Northern Trust Corp lowered its stake in shares of Multi-Color Co. (NASDAQ:LABL) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 179,001 shares of the business services provider’s stock after selling 354 shares during the quarter. Northern Trust Corp’s holdings in Multi-Color were worth $6,281,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Advisor Group Inc. grew its holdings in Multi-Color by 10.7% during the 4th quarter. Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock worth $72,000 after acquiring an additional 199 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Multi-Color by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 7,537 shares of the business services provider’s stock worth $264,000 after acquiring an additional 294 shares during the last quarter. Texas Permanent School Fund grew its holdings in Multi-Color by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 9,130 shares of the business services provider’s stock worth $320,000 after acquiring an additional 360 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Multi-Color by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,634 shares of the business services provider’s stock worth $302,000 after acquiring an additional 982 shares during the last quarter. Finally, Teachers Advisors LLC grew its holdings in Multi-Color by 4.1% during the 3rd quarter. Teachers Advisors LLC now owns 26,722 shares of the business services provider’s stock worth $1,663,000 after acquiring an additional 1,057 shares during the last quarter. 69.28% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on LABL. BidaskClub raised shares of Multi-Color from a “hold” rating to a “buy” rating in a research note on Thursday, February 7th. Sidoti lowered shares of Multi-Color from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 12th. Robert W. Baird lowered shares of Multi-Color from an “outperform” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research note on Wednesday, February 27th. Zacks Investment Research raised shares of Multi-Color from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, ValuEngine raised shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $57.75.

Shares of NASDAQ LABL opened at $49.89 on Thursday. The stock has a market capitalization of $1.02 billion, a PE ratio of 13.27 and a beta of 1.37. The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.43 and a current ratio of 1.93. Multi-Color Co. has a 1 year low of $29.95 and a 1 year high of $71.94.

Multi-Color (NASDAQ:LABL) last issued its earnings results on Monday, February 11th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.28). The business had revenue of $397.00 million during the quarter, compared to the consensus estimate of $409.65 million. Multi-Color had a net margin of 4.33% and a return on equity of 10.84%. Analysts expect that Multi-Color Co. will post 3.68 EPS for the current year.

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About Multi-Color

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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Institutional Ownership by Quarter for Multi-Color (NASDAQ:LABL)

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