Milacron Holdings Corp. (MCRN) Upgraded by BidaskClub to Sell
BidaskClub upgraded shares of Milacron Holdings Corp. (NYSE:MCRN) from a strong sell rating to a sell rating in a research note released on Thursday.
Several other analysts also recently commented on the company. Zacks Investment Research raised Milacron Holdings Corp. from a hold rating to a buy rating and set a $20.00 price objective for the company in a research note on Saturday, July 1st. TheStreet raised Milacron Holdings Corp. from a d+ rating to a c rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Milacron Holdings Corp. has a consensus rating of Hold and a consensus price target of $21.33.
Shares of Milacron Holdings Corp. (NYSE:MCRN) opened at 16.86 on Thursday. The stock’s market cap is $1.17 billion. The stock has a 50 day moving average price of $16.25 and a 200-day moving average price of $16.25. Milacron Holdings Corp. has a 52 week low of $12.43 and a 52 week high of $19.32.
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, topping 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 business had revenue of $309.20 million during the quarter, compared to the consensus estimate of $308.25 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up .4% compared to the same quarter last year. Equities analysts predict that Milacron Holdings Corp. will post $1.61 EPS for the current fiscal year.
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In other Milacron Holdings Corp. news, Director Ira G. Boots sold 33,688 shares of Milacron Holdings Corp. stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $18.25, for a total value of $614,806.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Thomas J. Goeke acquired 65,000 shares of the stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $15.41 per share, for a total transaction of $1,001,650.00. The disclosure for this purchase can be found here. Insiders sold a total of 7,640,312 shares of company stock worth $127,667,613 over the last three months. 3.40% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MCRN. Wellington Management Group LLP raised its stake in shares of Milacron Holdings Corp. by 2,426.3% during the 1st 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 in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Milacron Holdings Corp. in the 2nd quarter valued at approximately $18,531,000. TimesSquare Capital Management LLC lifted its holdings in shares of Milacron Holdings Corp. by 49.8% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,060,200 shares of the industrial products company’s stock valued at $56,950,000 after buying an additional 1,017,200 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Milacron Holdings Corp. by 55.2% in the 1st quarter. Vanguard Group Inc. now owns 2,851,861 shares of the industrial products company’s stock valued at $53,072,000 after buying an additional 1,014,285 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Milacron Holdings Corp. by 89.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,904,790 shares of the industrial products company’s stock valued at $33,505,000 after buying an additional 900,197 shares during the period.
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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