King Luther Capital Management Corp lifted its holdings in Multi-Color Co. (NASDAQ:LABL) by 628.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,178 shares of the business services provider’s stock after purchasing an additional 96,788 shares during the quarter. King Luther Capital Management Corp’s holdings in Multi-Color were worth $6,983,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of LABL. Eaton Vance Management increased its position in shares of Multi-Color by 1.8% during the third quarter. Eaton Vance Management now owns 320,462 shares of the business services provider’s stock worth $19,949,000 after acquiring an additional 5,740 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Multi-Color by 17.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,097,094 shares of the business services provider’s stock worth $68,294,000 after acquiring an additional 163,494 shares during the period. FMR LLC increased its position in shares of Multi-Color by 1.7% during the third quarter. FMR LLC now owns 2,045,320 shares of the business services provider’s stock worth $127,322,000 after acquiring an additional 33,538 shares during the period. BlackRock Inc. increased its position in shares of Multi-Color by 4.3% during the third quarter. BlackRock Inc. now owns 2,018,673 shares of the business services provider’s stock worth $125,662,000 after acquiring an additional 83,135 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Multi-Color by 4.1% during the third quarter. Bank of New York Mellon Corp now owns 182,664 shares of the business services provider’s stock worth $11,371,000 after acquiring an additional 7,273 shares during the period. 73.12% of the stock is owned by hedge funds and other institutional investors.

A number of analysts have recently weighed in on LABL shares. ValuEngine raised Multi-Color from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. KeyCorp lowered Multi-Color from a “sector weight” rating to an “underweight” rating and set a $57.00 price objective on the stock. in a research report on Wednesday, August 15th. BidaskClub lowered Multi-Color from a “sell” rating to a “strong sell” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research lowered Multi-Color from a “buy” rating to a “sell” rating in a report on Wednesday, August 22nd. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.60.

NASDAQ:LABL opened at $40.45 on Friday. The firm has a market capitalization of $835.06 million, a P/E ratio of 10.00 and a beta of 0.77. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.42 and a current ratio of 1.84. Multi-Color Co. has a 12 month low of $39.60 and a 12 month high of $89.70.

Multi-Color (NASDAQ:LABL) last posted its earnings results on Tuesday, November 6th. The business services provider reported $1.18 EPS for the quarter, beating the consensus estimate of $1.14 by $0.04. The firm had revenue of $435.00 million for the quarter, compared to analyst estimates of $453.46 million. Multi-Color had a return on equity of 11.35% and a net margin of 4.99%. Multi-Color’s revenue for the quarter was up 69.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.06 earnings per share. Analysts predict that Multi-Color Co. will post 4.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, December 1st. Investors of record on Thursday, November 15th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.49%. The ex-dividend date was Wednesday, November 14th. Multi-Color’s dividend payout ratio (DPR) is presently 5.32%.

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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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