New Jersey Better Educational Savings Trust held its stake in Mallinckrodt PLC (NYSE:MNK) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 7,000 shares of the company’s stock at the end of the second quarter. New Jersey Better Educational Savings Trust’s holdings in Mallinckrodt PLC were worth $314,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Mallinckrodt PLC by 4.1% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 92,084 shares of the company’s stock valued at $4,104,000 after buying an additional 3,626 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Mallinckrodt PLC by 11.3% in the first quarter. Capstone Asset Management Co. now owns 28,318 shares of the company’s stock valued at $1,262,000 after buying an additional 2,870 shares during the last quarter. Fox Run Management L.L.C. boosted its stake in shares of Mallinckrodt PLC by 96.4% in the first quarter. Fox Run Management L.L.C. now owns 11,000 shares of the company’s stock valued at $490,000 after buying an additional 5,400 shares during the last quarter. Rice Hall James & Associates LLC boosted its stake in shares of Mallinckrodt PLC by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 9,683 shares of the company’s stock valued at $432,000 after buying an additional 277 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its stake in shares of Mallinckrodt PLC by 20.9% in the first quarter. Retirement Systems of Alabama now owns 139,082 shares of the company’s stock valued at $6,199,000 after buying an additional 24,051 shares during the last quarter. 95.71% of the stock is currently owned by institutional investors.

Mallinckrodt PLC (NYSE:MNK) opened at 36.52 on Friday. The stock’s market capitalization is $3.55 billion. The firm’s 50-day moving average is $43.88 and its 200 day moving average is $45.56. Mallinckrodt PLC has a 52-week low of $36.02 and a 52-week high of $85.83.

Mallinckrodt PLC (NYSE:MNK) last posted its earnings results on Tuesday, August 8th. The company reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.12. The company had revenue of $824.50 million for the quarter, compared to analyst estimates of $829.56 million. Mallinckrodt PLC had a net margin of 12.64% and a return on equity of 15.28%. The business’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the business posted $2.03 earnings per share. On average, equities analysts forecast that Mallinckrodt PLC will post $7.48 earnings per share for the current year.

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Several brokerages recently commented on MNK. Oppenheimer Holdings, Inc. set a $70.00 target price on Mallinckrodt PLC and gave the stock a “buy” rating in a report on Friday, July 28th. Zacks Investment Research raised Mallinckrodt PLC from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BMO Capital Markets reissued a “buy” rating and set a $69.00 target price on shares of Mallinckrodt PLC in a report on Friday, July 28th. Canaccord Genuity dropped their target price on Mallinckrodt PLC from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Tuesday, May 9th. Finally, Piper Jaffray Companies set a $85.00 target price on Mallinckrodt PLC and gave the stock a “buy” rating in a report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $72.44.

In other news, VP Coleman N. Lannum III bought 1,350 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were bought at an average cost of $42.89 per share, for a total transaction of $57,901.50. Following the completion of the acquisition, the vice president now owns 30,955 shares in the company, valued at approximately $1,327,659.95. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Hugh M. O’neill bought 1,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was purchased at an average price of $40.24 per share, for a total transaction of $40,240.00. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 3,850 shares of company stock worth $157,687. Company insiders own 0.77% of the company’s stock.

Mallinckrodt PLC Company Profile

Mallinckrodt public limited company develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. The Company focuses on various therapeutic areas, such as autoimmune and rare disease specialty areas, including neurology, rheumatology, nephrology, ophthalmology and pulmonology; immunotherapy and neonatal critical care respiratory therapies; analgesics and hemostasis products, and central nervous system drugs.

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Institutional Ownership by Quarter for Mallinckrodt PLC (NYSE:MNK)

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