Milacron Holdings Corp. (MCRN) Shares Bought by Axa
Axa lifted its position in Milacron Holdings Corp. (NYSE:MCRN) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,800 shares of the industrial products company’s stock after purchasing an additional 10,700 shares during the quarter. Axa owned approximately 0.09% of Milacron Holdings Corp. worth $1,122,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Nationwide Fund Advisors lifted its position in Milacron Holdings Corp. by 42.7% during the 1st quarter. Nationwide Fund Advisors now owns 154,957 shares of the industrial products company’s stock worth $2,884,000 after acquiring an additional 46,398 shares during the period. First Trust Advisors LP lifted its position in Milacron Holdings Corp. by 60.2% during the 1st quarter. First Trust Advisors LP now owns 73,103 shares of the industrial products company’s stock worth $1,360,000 after acquiring an additional 27,481 shares during the period. Bank of New York Mellon Corp lifted its position in Milacron Holdings Corp. by 16.8% during the 1st quarter. Bank of New York Mellon Corp now owns 96,097 shares of the industrial products company’s stock worth $1,789,000 after acquiring an additional 13,818 shares during the period. Swiss National Bank lifted its position in Milacron Holdings Corp. by 61.3% during the 1st quarter. Swiss National Bank now owns 50,800 shares of the industrial products company’s stock worth $945,000 after acquiring an additional 19,300 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Milacron Holdings Corp. during the 1st quarter worth approximately $440,000.
In other Milacron Holdings Corp. news, CEO Thomas J. Goeke acquired 65,000 shares of Milacron Holdings Corp. stock in a transaction dated Monday, August 21st. The stock was acquired at an average cost of $15.41 per share, for a total transaction of $1,001,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $16.71, for a total value of $126,079,022.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,640,312 shares of company stock valued at $127,667,613. Insiders own 3.40% of the company’s stock.
Shares of Milacron Holdings Corp. (NYSE MCRN) opened at 16.34 on Friday. The firm’s 50-day moving average price is $16.25 and its 200-day moving average price is $16.25. The firm’s market capitalization is $1.13 billion. Milacron Holdings Corp. has a 52-week low of $12.43 and a 52-week high of $19.32.
Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.05. The business had revenue of $309.20 million during the quarter, compared to the consensus estimate 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 business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Milacron Holdings Corp. will post $1.61 earnings per share for the current fiscal year.
A number of research firms have weighed in on MCRN. BidaskClub cut Milacron Holdings Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. TheStreet raised Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research cut Milacron Holdings Corp. from a “buy” rating to a “hold” rating in a research 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’s stock. The company presently has an average rating of “Hold” and an average target price of $21.33.
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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