Milacron Holdings Corp (MCRN) Holdings Raised by American International Group Inc.

American International Group Inc. raised its holdings in shares of Milacron Holdings Corp (NYSE:MCRN) by 29.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,147 shares of the industrial products company’s stock after purchasing an additional 8,308 shares during the quarter. American International Group Inc. owned 0.05% of Milacron worth $609,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. BNP Paribas Arbitrage SA grew its stake in Milacron by 765.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,754 shares of the industrial products company’s stock valued at $101,000 after purchasing an additional 5,089 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Milacron during the 3rd quarter valued at approximately $101,000. Victory Capital Management Inc. grew its stake in Milacron by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 1,000 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Milacron by 6.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,676 shares of the industrial products company’s stock worth $117,000 after buying an additional 379 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in Milacron during the 3rd quarter worth approximately $132,000. Hedge funds and other institutional investors own 99.73% of the company’s stock.

A number of research analysts have commented on MCRN shares. TheStreet raised Milacron from a “c” rating to a “b” rating in a report on Wednesday, December 13th. Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Milacron in a report on Wednesday, October 4th. KeyCorp reaffirmed a “buy” rating and set a $21.00 target price on shares of Milacron in a report on Friday, October 20th. BidaskClub raised Milacron from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, Zacks Investment Research raised Milacron from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.67.

In related news, CFO Bruce A. Chalmers sold 8,600 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $18.18, for a total value of $156,348.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of the firm’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 value of $175,585,488.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,218,934 shares of company stock worth $180,062,325. Company insiders own 3.40% of the company’s stock.

Milacron Holdings Corp (MCRN) opened at $18.83 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.31 and a debt-to-equity ratio of -5.41. Milacron Holdings Corp has a 1-year low of $15.09 and a 1-year high of $19.57. The company has a market capitalization of $1,310.00 and a P/E ratio of -627.67.

Milacron (NYSE:MCRN) last released its earnings results on Thursday, October 26th. The industrial products company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.02. Milacron had a negative return on equity of 56.93% and a negative net margin of 0.09%. The company had revenue of $314.70 million for the quarter, compared to the consensus estimate of $301.13 million. During the same quarter last year, the business posted $0.36 EPS. Milacron’s quarterly revenue was up 7.7% compared to the same quarter last year. sell-side analysts expect that Milacron Holdings Corp will post 1.62 earnings per share for the current year.

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About Milacron

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.

Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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