There has been some selling insider activity on Milacron Holdings Corp. (NYSE:MCRN) recently. Director Ira G. Boots disclosed the sale of 64,806 shares of (MCRN). The shares were sold on June 8th for an average price of $18.30. Boots now owns $0 of the stock according to the SEC filing. Jim M. Kratochvil, Director sold $284,242 worth of shares at an average price of $17.99 on June 2nd. That brings Kratochvil’s holdings to $132,191 as reported to the SEC.
President and COO Ronald M. Krisanda sold 21,260 shares at an average price of $18.00 on Fri the 2nd. That brings the President and COO’s holdings to $1,359,918 per an SEC filing yesterday.
Milacron Holdings Corp., launched on March 16, 2012, is involved 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. The Company has a product portfolio that includes hot runner systems, injection molding, blow molding and extrusion equipment. It produces process control systems, mold bases and components, and maintenance, repair and operating (MRO) supplies and fluid technology. As of December 31, 2016, the Business’s products were sold in over 100 countries across six continents. Its customers include original equipment manufacturers (OEMs), molders and mold-makers. Its customer base covers a range of end-market applications, including packaging, automotive, medical, construction, consumer goods and electronics..
These funds have also shifted positions in (MCRN). Levin Capital Strategies, L.p. bolstered its ownership by buying 617,406 shares an increase of 17.6%. Levin Capital Strategies, L.p. claims 4,129,482 shares worth $76,850,000. The total value of its holdings increased 17.5%. Morgan Stanley reduced its stake by shedding 50 shares a decrease of 29.2% in the quarter. Morgan Stanley owns 121 shares valued at $2,000. The value of the position overall is down by 33.3%.
As of quarter end Goldman Sachs Group Inc had bought a total of 43,649 shares growing its stake by 383.5%. The value of the investment in MCRN increased from $212,000 to $1,024,000 increasing 383.0% quarter to quarter. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp trimmed its position by shedding 2,170,751 shares a decrease of 27.2% from 12/31/2016 to 03/31/2017. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management Corp now controls 5,801,748 shares with a value of $107,971,000. The total value of its holdings decreased 27.3%.
On March 3 Baird held the stock rating at “Outperform” but raised the price target from $17.00 to $18.00. October 5 investment analysts at Barclays made no change to the stock rating of “Overweight” but moved down the price target to $21.00 from $25.00.
On August 4, 2015 JP Morgan started covering the stock giving it an initial rating of “Neutral” and setting a price target of $20.00. Equity analyst Bank of America starting coverage on the stock with an initial rating of “Buy” and a price target of $23.00.
Credit Suisse starting coverage on MCRN by announcing an initial rating of “Neutral” and price target of $23.00. On August 4 analysts at Baird added the stock to its research portfolio with a rating of “Outperform” and projecting a price target of $24.00.
The company is now unchanged from yesterday’s close of $18.7. Company chares are trading at $18.70 marginally over the 50 day moving average of $17.79 and just a bit higher than the 200 day moving average of $18.02. The 50 day moving average was up by +5.12% and the 200 day average moved up $0.68.
In the latest earnings report the EPS was $-0.06 and is projected to be $1.60 for the current year with 69,089,000 shares currently outstanding. Next quarter’s EPS is expected be $0.42 with next year’s EPS projected to be $1.74.