Balter Liquid Alternatives LLC Acquires Shares of 25,076 Milacron Holdings Corp (MCRN)

Balter Liquid Alternatives LLC acquired a new stake in shares of Milacron Holdings Corp (NYSE:MCRN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 25,076 shares of the industrial products company’s stock, valued at approximately $480,000.

A number of other large investors also recently made changes to their positions in MCRN. Schwab Charles Investment Management Inc. raised its stake in Milacron by 133.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 182,957 shares of the industrial products company’s stock valued at $3,219,000 after buying an additional 104,733 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Milacron by 555.5% during the second quarter. JPMorgan Chase & Co. now owns 33,432 shares of the industrial products company’s stock valued at $588,000 after buying an additional 28,332 shares during the last quarter. Alliancebernstein L.P. raised its stake in Milacron by 307.5% during the second quarter. Alliancebernstein L.P. now owns 54,600 shares of the industrial products company’s stock valued at $960,000 after buying an additional 41,200 shares during the last quarter. Teachers Advisors LLC raised its stake in Milacron by 227.1% during the second quarter. Teachers Advisors LLC now owns 80,791 shares of the industrial products company’s stock valued at $1,421,000 after buying an additional 56,091 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Milacron by 315.1% during the second quarter. TIAA CREF Investment Management LLC now owns 150,678 shares of the industrial products company’s stock valued at $2,650,000 after buying an additional 114,375 shares during the last quarter.

In related news, major shareholder Ccmp Capital, Lp sold 10,974,093 shares of Milacron stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $16.00, for a total transaction of $175,585,488.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Bruce A. Chalmers sold 8,600 shares of Milacron stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $18.18, for a total value of $156,348.00. The disclosure for this sale can be found here. Insiders sold 11,127,448 shares of company stock valued at $178,428,227 in the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

A number of research firms have commented on MCRN. Zacks Investment Research raised Milacron from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a report on Monday, January 22nd. TheStreet lowered Milacron from a “b” rating to a “c” rating in a report on Friday, January 26th. Finally, BidaskClub lowered Milacron from a “buy” rating to a “hold” rating in a report on Tuesday, November 14th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Milacron has a consensus rating of “Buy” and an average price target of $22.00.

Shares of Milacron Holdings Corp (NYSE MCRN) opened at $18.75 on Monday. The company has a quick ratio of 1.31, a current ratio of 2.39 and a debt-to-equity ratio of -5.41. Milacron Holdings Corp has a fifty-two week low of $15.09 and a fifty-two week high of $19.57. The company has a market capitalization of $1,301.56, a price-to-earnings ratio of 11.10, a P/E/G ratio of 1.25 and a beta of 0.84.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://stocknewstimes.com/2018/02/19/25076-shares-in-milacron-holdings-corp-mcrn-acquired-by-balter-liquid-alternatives-llc.html.

Milacron Company Profile

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.

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

Leave a Reply