Insider Selling: Milacron Holdings Corp. (MCRN) Director Sells $215,865.00 in Stock
Milacron Holdings Corp. (NYSE:MCRN) Director Waters S. Iv Davis sold 13,500 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $15.99, for a total transaction of $215,865.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Waters S. Iv Davis also recently made the following trade(s):
- On Monday, September 11th, Waters S. Iv Davis sold 48,000 shares of Milacron Holdings Corp. stock. The shares were sold at an average price of $15.79, for a total transaction of $757,920.00.
Shares of Milacron Holdings Corp. (NYSE MCRN) opened at 16.35 on Friday. The stock’s 50 day moving average is $16.15 and its 200-day moving average is $17.09. The company’s market cap is $1.13 billion. Milacron Holdings Corp. has a one year low of $12.43 and a one year high of $19.32.
Milacron Holdings Corp. (NYSE:MCRN) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The business had revenue of $309.20 million for the quarter, compared to analyst estimates of $308.25 million. During the same quarter last year, the firm posted $0.41 earnings per share. The business’s revenue was up .4% compared to the same quarter last year. Equities research analysts expect that Milacron Holdings Corp. will post $1.61 earnings per share for the current year.
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A number of research analysts have issued reports on MCRN shares. BidaskClub downgraded shares of Milacron Holdings Corp. from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research raised shares of Milacron Holdings Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Saturday, July 1st. Finally, TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. Milacron Holdings Corp. has an average rating of “Hold” and an average price target of $21.33.
Hedge funds have recently added to or reduced their stakes in the business. Trexquant Investment LP purchased a new position in shares of Milacron Holdings Corp. during the first quarter valued at $440,000. Renaissance Technologies LLC purchased a new position in shares of Milacron Holdings Corp. during the first quarter valued at $1,628,000. Schwab Charles Investment Management Inc. increased its stake in shares of Milacron Holdings Corp. by 52.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 78,224 shares of the industrial products company’s stock valued at $1,456,000 after buying an additional 26,764 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Milacron Holdings Corp. by 12.3% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,981,560 shares of the industrial products company’s stock valued at $52,447,000 after buying an additional 325,470 shares during the period. Finally, Engineers Gate Manager LP purchased a new position in shares of Milacron Holdings Corp. during the second quarter valued at $1,159,000.
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.
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