Milacron Holdings Corp (NYSE:MCRN) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,982,300 shares, a growth of 64.6% from the July 31st total of 1,204,200 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,330,000 shares, the days-to-cover ratio is presently 1.5 days.

MCRN traded up $0.15 during trading hours on Friday, hitting $16.78. 38,719 shares of the stock were exchanged, compared to its average volume of 837,770. The stock has a 50-day simple moving average of $16.11 and a 200-day simple moving average of $14.21. Milacron has a 12 month low of $11.11 and a 12 month high of $22.09. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.43, a price-to-earnings-growth ratio of 3.90 and a beta of 1.79. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.70 and a quick ratio of 1.69.

Milacron (NYSE:MCRN) last announced its quarterly earnings data on Tuesday, July 30th. The industrial products company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.02. Milacron had a return on equity of 20.30% and a net margin of 2.11%. The firm had revenue of $271.40 million for the quarter, compared to analysts’ expectations of $281.73 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 10.6% on a year-over-year basis. Sell-side analysts expect that Milacron will post 1.36 EPS for the current year.

In other news, CFO Bruce A. Chalmers sold 4,993 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $16.31, for a total transaction of $81,435.83. Following the completion of the sale, the chief financial officer now owns 247,488 shares of the company’s stock, valued at $4,036,529.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its stake in Milacron by 47.0% in the second quarter. Victory Capital Management Inc. now owns 5,107,014 shares of the industrial products company’s stock valued at $70,477,000 after buying an additional 1,632,985 shares during the last quarter. BlackRock Inc. lifted its stake in Milacron by 23.9% in the second quarter. BlackRock Inc. now owns 5,868,066 shares of the industrial products company’s stock valued at $80,979,000 after buying an additional 1,133,053 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Milacron by 77.6% in the second quarter. Bank of New York Mellon Corp now owns 1,698,291 shares of the industrial products company’s stock valued at $23,436,000 after buying an additional 741,905 shares during the last quarter. Spark Investment Management LLC bought a new stake in Milacron in the first quarter valued at $4,268,000. Finally, Mesirow Financial Investment Management Equity Management bought a new stake in Milacron in the second quarter valued at $5,078,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.

MCRN has been the subject of a number of recent analyst reports. Robert W. Baird downgraded shares of Milacron from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $18.00 to $17.00 in a research report on Wednesday, July 31st. Zacks Investment Research cut Milacron from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research note on Thursday, July 4th. Finally, ValuEngine upgraded Milacron from a “sell” rating to a “hold” rating in a research note on Tuesday, July 2nd.

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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