AlphaOne Investment Services LLC raised its position in Multi-Color Corporation (NASDAQ:LABL) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,041 shares of the business services provider’s stock after purchasing an additional 2,421 shares during the period. Multi-Color Corporation makes up about 1.2% of AlphaOne Investment Services LLC’s investment portfolio, making the stock its 26th biggest holding. AlphaOne Investment Services LLC owned about 0.32% of Multi-Color Corporation worth $4,410,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of LABL. Teachers Advisors LLC increased its stake in Multi-Color Corporation by 5.3% in the fourth quarter. Teachers Advisors LLC now owns 22,109 shares of the business services provider’s stock valued at $1,716,000 after purchasing an additional 1,103 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of 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 acquiring an additional 100 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of 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 acquiring an additional 549 shares in the last quarter. First Trust Advisors LP increased its position in shares of Multi-Color Corporation by 17.6% during the first quarter. First Trust Advisors LP now owns 50,471 shares of the business services provider’s stock worth $3,583,000 after acquiring an additional 7,554 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Multi-Color Corporation by 88.7% during the first quarter. US Bancorp DE now owns 1,838 shares of the business services provider’s stock worth $130,000 after acquiring an additional 864 shares in the last quarter. 73.33% of the stock is owned by hedge funds and other institutional investors.

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Shares of Multi-Color Corporation (NASDAQ LABL) traded up 1.44% on Wednesday, reaching $81.20. 4,242 shares of the company traded hands. Multi-Color Corporation has a one year low of $63.05 and a one year high of $88.25. The company has a market capitalization of $1.38 billion, a PE ratio of 23.40 and a beta of 0.83. The firm has a 50-day moving average price of $79.21 and a 200 day moving average price of $78.07.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.25%. Multi-Color Corporation’s dividend payout ratio (DPR) is presently 5.76%.

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

LABL has been the subject of several research reports. BidaskClub downgraded shares of Multi-Color Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Multi-Color Corporation from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Tuesday, August 15th. Robert W. Baird reissued a “hold” rating on shares of Multi-Color Corporation in a research report on Friday, September 1st. Finally, KeyCorp reissued a “sell” rating and set a $67.00 price objective on shares of Multi-Color Corporation in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $79.00.

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.

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

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