SG Americas Securities LLC grew its position in Milacron Holdings Corp (NYSE:MCRN) by 286.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 354,938 shares of the industrial products company’s stock after buying an additional 263,037 shares during the period. SG Americas Securities LLC owned approximately 0.50% of Milacron worth $5,917,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Milacron by 23.9% in the second quarter. BlackRock Inc. now owns 5,868,066 shares of the industrial products company’s stock worth $80,979,000 after buying an additional 1,133,053 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Milacron by 47.0% during the second quarter. Victory Capital Management Inc. now owns 5,107,014 shares of the industrial products company’s stock valued at $70,477,000 after purchasing an additional 1,632,985 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Milacron by 6.2% during the second quarter. Nuveen Asset Management LLC now owns 3,163,280 shares of the industrial products company’s stock valued at $43,653,000 after purchasing an additional 185,196 shares during the last quarter. Tinicum Inc raised its holdings in shares of Milacron by 0.8% during the second quarter. Tinicum Inc now owns 2,116,087 shares of the industrial products company’s stock valued at $29,202,000 after purchasing an additional 16,000 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of Milacron by 23.3% during the second quarter. Royal Bank of Canada now owns 1,727,057 shares of the industrial products company’s stock valued at $23,833,000 after purchasing an additional 326,067 shares during the last quarter. 96.40% of the stock is owned by institutional investors and hedge funds.
In other news, insider Ling An-Heid sold 9,116 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.69, for a total transaction of $152,146.04. Following the completion of the transaction, the insider now directly owns 291,550 shares of the company’s stock, valued at $4,865,969.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.40% of the stock is owned by insiders.
Separately, Robert W. Baird cut shares of Milacron from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Wednesday, July 31st.
Shares of MCRN traded down $0.07 during mid-day trading on Friday, hitting $17.06. 472,056 shares of the company traded hands, compared to its average volume of 847,521. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.69 and a current ratio of 2.70. The stock has a 50-day moving average price of $16.66 and a two-hundred day moving average price of $15.23. Milacron Holdings Corp has a 1 year low of $11.11 and a 1 year high of $17.39. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 9.58 and a beta of 1.79.
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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