Silver Capital Management Lowers stake in Milacron Holdings Corp (MCRN)

Milacron Holdings Corp (MCRN) : Silver Capital Management reduced its stake in Milacron Holdings Corp by 24.9% during the most recent quarter end. The investment management company now holds a total of 42,646 shares of Milacron Holdings Corp which is valued at $730,526 after selling 14,139 shares in Milacron Holdings Corp , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Milacron Holdings Corp makes up approximately 3.88% of Silver Capital Management’s portfolio.

Milacron Holdings Corp closed down -0.05 points or -0.29% at $17.08 with 2,09,327 shares getting traded on Monday. Post opening the session at $17.26, the shares hit an intraday low of $16.78 and an intraday high of $17.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Quantitative Systematic Strategies sold out all of its stake in MCRN during the most recent quarter. The investment firm sold 21,006 shares of MCRN which is valued $372,016.Bnp Paribas Arbitrage Sa reduced its stake in MCRN by selling 1,747 shares or 93.37% in the most recent quarter. The Hedge Fund company now holds 124 shares of MCRN which is valued at $2,196.

On the company’s financial health, Milacron Holdings Corp reported $0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Mar 2, 2016. Analyst had a consensus of $0.16. The company had revenue of $306.30 million for the quarter, compared to analysts expectations of $301.81 million. The company’s revenue was down -4.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Milacron Holdings Corp. manufactures distributes and services engineered and customized systems within the plastic technology and processing industry. The Company’s product portfolio includes hot runner systems injection molding blow molding and extrusion equipment. The Company operates through three segments: Advanced Plastic Processing Technologies (APPT) Melt Delivery and Control Systems (MDCS) and Fluid Technologies (Fluids). Its APPT segment designs manufactures and sells injection extrusion and blow molding equipment co-injection systems and related parts and services. The Company’s MDCS segment designs manufactures and sells hot runner and process control systems mold bases and components and sells maintenance repair and operations (MRO) supplies. Its Fluids segment is a manufacturer of synthetic and semi-synthetic lubricants and coolants used in various industrial metalworking applications.

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