Milacron Holdings Corp. (MCRN) Shares Bought by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky boosted its stake in Milacron Holdings Corp. (NYSE:MCRN) by 117.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,524 shares of the industrial products company’s stock after purchasing an additional 26,224 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.07% of Milacron Holdings Corp. worth $854,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new stake in shares of Milacron Holdings Corp. during the 2nd quarter valued at $1,159,000. Renaissance Technologies LLC bought a new stake in shares of Milacron Holdings Corp. during the 1st quarter valued at $1,628,000. Schwab Charles Investment Management Inc. grew its position in shares of Milacron Holdings Corp. by 52.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 78,224 shares of the industrial products company’s stock valued at $1,456,000 after acquiring an additional 26,764 shares during the period. Federated Investors Inc. PA bought a new stake in shares of Milacron Holdings Corp. during the 2nd quarter valued at $8,471,000. Finally, AXA grew its position in shares of Milacron Holdings Corp. by 20.2% during the 2nd quarter. AXA now owns 63,800 shares of the industrial products company’s stock valued at $1,122,000 after acquiring an additional 10,700 shares during the period.
In related news, Director Waters S. Iv Davis sold 48,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $15.79, for a total transaction of $757,920.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Thomas J. Goeke purchased 65,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $15.41 per share, for a total transaction of $1,001,650.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 7,707,688 shares of company stock worth $128,897,225. 3.40% of the stock is owned by company insiders.
Shares of Milacron Holdings Corp. (MCRN) opened at 18.39 on Friday. The company’s market cap is $1.27 billion. Milacron Holdings Corp. has a 12 month low of $12.43 and a 12 month high of $19.32. The stock’s 50 day moving average is $16.90 and its 200-day moving average is $16.90.
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 the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The company had revenue of $309.20 million for the quarter, compared to analyst estimates of $308.25 million. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The firm’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business earned $0.41 earnings per share. On average, equities analysts forecast that Milacron Holdings Corp. will post $1.61 EPS for the current year.
A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Milacron Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Robert W. Baird reissued a “buy” rating and set a $23.00 price objective on shares of Milacron Holdings Corp. in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating and three have issued a buy rating to the company. Milacron Holdings Corp. has an average rating of “Buy” and an average price target of $22.00.
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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