South Dakota Investment Council trimmed its holdings in shares of Mallinckrodt PLC (NYSE:MNK) by 92.0% in the second quarter, Holdings Channel reports. The institutional investor owned 10,800 shares of the company’s stock after selling 123,641 shares during the period. South Dakota Investment Council’s holdings in Mallinckrodt were worth $99,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mason Street Advisors LLC lifted its holdings in Mallinckrodt by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 44,405 shares of the company’s stock worth $965,000 after buying an additional 765 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Mallinckrodt by 4.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 45,088 shares of the company’s stock valued at $414,000 after purchasing an additional 2,003 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Mallinckrodt by 0.8% in the 1st quarter. Rhumbline Advisers now owns 267,983 shares of the company’s stock valued at $5,826,000 after purchasing an additional 2,019 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Mallinckrodt by 4.0% in the 1st quarter. Texas Permanent School Fund now owns 56,699 shares of the company’s stock valued at $1,233,000 after purchasing an additional 2,180 shares during the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Mallinckrodt by 1,239.3% in the 2nd quarter. Parallel Advisors LLC now owns 3,000 shares of the company’s stock valued at $28,000 after purchasing an additional 2,776 shares during the last quarter.

Shares of Mallinckrodt stock traded up $0.13 during trading hours on Friday, hitting $3.12. 214,444 shares of the company’s stock traded hands, compared to its average volume of 11,905,633. The stock has a 50 day simple moving average of $4.57 and a 200-day simple moving average of $12.66. The company has a quick ratio of 0.57, a current ratio of 0.78 and a debt-to-equity ratio of 1.57. The company has a market cap of $325.95 million, a PE ratio of 0.39, a PEG ratio of 0.04 and a beta of 2.42. Mallinckrodt PLC has a twelve month low of $1.43 and a twelve month high of $32.50.

Mallinckrodt (NYSE:MNK) last announced its earnings results on Tuesday, August 6th. The company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.43. The company had revenue of $823.30 million during the quarter, compared to the consensus estimate of $817.55 million. Mallinckrodt had a positive return on equity of 18.96% and a negative net margin of 111.46%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm earned $2.16 earnings per share. As a group, equities research analysts predict that Mallinckrodt PLC will post 8.48 EPS for the current year.

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Mallinckrodt from $22.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, May 24th. Piper Jaffray Companies cut Mallinckrodt from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $39.00 to $9.00 in a report on Thursday, May 30th. Morgan Stanley set a $5.00 price target on Mallinckrodt and gave the stock a “hold” rating in a research note on Friday, August 9th. Berenberg Bank reissued a “sell” rating and set a $5.00 price target (down previously from $10.00) on shares of Mallinckrodt in a research note on Tuesday, May 21st. Finally, BMO Capital Markets reaffirmed a “market perform” rating on shares of Mallinckrodt in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.19.

Mallinckrodt Company Profile

Mallinckrodt plc, together with its subsidiaries, develops, manufactures, markets, and distributes specialty pharmaceutical products and therapies in the United States, Europe, the Middle East, Africa, and internationally. It operates in two segments, Specialty Brands, and Specialty Generics and Amitiza.

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Institutional Ownership by Quarter for Mallinckrodt (NYSE:MNK)

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