Andra AP fonden raised its position in shares of Mallinckrodt PLC (NYSE:MNK) by 12.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,300 shares of the company’s stock after purchasing an additional 4,500 shares during the period. Andra AP fonden’s holdings in Mallinckrodt PLC were worth $1,806,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. raised its stake in shares of Mallinckrodt PLC by 1.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 15,900 shares of the company’s stock worth $712,000 after purchasing an additional 209 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Mallinckrodt PLC by 3.6% during the 1st quarter. Profund Advisors LLC now owns 6,399 shares of the company’s stock worth $285,000 after purchasing an additional 220 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Mallinckrodt PLC by 4.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 8,525 shares of the company’s stock worth $382,000 after purchasing an additional 374 shares in the last quarter. Amalgamated Bank raised its stake in shares of Mallinckrodt PLC by 6.2% during the 1st quarter. Amalgamated Bank now owns 7,625 shares of the company’s stock worth $340,000 after purchasing an additional 447 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Mallinckrodt PLC by 18.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the company’s stock worth $143,000 after purchasing an additional 500 shares in the last quarter. 97.48% of the stock is owned by institutional investors.

In other Mallinckrodt PLC news, insider Meredith B. Fischer acquired 1,280 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were purchased at an average price of $39.63 per share, for a total transaction of $50,726.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Hugh M. O’neill acquired 1,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was acquired at an average price of $40.24 per share, for a total transaction of $40,240.00. The disclosure for this purchase can be found here. Insiders acquired 3,280 shares of company stock worth $130,846 in the last 90 days. Corporate insiders own 0.53% of the company’s stock.

Mallinckrodt PLC (NYSE MNK) opened at 41.17 on Tuesday. The company’s market capitalization is $4.00 billion. The firm has a 50-day moving average price of $41.15 and a 200 day moving average price of $44.41. Mallinckrodt PLC has a 12 month low of $35.04 and a 12 month high of $77.42.

Mallinckrodt PLC (NYSE:MNK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.73 by $0.12. Mallinckrodt PLC had a return on equity of 15.28% and a net margin of 12.64%. The firm had revenue of $824.50 million during the quarter, compared to analysts’ expectations of $829.56 million. During the same period in the prior year, the firm posted $2.03 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Analysts expect that Mallinckrodt PLC will post $7.44 EPS for the current year.

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A number of equities research analysts have recently weighed in on the company. UBS AG reaffirmed a “buy” rating and set a $70.00 price target (down from $100.00) on shares of Mallinckrodt PLC in a research note on Thursday, June 29th. They noted that the move was a valuation call. BMO Capital Markets reaffirmed an “outperform” rating and set a $65.00 price target (down from $69.00) on shares of Mallinckrodt PLC in a research note on Wednesday, August 9th. BidaskClub downgraded Mallinckrodt PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Deutsche Bank AG set a $56.00 price target on Mallinckrodt PLC and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, Raymond James Financial, Inc. cut their price target on Mallinckrodt PLC from $65.00 to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company. Mallinckrodt PLC presently has an average rating of “Buy” and a consensus target price of $68.99.

About Mallinckrodt PLC

Mallinckrodt public limited company develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. The Company focuses on various therapeutic areas, such as autoimmune and rare disease specialty areas, including neurology, rheumatology, nephrology, ophthalmology and pulmonology; immunotherapy and neonatal critical care respiratory therapies; analgesics and hemostasis products, and central nervous system drugs.

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Institutional Ownership by Quarter for Mallinckrodt PLC (NYSE:MNK)

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