Algert Global LLC raised its position in Milacron Holdings Corp (NYSE:MCRN) by 30.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 62,208 shares of the industrial products company’s stock after acquiring an additional 14,340 shares during the period. Algert Global LLC owned approximately 0.09% of Milacron worth $1,260,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. acquired a new stake in shares of Milacron in the third quarter valued at about $22,486,000. American Century Companies Inc. acquired a new stake in shares of Milacron in the third quarter valued at about $20,382,000. Rothschild Asset Management Inc. acquired a new stake in shares of Milacron in the second quarter valued at about $9,667,000. Janus Henderson Group PLC lifted its stake in shares of Milacron by 10.5% in the third quarter. Janus Henderson Group PLC now owns 4,968,918 shares of the industrial products company’s stock valued at $100,621,000 after purchasing an additional 471,245 shares during the period. Finally, FMR LLC lifted its stake in shares of Milacron by 51.3% in the second quarter. FMR LLC now owns 1,263,901 shares of the industrial products company’s stock valued at $23,926,000 after purchasing an additional 428,287 shares during the period.
Shares of MCRN opened at $12.45 on Friday. The stock has a market cap of $956.80 million, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.28. Milacron Holdings Corp has a 12-month low of $12.44 and a 12-month high of $22.62.
Milacron (NYSE:MCRN) last announced its earnings results on Thursday, October 25th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $308.30 million during the quarter, compared to analysts’ expectations of $320.00 million. Milacron had a net margin of 3.07% and a negative return on equity of 87.32%. Equities analysts expect that Milacron Holdings Corp will post 1.67 EPS for the current year.
Several brokerages recently commented on MCRN. KeyCorp reduced their price objective on shares of Milacron from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday, October 26th. ValuEngine cut shares of Milacron from a “hold” rating to a “sell” rating in a research note on Thursday, October 18th. Finally, Zacks Investment Research cut shares of Milacron from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.00.
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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