OppenheimerFunds Inc. Invests $201,000 in Milacron Holdings Corp (MCRN) Stock

OppenheimerFunds Inc. purchased a new stake in shares of Milacron Holdings Corp (NYSE:MCRN) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 10,490 shares of the industrial products company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in Milacron during the 3rd quarter valued at about $101,000. Quantbot Technologies LP bought a new stake in Milacron during the 3rd quarter valued at about $132,000. Highbridge Capital Management LLC bought a new stake in Milacron during the 3rd quarter valued at about $215,000. Sei Investments Co. increased its stake in Milacron by 207.4% during the 3rd quarter. Sei Investments Co. now owns 13,296 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 8,971 shares in the last quarter. Finally, US Bancorp DE increased its stake in Milacron by 95.8% during the 4th quarter. US Bancorp DE now owns 12,948 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 6,335 shares in the last quarter.

How to Become a New Pot Stock Millionaire

Shares of Milacron stock opened at $20.03 on Friday. Milacron Holdings Corp has a 12 month low of $15.09 and a 12 month high of $22.62. The company has a market cap of $1,398.76, a P/E ratio of 11.85, a PEG ratio of 1.98 and a beta of 0.56. The company has a quick ratio of 1.43, a current ratio of 2.30 and a debt-to-equity ratio of -5.90.

Milacron (NYSE:MCRN) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.08. Milacron had a net margin of 0.09% and a negative return on equity of 62.36%. The firm had revenue of $324.90 million during the quarter, compared to analyst estimates of $302.91 million. During the same period in the previous year, the business posted $0.47 earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. research analysts anticipate that Milacron Holdings Corp will post 1.87 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Milacron from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. TheStreet lowered shares of Milacron from a “b” rating to a “c” rating in a research note on Friday, January 26th. ValuEngine upgraded shares of Milacron from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 20th. Finally, KeyCorp reiterated a “buy” rating and issued a $24.00 price target on shares of Milacron in a research note on Friday, February 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Milacron currently has a consensus rating of “Buy” and an average target price of $24.00.

In other news, CEO Thomas J. Goeke sold 7,800 shares of Milacron stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $21.09, for a total value of $164,502.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Bruce A. Chalmers sold 2,054 shares of the firm’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $21.12, for a total transaction of $43,380.48. The disclosure for this sale can be found here. Insiders sold 105,232 shares of company stock valued at $2,088,200 over the last quarter. Company insiders own 3.40% of the company’s stock.

WARNING: “OppenheimerFunds Inc. Invests $201,000 in Milacron Holdings Corp (MCRN) Stock” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3299468/oppenheimerfunds-inc-invests-201000-in-milacron-holdings-corp-mcrn-stock.html.

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.

Want to see what other hedge funds are holding MCRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Milacron Holdings Corp (NYSE:MCRN).

Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

Receive News & Ratings for Milacron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Milacron and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

MFA Financial, Inc.  Receives $8.50 Consensus PT from Analysts
MFA Financial, Inc. Receives $8.50 Consensus PT from Analysts
Analysts Expect Iron Mountain  Will Post Earnings of $0.50 Per Share
Analysts Expect Iron Mountain Will Post Earnings of $0.50 Per Share
Head-To-Head Contrast: Build-A-Bear Workshop  & Michaels Companies
Head-To-Head Contrast: Build-A-Bear Workshop & Michaels Companies
NuCana  Receives Consensus Recommendation of “Strong Buy” from Analysts
NuCana Receives Consensus Recommendation of “Strong Buy” from Analysts
Critical Comparison: Multi-Color  versus Man Wah
Critical Comparison: Multi-Color versus Man Wah
Head to Head Comparison: Kingstone Companies  and Its Competitors
Head to Head Comparison: Kingstone Companies and Its Competitors


© 2006-2018 Ticker Report. Google+.