Virginia Retirement Systems ET AL continued to hold its stake in shares of Multi-Color Corporation (NASDAQ:LABL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,100 shares of the business services provider’s stock at the end of the second quarter. Virginia Retirement Systems ET AL’s holdings in Multi-Color Corporation were worth $253,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LABL. Teachers Advisors LLC lifted its stake in Multi-Color Corporation by 5.3% during the fourth quarter. Teachers Advisors LLC now owns 22,109 shares of the business services provider’s stock worth $1,716,000 after purchasing an additional 1,103 shares during the last quarter. Capstone Asset Management Co. lifted its stake in Multi-Color Corporation by 29.2% during the first quarter. Capstone Asset Management Co. now owns 3,979 shares of the business services provider’s stock worth $283,000 after purchasing an additional 899 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Multi-Color Corporation by 1.9% during the first quarter. Louisiana State Employees Retirement System now owns 5,400 shares of the business services provider’s stock worth $383,000 after purchasing an additional 100 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Multi-Color Corporation by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 1,460 shares of the business services provider’s stock worth $103,000 after purchasing an additional 40 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its stake in Multi-Color Corporation by 3.1% during the first quarter. Great West Life Assurance Co. Can now owns 18,006 shares of the business services provider’s stock worth $1,277,000 after purchasing an additional 549 shares during the last quarter. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Shares of Multi-Color Corporation (NASDAQ:LABL) opened at 81.80 on Tuesday. The company has a market capitalization of $1.39 billion, a PE ratio of 23.57 and a beta of 0.83. The firm has a 50-day moving average price of $78.96 and a 200-day moving average price of $77.68. Multi-Color Corporation has a 1-year low of $63.05 and a 1-year high of $88.25.

Multi-Color Corporation (NASDAQ:LABL) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The firm had revenue of $242.40 million for the quarter, compared to analysts’ expectations of $242.47 million. During the same period in the prior year, the business posted $0.95 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Multi-Color Corporation will post $3.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.24%. The ex-dividend date was Friday, August 11th. Multi-Color Corporation’s dividend payout ratio (DPR) is 5.76%.

Several brokerages recently issued reports on LABL. Zacks Investment Research upgraded Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Friday, June 2nd. BidaskClub cut Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Robert W. Baird restated a “hold” rating on shares of Multi-Color Corporation in a research note on Friday, September 1st. Finally, KeyCorp restated a “sell” rating and set a $67.00 price objective on shares of Multi-Color Corporation in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Multi-Color Corporation presently has an average rating of “Hold” and an average target price of $79.00.

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In other Multi-Color Corporation news, insider Nigel A. Vinecombe sold 25,000 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $80.23, for a total value of $2,005,750.00. Following the sale, the insider now directly owns 54,309 shares in the company, valued at $4,357,211.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 19.40% of the company’s stock.

Multi-Color Corporation Company Profile

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

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Institutional Ownership by Quarter for Multi-Color Corporation (NASDAQ:LABL)

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