Multi Packaging Solutions International Ltd. (NYSE:MPSX) insider Rick B. Smith sold 28,553 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $13.98, for a total value of $399,170.94. Following the completion of the transaction, the insider now owns 244,410 shares of the company’s stock, valued at $3,416,851.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Multi Packaging Solutions International Ltd. (NYSE:MPSX) opened at 14.02 on Tuesday. The firm’s 50-day moving average price is $13.74 and its 200-day moving average price is $14.27. Multi Packaging Solutions International Ltd. has a 52-week low of $11.00 and a 52-week high of $18.81. The firm has a market cap of $1.09 billion and a P/E ratio of 452.26.

Multi Packaging Solutions International (NYSE:MPSX) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.25 by $0.08. Multi Packaging Solutions International had a return on equity of 4.57% and a net margin of 0.15%. The company had revenue of $407.80 million for the quarter, compared to the consensus estimate of $425.27 million. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Equities research analysts expect that Multi Packaging Solutions International Ltd. will post $0.68 EPS for the current year.

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Several equities analysts recently issued reports on the company. BMO Capital Markets reiterated a “hold” rating on shares of Multi Packaging Solutions International in a research report on Monday, November 14th. Barclays PLC decreased their price objective on Multi Packaging Solutions International from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, September 2nd. Zacks Investment Research lowered Multi Packaging Solutions International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 16th. Credit Suisse Group AG lowered Multi Packaging Solutions International from a “neutral” rating to an “underperform” rating and set a $13.20 price objective for the company. in a research report on Thursday, November 10th. Finally, Citigroup Inc. upped their price target on Multi Packaging Solutions International to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Multi Packaging Solutions International currently has a consensus rating of “Hold” and a consensus target price of $16.44.

Several institutional investors have recently modified their holdings of the company. Panagora Asset Management Inc. bought a new position in shares of Multi Packaging Solutions International during the third quarter worth about $112,000. BlackRock Advisors LLC increased its stake in shares of Multi Packaging Solutions International by 11.7% in the third quarter. BlackRock Advisors LLC now owns 7,949 shares of the company’s stock worth $115,000 after buying an additional 832 shares during the last quarter. BlackRock Group LTD acquired a new stake in shares of Multi Packaging Solutions International during the second quarter worth $117,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Multi Packaging Solutions International during the second quarter worth $141,000. Finally, American International Group Inc. increased its stake in shares of Multi Packaging Solutions International by 12.8% in the second quarter. American International Group Inc. now owns 12,204 shares of the company’s stock worth $163,000 after buying an additional 1,387 shares during the last quarter. Institutional investors own 96.51% of the company’s stock.

About Multi Packaging Solutions International

Multi Packaging Solutions International Limited is a provider of specialty packaging solutions for the consumer, healthcare and multi-media markets. The Company operates through three segments: North America, Europe and Asia. The Company’s print-based specialty packaging solutions include premium folding cartons, inserts, labels and rigid packaging across a range of substrates and finishes, which are complemented by value-added services, including design, new product development and supply chain solutions.

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