Milacron Holdings Corp (NYSE:MCRN) insider Ling An-Heid sold 9,116 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $16.69, for a total value of $152,146.04. Following the sale, the insider now owns 291,550 shares in the company, valued at approximately $4,865,969.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE MCRN opened at $17.16 on Thursday. The stock’s 50 day moving average price is $16.64 and its two-hundred day moving average price is $15.21. Milacron Holdings Corp has a 52-week low of $11.11 and a 52-week high of $17.39. The stock has a market capitalization of $1.20 billion, a P/E ratio of 11.22 and a beta of 1.79. The company has a quick ratio of 1.69, a current ratio of 2.70 and a debt-to-equity ratio of 1.60.
Separately, Robert W. Baird cut Milacron from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $18.00 to $17.00 in a research note on Wednesday, July 31st.
A number of hedge funds and other institutional investors have recently made changes to their positions in MCRN. First Trust Advisors LP raised its stake in Milacron by 370.5% during the first quarter. First Trust Advisors LP now owns 99,957 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 78,712 shares in the last quarter. James Investment Research Inc. grew its holdings in shares of Milacron by 6.2% during the second quarter. James Investment Research Inc. now owns 47,755 shares of the industrial products company’s stock valued at $659,000 after purchasing an additional 2,780 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Milacron by 915.4% during the second quarter. SG Americas Securities LLC now owns 91,901 shares of the industrial products company’s stock valued at $1,268,000 after purchasing an additional 82,850 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new position in shares of Milacron during the second quarter valued at approximately $5,078,000. Finally, Aperio Group LLC bought a new position in shares of Milacron during the second quarter valued at approximately $79,000. Hedge funds and other institutional investors own 96.40% of the company’s stock.
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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