Milacron Holdings Corp. (MCRN) Director Waters S. Iv Davis Sells 48,000 Shares

Milacron Holdings Corp. (NYSE:MCRN) Director Waters S. Iv Davis sold 48,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $15.79, for a total transaction of $757,920.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Milacron Holdings Corp. (NYSE:MCRN) traded up 1.19% during trading on Tuesday, hitting $16.09. 176,412 shares of the stock were exchanged. The stock’s 50 day moving average is $16.64 and its 200-day moving average is $17.69. The stock’s market cap is $1.11 billion. Milacron Holdings Corp. has a 12-month low of $12.43 and a 12-month high of $19.57.

Milacron Holdings Corp. (NYSE:MCRN) last posted its earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. The firm had revenue of $309.20 million during the quarter, compared to analysts’ expectations of $308.25 million. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The company’s revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Milacron Holdings Corp. will post $1.61 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece was originally posted by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright laws. The correct version of this piece can be read at https://sportsperspectives.com/2017/09/12/milacron-holdings-corp-mcrn-director-waters-s-iv-davis-sells-48000-shares.html.

Several institutional investors have recently modified their holdings of MCRN. BNP Paribas Arbitrage SA lifted its stake in shares of Milacron Holdings Corp. by 765.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock worth $101,000 after buying an additional 5,089 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Milacron Holdings Corp. in the first quarter worth $106,000. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Milacron Holdings Corp. by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,297 shares of the industrial products company’s stock worth $117,000 after buying an additional 300 shares during the last quarter. American International Group Inc. lifted its stake in shares of Milacron Holdings Corp. by 7.0% in the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock worth $167,000 after buying an additional 588 shares during the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Milacron Holdings Corp. in the second quarter worth $185,000.

MCRN has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of Milacron Holdings Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Robert W. Baird set a $23.00 price target on shares of Milacron Holdings Corp. and gave the stock a “buy” rating in a research note on Wednesday, May 17th. TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Milacron Holdings Corp. presently has a consensus rating of “Hold” and an average target price of $21.33.

About Milacron Holdings Corp.

Milacron Holdings Corp. is engaged in the manufacture, distribution, and service of engineered and customized systems used in the plastic technology and processing industry. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies.

Insider Buying and Selling by Quarter for Milacron Holdings Corp. (NYSE:MCRN)

Receive News & Ratings for Milacron Holdings Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Milacron Holdings Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply