JPMorgan Chase & Co. increased its stake in shares of Milacron Holdings Corp (NYSE:MCRN) by 209.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 103,548 shares of the industrial products company’s stock after purchasing an additional 70,116 shares during the period. JPMorgan Chase & Co.’s holdings in Milacron were worth $1,755,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Engineers Gate Manager LP purchased a new position in shares of Milacron during the 2nd quarter worth approximately $1,159,000. FMR LLC purchased a new position in Milacron in the 2nd quarter valued at approximately $10,556,000. Northern Trust Corp boosted its position in Milacron by 146.0% in the 2nd quarter. Northern Trust Corp now owns 538,969 shares of the industrial products company’s stock valued at $9,480,000 after buying an additional 319,894 shares during the period. Voya Investment Management LLC purchased a new position in Milacron in the 2nd quarter valued at approximately $341,000. Finally, AXA boosted its position in Milacron by 20.2% in the 2nd quarter. AXA now owns 63,800 shares of the industrial products company’s stock valued at $1,122,000 after buying an additional 10,700 shares during the period. 99.73% of the stock is owned by hedge funds and other institutional investors.

In other news, CFO Bruce A. Chalmers sold 8,600 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $18.18, for a total value of $156,348.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $16.00, for a total transaction of $175,585,488.00. The disclosure for this sale can be found here. Insiders sold a total of 11,252,623 shares of company stock worth $180,703,090 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Milacron from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Friday. TheStreet raised shares of Milacron from a “c” rating to a “b” rating in a research report on Wednesday, December 13th. BidaskClub cut shares of Milacron from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. KeyCorp reissued a “buy” rating and issued a $21.00 price target on shares of Milacron in a research report on Friday, October 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $23.00 price target on shares of Milacron in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $21.50.

Milacron Holdings Corp (MCRN) opened at $18.62 on Tuesday. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. Milacron Holdings Corp has a 1 year low of $15.09 and a 1 year high of $19.57. The company has a market cap of $1,290.00 and a P/E ratio of -620.67.

Milacron (NYSE:MCRN) last issued its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Milacron had a negative net margin of 0.09% and a negative return on equity of 56.93%. The company had revenue of $314.70 million during the quarter, compared to analysts’ expectations of $301.13 million. During the same quarter last year, the company posted $0.36 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. equities research analysts forecast that Milacron Holdings Corp will post 1.62 earnings per share for the current fiscal year.

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Milacron 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 (NYSE:MCRN)

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