Milacron Holdings Corp. (NYSE:MCRN) Short Interest Up 248.4% in June

Milacron Holdings Corp. (NYSE:MCRN) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 2,167,254 shares, an increase of 248.4% from the June 15th total of 622,081 shares. Currently, 4.3% of the company’s shares are short sold. Based on an average trading volume of 921,937 shares, the short-interest ratio is presently 2.4 days.

Shares of Milacron Holdings Corp. (MCRN) traded down 0.26% during midday trading on Wednesday, reaching $15.57. 353,379 shares of the company’s stock traded hands. Milacron Holdings Corp. has a 1-year low of $12.43 and a 1-year high of $19.57. The stock’s market capitalization is $1.08 billion. The firm’s 50-day moving average price is $17.93 and its 200 day moving average price is $17.92.

Milacron Holdings Corp. (NYSE:MCRN) last announced its quarterly earnings data on Thursday, July 27th. The industrial products company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.05. Milacron Holdings Corp. had a negative net margin of 0.57% and a negative return on equity of 53.40%. The company had revenue of $309.20 million for the quarter, compared to the consensus estimate of $308.25 million. During the same period in the prior year, the firm posted $0.41 EPS. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts predict that Milacron Holdings Corp. will post $1.62 earnings per share for the current fiscal year.

In other Milacron Holdings Corp. news, Director Jim M. Kratochvil sold 15,800 shares of the firm’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $17.75, for a total value of $280,450.00. Following the completion of the sale, the director now owns 23,148 shares of the company’s stock, valued at $410,877. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Ccmp Capital, Lp sold 7,545,124 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $16.71, for a total transaction of $126,079,022.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,730,218 shares of company stock valued at $129,457,192. 3.40% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in MCRN. Bronfman E.L. Rothschild L.P. increased its stake in shares of Milacron Holdings Corp. by 5.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 6,297 shares of the industrial products company’s stock worth $117,000 after buying an additional 300 shares in the last quarter. Pitcairn Co. increased its position in Milacron Holdings Corp. by 3.5% in the second quarter. Pitcairn Co. now owns 13,292 shares of the industrial products company’s stock worth $234,000 after buying an additional 452 shares during the period. American International Group Inc. increased its position in Milacron Holdings Corp. by 7.0% in the first quarter. American International Group Inc. now owns 8,950 shares of the industrial products company’s stock worth $167,000 after buying an additional 588 shares during the period. Victory Capital Management Inc. increased its position in Milacron Holdings Corp. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 6,678 shares of the industrial products company’s stock worth $117,000 after buying an additional 1,000 shares during the period. Finally, Stifel Financial Corp increased its position in Milacron Holdings Corp. by 3.3% in the second quarter. Stifel Financial Corp now owns 75,418 shares of the industrial products company’s stock worth $1,326,000 after buying an additional 2,404 shares during the period.

MCRN has been the topic of a number of research reports. Zacks Investment Research raised shares of Milacron Holdings Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Saturday, July 1st. BidaskClub lowered shares of Milacron Holdings Corp. from a “strong-buy” rating to a “buy” rating in a report on Friday, June 23rd. Robert W. Baird set a $23.00 target price on shares of Milacron Holdings Corp. and gave the company a “buy” rating in a research note on Wednesday, May 17th. Finally, TheStreet upgraded shares of Milacron Holdings Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $21.33.

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Milacron Holdings Corp. 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.

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