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.
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.
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.
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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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