Goldman Sachs Group Inc. raised its position in shares of Milacron Holdings Corp. (NYSE:MCRN) by 383.5% during the first quarter, Holdings Channel reports. The firm owned 55,032 shares of the industrial products company’s stock after buying an additional 43,649 shares during the period. Goldman Sachs Group Inc.’s holdings in Milacron Holdings Corp. were worth $1,024,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MCRN. Wellington Management Group LLP boosted its stake in shares of Milacron Holdings Corp. by 2,426.3% in the first quarter. Wellington Management Group LLP now owns 6,177,656 shares of the industrial products company’s stock worth $114,966,000 after buying an additional 5,933,126 shares during the period. Levin Capital Strategies L.P. boosted its stake in shares of Milacron Holdings Corp. by 17.9% in the first quarter. Levin Capital Strategies L.P. now owns 4,141,382 shares of the industrial products company’s stock worth $77,071,000 after buying an additional 629,306 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of Milacron Holdings Corp. by 49.8% in the first quarter. TimesSquare Capital Management LLC now owns 3,060,200 shares of the industrial products company’s stock worth $56,950,000 after buying an additional 1,017,200 shares during the period. Vanguard Group Inc. boosted its stake in shares of Milacron Holdings Corp. by 55.2% in the first quarter. Vanguard Group Inc. now owns 2,851,861 shares of the industrial products company’s stock worth $53,072,000 after buying an additional 1,014,285 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of 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. Institutional investors and hedge funds own 98.97% of the company’s stock.

Milacron Holdings Corp. (NYSE:MCRN) traded up 0.32% during midday trading on Friday, reaching $15.86. 1,020,856 shares of the company traded hands. The company’s 50-day moving average price is $18.03 and its 200 day moving average price is $17.97. The firm’s market capitalization is $1.10 billion. Milacron Holdings Corp. has a 12 month low of $12.43 and a 12 month high of $19.57.

Milacron Holdings Corp. (NYSE:MCRN) last announced its earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The firm had revenue of $309.20 million during the quarter, compared to the consensus estimate of $308.25 million. During the same quarter in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. On average, equities analysts anticipate that Milacron Holdings Corp. will post $1.62 earnings per share for the current year.

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A number of equities research analysts have recently commented on MCRN shares. Zacks Investment Research cut shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th. BidaskClub cut shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Robert W. Baird set a $23.00 target price on shares of Milacron Holdings Corp. and gave the company a “buy” rating in a research report on Wednesday, May 17th. Finally, TheStreet upgraded shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Milacron Holdings Corp. currently has an average rating of “Hold” and an average target price of $21.33.

In related news, Director Ira G. Boots sold 64,806 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $18.30, for a total value of $1,185,949.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jim M. Kratochvil sold 15,800 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $17.75, for a total transaction of $280,450.00. Following the completion of the transaction, the director now directly owns 23,148 shares of the company’s stock, valued at approximately $410,877. The disclosure for this sale can be found here. Insiders sold a total of 185,094 shares of company stock valued at $3,378,170 in the last three months. 3.40% of the stock is currently owned by corporate insiders.

Milacron Holdings Corp. Company Profile

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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Institutional Ownership by Quarter for Milacron Holdings Corp. (NYSE:MCRN)

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