Pinebridge Investments L.P. grew its holdings in Multi-Color Corporation (NASDAQ:LABL) by 1.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,742 shares of the business services provider’s stock after acquiring an additional 18 shares during the quarter. Pinebridge Investments L.P.’s holdings in Multi-Color Corporation were worth $143,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Acrospire Investment Management LLC acquired a new stake in Multi-Color Corporation in the second quarter worth about $105,000. US Bancorp DE boosted its holdings in Multi-Color Corporation by 88.7% in the first quarter. US Bancorp DE now owns 1,838 shares of the business services provider’s stock worth $130,000 after acquiring an additional 864 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Multi-Color Corporation by 100.6% in the first quarter. Victory Capital Management Inc. now owns 2,293 shares of the business services provider’s stock worth $163,000 after acquiring an additional 1,150 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Multi-Color Corporation by 10.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,466 shares of the business services provider’s stock worth $175,000 after acquiring an additional 236 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Multi-Color Corporation by 79.0% in the second quarter. State of Alaska Department of Revenue now owns 2,613 shares of the business services provider’s stock worth $213,000 after acquiring an additional 1,153 shares in the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

Multi-Color Corporation (NASDAQ:LABL) opened at 84.00 on Friday. Multi-Color Corporation has a 52 week low of $63.05 and a 52 week high of $88.25. The stock has a 50 day moving average price of $80.76 and a 200 day moving average price of $78.98. The stock has a market capitalization of $1.43 billion, a PE ratio of 24.21 and a beta of 0.80.

Multi-Color Corporation (NASDAQ:LABL) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $242.40 million during the quarter, compared to analysts’ expectations of $242.47 million. Multi-Color Corporation had a return on equity of 15.85% and a net margin of 6.38%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.95 EPS. Equities analysts forecast that Multi-Color Corporation will post $3.98 EPS for the current year.

In other Multi-Color Corporation news, Chairman Nigel A. Vinecombe sold 3,081 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $82.15, for a total transaction of $253,104.15. Following the completion of the sale, the chairman now directly owns 54,309 shares of the company’s stock, valued at approximately $4,461,484.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nigel A. Vinecombe sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $80.23, for a total value of $2,005,750.00. Following the sale, the insider now directly owns 54,309 shares of the company’s stock, valued at $4,357,211.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,846 shares of company stock valued at $5,194,386. Insiders own 19.40% of the company’s stock.

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Several equities research analysts have weighed in on LABL shares. BidaskClub downgraded Multi-Color Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Robert W. Baird reissued a “hold” rating on shares of Multi-Color Corporation in a report on Friday, September 1st. Zacks Investment Research cut Multi-Color Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. BMO Capital Markets restated a “hold” rating and issued a $88.00 price objective on shares of Multi-Color Corporation in a research note on Monday, September 25th. Finally, KeyCorp restated a “sell” rating and issued a $67.00 price objective on shares of Multi-Color Corporation in a research note on Friday, August 25th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average target price of $81.00.

Multi-Color Corporation Company Profile

Multi-Color Corporation (Multi-Color) is engaged in label solutions business, supporting brands, including producers of home and personal care, wine and spirit, food and beverage, healthcare and specialty consumer products. The Company serves international brand owners in North, Central and South America, Europe, Australia, New Zealand, South Africa and China and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.

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

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