Ccmp Capital, Lp Sells 10,974,093 Shares of Milacron Holdings Corp. (MCRN) Stock

Milacron Holdings Corp. (NYSE:MCRN) major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total transaction of $175,585,488.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Milacron Holdings Corp. (NYSE MCRN) opened at $16.92 on Thursday. The company has a market cap of $1,175.22, a P/E ratio of 10.02, a P/E/G ratio of 1.23 and a beta of 0.97. The company has a debt-to-equity ratio of -5.41, a current ratio of 2.39 and a quick ratio of 1.31. Milacron Holdings Corp. has a 52 week low of $15.09 and a 52 week high of $19.57.

Milacron Holdings Corp. (NYSE:MCRN) last issued its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The business had revenue of $314.70 million during the quarter, compared to the consensus estimate of $301.13 million. Milacron Holdings Corp. had a negative net margin of 0.09% and a negative return on equity of 56.93%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS. equities analysts expect that Milacron Holdings Corp. will post 1.62 earnings per share for the current year.

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A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in Milacron Holdings Corp. by 34.2% in the 2nd quarter. Vanguard Group Inc. now owns 3,827,393 shares of the industrial products company’s stock valued at $67,323,000 after acquiring an additional 975,532 shares during the period. Wells Fargo & Company MN increased its position in Milacron Holdings Corp. by 78.9% in the 3rd quarter. Wells Fargo & Company MN now owns 3,408,106 shares of the industrial products company’s stock valued at $57,461,000 after acquiring an additional 1,503,316 shares during the period. Westfield Capital Management Co. LP increased its position in Milacron Holdings Corp. by 71.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,809,215 shares of the industrial products company’s stock valued at $30,503,000 after acquiring an additional 755,720 shares during the period. Lord Abbett & CO. LLC increased its position in Milacron Holdings Corp. by 31.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,710,430 shares of the industrial products company’s stock valued at $30,086,000 after acquiring an additional 413,345 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Milacron Holdings Corp. by 13.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,149,472 shares of the industrial products company’s stock valued at $20,216,000 after acquiring an additional 138,408 shares during the period. 92.90% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently weighed in on MCRN. BidaskClub raised shares of Milacron Holdings Corp. from a “sell” rating to a “hold” rating in a report on Saturday, October 7th. Zacks Investment Research downgraded shares of Milacron Holdings Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. KeyCorp reaffirmed a “buy” rating and set a $21.00 price target on shares of Milacron Holdings Corp. in a report on Friday, October 20th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 price target on shares of Milacron Holdings Corp. in a report on Wednesday, October 4th. Finally, TheStreet raised shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a report on Wednesday, August 9th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $21.67.

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.

Insider Buying and Selling by Quarter for Milacron Holdings Corp. (NYSE:MCRN)

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