Lingohr & Partner Asset Management GmbH Invests $332,000 in Mallinckrodt PLC (MNK) Stock
Lingohr & Partner Asset Management GmbH bought a new position in shares of Mallinckrodt PLC (NYSE:MNK) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 15,470 shares of the company’s stock, valued at approximately $332,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can lifted its stake in shares of Mallinckrodt by 22.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 69,807 shares of the company’s stock worth $1,515,000 after buying an additional 12,890 shares during the last quarter. 361 Capital LLC bought a new position in Mallinckrodt during the first quarter worth about $2,530,000. LSV Asset Management increased its position in Mallinckrodt by 1.4% during the first quarter. LSV Asset Management now owns 4,149,268 shares of the company’s stock worth $90,205,000 after acquiring an additional 58,300 shares during the period. Mason Street Advisors LLC increased its position in Mallinckrodt by 1.8% during the first quarter. Mason Street Advisors LLC now owns 44,405 shares of the company’s stock worth $965,000 after acquiring an additional 765 shares during the period. Finally, Affinity Investment Advisors LLC increased its position in Mallinckrodt by 23.9% during the first quarter. Affinity Investment Advisors LLC now owns 18,651 shares of the company’s stock worth $405,000 after acquiring an additional 3,597 shares during the period.
MNK stock opened at $9.10 on Friday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.08 and a current ratio of 1.45. Mallinckrodt PLC has a 12 month low of $8.45 and a 12 month high of $36.65. The stock has a market capitalization of $827.24 million, a price-to-earnings ratio of 1.14, a PEG ratio of 0.10 and a beta of 2.12.
A number of equities analysts recently commented on MNK shares. Canaccord Genuity set a $40.00 price target on shares of Mallinckrodt and gave the stock a “buy” rating in a research report on Monday, March 18th. Morgan Stanley set a $32.00 price target on shares of Mallinckrodt and gave the stock a “hold” rating in a research report on Thursday, February 28th. Mizuho raised their price target on shares of Mallinckrodt to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, February 28th. ValuEngine raised shares of Mallinckrodt from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, SunTrust Banks started coverage on shares of Mallinckrodt in a research report on Tuesday, March 19th. They set a “hold” rating and a $23.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $26.72.
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Mallinckrodt Company Profile
Mallinckrodt plc, together with its subsidiaries, develops, manufactures, markets, and distributes specialty pharmaceutical products and therapies in the United States, Europe, the Middle East, Africa, and internationally. It operates in two segments, Specialty Brands, and Specialty Generics and Amitiza.
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