James Gentilcore Sells 35,800 Shares of Milacron Holdings Corp (MCRN) Stock

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Milacron Holdings Corp (NYSE:MCRN) Director James Gentilcore sold 35,800 shares of the stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $21.08, for a total transaction of $754,664.00. Following the completion of the sale, the director now directly owns 34,765 shares in the company, valued at $732,846.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of MCRN opened at $21.45 on Thursday. The company has a market capitalization of $1.49 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.52 and a beta of 0.75. The company has a current ratio of 2.33, a quick ratio of 1.35 and a debt-to-equity ratio of -5.73. Milacron Holdings Corp has a 1-year low of $15.42 and a 1-year high of $22.62.

Milacron (NYSE:MCRN) last announced its earnings results on Thursday, July 26th. The industrial products company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $328.10 million for the quarter, compared to the consensus estimate of $321.44 million. Milacron had a net margin of 2.85% and a negative return on equity of 85.21%. Milacron’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $0.46 earnings per share. analysts anticipate that Milacron Holdings Corp will post 1.74 EPS for the current fiscal year.

A number of brokerages have recently issued reports on MCRN. Robert W. Baird reissued a “buy” rating and issued a $27.00 price target on shares of Milacron in a report on Thursday, July 26th. Zacks Investment Research downgraded shares of Milacron from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th. Finally, TheStreet raised shares of Milacron from a “c+” rating to a “b” rating in a report on Monday, June 25th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. OppenheimerFunds Inc. raised its stake in Milacron by 26.3% in the first quarter. OppenheimerFunds Inc. now owns 13,246 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 2,756 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Milacron by 25.5% in the first quarter. BNP Paribas Arbitrage SA now owns 14,128 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 2,867 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Milacron by 31.8% in the first quarter. Xact Kapitalforvaltning AB now owns 13,267 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 3,200 shares in the last quarter. SG Americas Securities LLC raised its stake in Milacron by 34.7% in the first quarter. SG Americas Securities LLC now owns 12,820 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 3,304 shares in the last quarter. Finally, MetLife Investment Advisors LLC raised its stake in Milacron by 18.7% in the first quarter. MetLife Investment Advisors LLC now owns 30,587 shares of the industrial products company’s stock valued at $616,000 after purchasing an additional 4,814 shares in the last quarter. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Milacron Company Profile

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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