Teacher Retirement System of Texas decreased its stake in Mallinckrodt PLC (NYSE:MNK) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 569,611 shares of the company’s stock after selling 14 shares during the period. Teacher Retirement System of Texas’ holdings in Mallinckrodt PLC were worth $25,524,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clark Estates Inc. NY raised its position in Mallinckrodt PLC by 47.6% in the second quarter. Clark Estates Inc. NY now owns 62,000 shares of the company’s stock valued at $2,778,000 after buying an additional 20,000 shares during the period. Rice Hall James & Associates LLC raised its position in Mallinckrodt PLC by 10.5% in the second quarter. Rice Hall James & Associates LLC now owns 10,702 shares of the company’s stock valued at $480,000 after buying an additional 1,019 shares during the period. Boston Partners bought a new position in Mallinckrodt PLC during the second quarter valued at $3,390,000. Schwab Charles Investment Management Inc. raised its position in Mallinckrodt PLC by 9.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 405,655 shares of the company’s stock valued at $18,178,000 after buying an additional 35,431 shares during the period. Finally, Stoneridge Investment Partners LLC raised its position in Mallinckrodt PLC by 25.2% in the second quarter. Stoneridge Investment Partners LLC now owns 108,514 shares of the company’s stock valued at $4,863,000 after buying an additional 21,823 shares during the period. 95.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mallinckrodt PLC (NYSE:MNK) opened at 36.52 on Friday. The company has a 50-day moving average price of $43.88 and a 200 day moving average price of $45.56. Mallinckrodt PLC has a 1-year low of $36.02 and a 1-year high of $85.83. The company’s market capitalization is $3.55 billion.

Mallinckrodt PLC (NYSE:MNK) last released its earnings results on Tuesday, August 8th. The company reported $1.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.12. Mallinckrodt PLC had a return on equity of 15.28% and a net margin of 12.64%. The business had revenue of $824.50 million during the quarter, compared to the consensus estimate of $829.56 million. During the same period last year, the business posted $2.03 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. Equities research analysts anticipate that Mallinckrodt PLC will post $7.48 EPS for the current year.

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Several research firms have weighed in on MNK. Mizuho reaffirmed a “buy” rating and set a $70.00 price target (down previously from $73.00) on shares of Mallinckrodt PLC in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $65.00 price target (down previously from $69.00) on shares of Mallinckrodt PLC in a research report on Wednesday. Raymond James Financial, Inc. lowered their price target on Mallinckrodt PLC from $65.00 to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday. Deutsche Bank AG set a $56.00 price target on Mallinckrodt PLC and gave the stock a “buy” rating in a research report on Wednesday. Finally, UBS AG set a $70.00 price target on Mallinckrodt PLC and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. Mallinckrodt PLC has an average rating of “Buy” and a consensus price target of $72.44.

In other news, VP Hugh M. O’neill bought 1,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was acquired at an average cost of $40.24 per share, with a total value of $40,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Coleman N. Lannum III bought 1,350 shares of the firm’s stock in a transaction on Friday, June 2nd. The stock was purchased at an average cost of $42.89 per share, with a total value of $57,901.50. Following the completion of the transaction, the vice president now directly owns 30,955 shares of the company’s stock, valued at $1,327,659.95. The disclosure for this purchase can be found here. Insiders acquired 3,850 shares of company stock valued at $157,687 over the last three months. Company insiders own 0.77% of the company’s stock.

About Mallinckrodt PLC

Mallinckrodt public limited company develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. The Company focuses on various therapeutic areas, such as autoimmune and rare disease specialty areas, including neurology, rheumatology, nephrology, ophthalmology and pulmonology; immunotherapy and neonatal critical care respiratory therapies; analgesics and hemostasis products, and central nervous system drugs.

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Institutional Ownership by Quarter for Mallinckrodt PLC (NYSE:MNK)

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