Milacron Holdings Corp. (MCRN) Short Interest Down 29.6% in August
Milacron Holdings Corp. (NYSE:MCRN) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,117,741 shares, a decline of 29.6% from the August 15th total of 1,588,060 shares. Based on an average daily volume of 460,014 shares, the short-interest ratio is currently 2.4 days. Currently, 1.9% of the company’s stock are short sold.
In other Milacron Holdings Corp. news, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of Milacron Holdings Corp. stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $16.71, for a total transaction of $126,079,022.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira G. Boots sold 33,688 shares of Milacron Holdings Corp. stock in a transaction on Friday, July 7th. The shares were sold at an average price of $18.25, for a total value of $614,806.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,640,312 shares of company stock valued at $127,667,613. 3.40% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Milacron Holdings Corp. in the first quarter valued at $106,000. BNP Paribas Arbitrage SA raised 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 valued at $101,000 after acquiring an additional 5,089 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Milacron Holdings Corp. by 6.0% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock valued at $117,000 after acquiring an additional 379 shares in the last quarter. American International Group Inc. raised 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 valued at $167,000 after acquiring an additional 588 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Milacron Holdings Corp. in the second quarter valued at $185,000.
Milacron Holdings Corp. (NYSE MCRN) opened at 16.34 on Friday. The stock has a 50 day moving average price of $16.25 and a 200-day moving average price of $16.25. The stock’s market capitalization 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 announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $309.20 million for the quarter, compared to analysts’ expectations of $308.25 million. Milacron Holdings Corp. had a negative return on equity of 53.40% and a negative net margin of 0.57%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. Analysts anticipate that Milacron Holdings Corp. will post $1.61 earnings per share for the current year.
A number of brokerages have recently issued reports on MCRN. BidaskClub downgraded Milacron Holdings Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. TheStreet upgraded Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Milacron Holdings Corp. has a consensus rating of “Hold” and a consensus target price of $21.33.
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Milacron Holdings Corp. Company Profile
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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