Nichols Asset Management Lowers stake in Multi-Color Corporation (LABL)

Multi-Color Corporation (LABL) : Nichols Asset Management reduced its stake in Multi-Color Corporation by 0.8% during the most recent quarter end. The investment management company now holds a total of 138,250 shares of Multi-Color Corporation which is valued at $7,777,945 after selling 1,108 shares in Multi-Color Corporation , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Multi-Color Corporation makes up approximately 1.68% of Nichols Asset Management’s portfolio.

Multi-Color Corporation opened for trading at $60.67 and hit $61.34 on the upside on Wednesday, eventually ending the session at $61.18, with a gain of 7.28% or 4.15 points. The heightened volatility saw the trading volume jump to 4,00,352 shares. Company has a market cap of $1,028 M.

Other Hedge Funds, Including , Ami Asset Management Corp boosted its stake in LABL in the latest quarter, The investment management firm added 19,789 additional shares and now holds a total of 181,863 shares of Multi-Color Corporation which is valued at $10,231,612. Multi-Color Corporation makes up approx 0.68% of Ami Asset Management Corp’s portfolio.Independent Portfolio Consultants boosted its stake in LABL in the latest quarter, The investment management firm added 1,465 additional shares and now holds a total of 8,390 shares of Multi-Color Corporation which is valued at $462,960. Multi-Color Corporation makes up approx 0.13% of Independent Portfolio Consultants’s portfolio. Denali Advisors sold out all of its stake in LABL during the most recent quarter. The investment firm sold 21 shares of LABL which is valued $1,159. Fenimore Asset Management Inc added LABL to its portfolio by purchasing 98,580 company shares during the most recent quarter which is valued at $5,135,032. Multi-Color Corporation makes up approx 0.26% of Fenimore Asset Management Inc’s portfolio.

Multi-Color Corporation (Multi-Color) is engaged in label solutions business supporting brands including producers of home and personal care wine and spirit food and beverage healthcare and specialty consumer products. The Company serves international brand owners in North Central and South America Europe Australia New Zealand South Africa and China with a range of label technologies in Pressure Sensitive Glue-Applied (Cut and Stack) In-Mold Shrink Sleeve and Heat Transfer. The Company also provides a range of print methods including flexographic lithographic rotogravure letterpress and digital plus in-house prepress services. The Company provides graphics and pre-press services for its customers at all of its manufacturing locations. These services include the conversion of customer digital files and artwork into proofs production of print layouts and printing plates and product mock ups and samples for market research.

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