Penn Capital Management Co. Inc. reduced its stake in shares of Milacron Holdings Corp (NYSE:MCRN) by 1.1% during the 1st quarter, Holdings Channel reports. The firm owned 799,676 shares of the industrial products company’s stock after selling 8,891 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Milacron were worth $9,703,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in Milacron by 51.5% during the first quarter. California Public Employees Retirement System now owns 180,444 shares of the industrial products company’s stock worth $2,043,000 after buying an additional 61,321 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Milacron by 14.2% in the first quarter. Victory Capital Management Inc. now owns 3,474,029 shares of the industrial products company’s stock worth $39,326,000 after purchasing an additional 433,282 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Milacron in the first quarter worth approximately $471,000. Bank of Montreal Can grew its holdings in shares of Milacron by 156.3% in the first quarter. Bank of Montreal Can now owns 254,024 shares of the industrial products company’s stock worth $2,875,000 after purchasing an additional 154,909 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Milacron in the first quarter worth approximately $3,852,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Milacron from a “hold” rating to a “strong sell” rating in a report on Monday, March 11th. Robert W. Baird cut their target price on shares of Milacron from $24.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, February 21st. Finally, ValuEngine upgraded shares of Milacron from a “strong sell” rating to a “sell” rating in a report on Friday, April 19th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.00.

In related news, VP Hugh C. Odonnell sold 3,021 shares of Milacron stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.03, for a total value of $42,384.63. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Ling An-Heid sold 5,855 shares of Milacron stock in a transaction on Monday, March 4th. The shares were sold at an average price of $14.03, for a total transaction of $82,145.65. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

Shares of Milacron stock traded down $0.12 on Wednesday, hitting $13.06. The stock had a trading volume of 1,800 shares, compared to its average volume of 619,295. Milacron Holdings Corp has a one year low of $11.11 and a one year high of $22.09. The stock has a market capitalization of $916.52 million, a price-to-earnings ratio of 7.32, a P/E/G ratio of 1.87 and a beta of 1.55.

Milacron (NYSE:MCRN) last issued its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Milacron had a net margin of 2.91% and a negative return on equity of 74.38%. The firm had revenue of $248.70 million for the quarter, compared to analysts’ expectations of $279.52 million. During the same quarter last year, the business earned $0.40 earnings per share. The business’s revenue was down 13.9% on a year-over-year basis. Analysts forecast that Milacron Holdings Corp will post 1.39 earnings per share for the current year.

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Milacron Company Profile

Milacron Holdings Corp. manufactures, distributes, and services engineered and customized systems within the plastic technology and processing industry in the United States and internationally. The company operates through three segments: Advanced Plastic Processing Technologies (APPT), Melt Delivery and Control Systems (MDCS), and Fluid Technologies (Fluids).

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Institutional Ownership by Quarter for Milacron (NYSE:MCRN)

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