Milacron (NYSE:MCRN) Sees Strong Trading Volume

Milacron Holdings Corp (NYSE:MCRN) shares saw an uptick in trading volume on Friday . 15,274,391 shares were traded during trading, an increase of 2,381% from the previous session’s volume of 615,701 shares.The stock last traded at $16.75 and had previously closed at $13.53.

Several brokerages have recently weighed in on MCRN. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a report on Thursday, July 4th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

The firm has a market cap of $1.18 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 2.64 and a beta of 1.77. The company has a fifty day moving average price of $13.10.

Milacron (NYSE:MCRN) last posted its earnings results on Tuesday, April 30th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $248.70 million for the quarter, compared to analyst estimates of $279.52 million. During the same quarter in the prior year, the business posted $0.40 EPS. The firm’s revenue was down 13.9% compared to the same quarter last year. As a group, research analysts predict that Milacron Holdings Corp will post 1.37 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in Milacron by 6.1% in the 4th quarter. BlackRock Inc. now owns 4,964,631 shares of the industrial products company’s stock valued at $59,030,000 after buying an additional 287,313 shares during the last quarter. Victory Capital Management Inc. increased its stake in Milacron by 14.2% in the 1st quarter. Victory Capital Management Inc. now owns 3,474,029 shares of the industrial products company’s stock valued at $39,326,000 after buying an additional 433,282 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Milacron by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,505,124 shares of the industrial products company’s stock valued at $17,896,000 after buying an additional 74,793 shares during the last quarter. American Century Companies Inc. increased its stake in Milacron by 27.1% in the 4th quarter. American Century Companies Inc. now owns 1,279,304 shares of the industrial products company’s stock valued at $15,211,000 after buying an additional 272,781 shares during the last quarter. Finally, New York State Common Retirement Fund increased its stake in Milacron by 0.4% in the 1st quarter. New York State Common Retirement Fund now owns 918,076 shares of the industrial products company’s stock valued at $10,393,000 after buying an additional 3,235 shares during the last quarter.

Milacron Company Profile (NYSE:MCRN)

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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