was up .4% on a year-over-year basis. On average, equities research analysts forecast that Milacron Holdings Corp. will post $1.62 earnings per share for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in 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 during the period. Quotient Investors LLC bought a new stake in Milacron Holdings Corp. during the first quarter worth approximately $367,000. Nationwide Fund Advisors raised its stake in Milacron Holdings Corp. by 42.7% in the first quarter. Nationwide Fund Advisors now owns 154,957 shares of the industrial products company’s stock worth $2,884,000 after buying an additional 46,398 shares during the period. Russell Investments Group Ltd. raised its stake in Milacron Holdings Corp. by 22.8% in the first quarter. Russell Investments Group Ltd. now owns 1,011,064 shares of the industrial products company’s stock worth $18,809,000 after buying an additional 187,512 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Milacron Holdings Corp. by 1.0% in the first quarter. Wells Fargo & Company MN now owns 1,004,593 shares of the industrial products company’s stock worth $18,695,000 after buying an additional 9,894 shares during the period.
MCRN has been the topic of several recent research reports. Zacks Investment Research upgraded Milacron Holdings Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Saturday, July 1st. BidaskClub cut Milacron Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Robert W. Baird set a $23.00 target price on Milacron Holdings Corp. and gave the stock a “buy” rating in a report on Wednesday, May 17th. Finally, TheStreet upgraded Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $21.33.
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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