Trade Report: Today: Multi Packaging Solutions International Ltd. (MPSX) Insider Rick B. Smith Sold 28,553 Shares

Today: Multi Packaging Solutions International Ltd. (MPSX) Insider Rick B. Smith Sold 28,553 Shares

Multi Packaging Solutions International Ltd. (NYSE:MPSX) insider Rick B. Smith sold 28,553 shares of Multi Packaging Solutions International stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $13.98, for a total value of $399,170.94. Following the sale, the insider now owns 244,410 shares of the company’s stock, valued at approximately $3,416,851.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Multi Packaging Solutions International Ltd. (NYSE:MPSX) traded up 0.07% during trading on Monday, reaching $14.02. The company’s stock had a trading volume of 101,726 shares. The company has a 50 day moving average of $13.74 and a 200-day moving average of $14.32. Multi Packaging Solutions International Ltd. has a 12-month low of $11.00 and a 12-month high of $18.81. The stock has a market cap of $1.09 billion and a price-to-earnings ratio of 452.26.

Multi Packaging Solutions International (NYSE:MPSX) last issued its quarterly earnings results on Tuesday, November 8th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by $0.08. The company earned $407.80 million during the quarter, compared to analysts’ expectations of $425.27 million. Multi Packaging Solutions International had a return on equity of 4.57% and a net margin of 0.15%. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. Analysts forecast that Multi Packaging Solutions International Ltd. will post $0.68 EPS for the current year.

A number of hedge funds have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Multi Packaging Solutions International by 1,497.3% in the first quarter. Wellington Management Group LLP now owns 703,930 shares of the company’s stock worth $11,425,000 after buying an additional 659,860 shares during the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of Multi Packaging Solutions International by 16.0% in the second quarter. Eagle Boston Investment Management Inc. now owns 395,449 shares of the company’s stock worth $5,279,000 after buying an additional 54,613 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Multi Packaging Solutions International by 39.4% in the second quarter. American Century Companies Inc. now owns 2,685,453 shares of the company’s stock worth $35,851,000 after buying an additional 759,020 shares during the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Multi Packaging Solutions International during the second quarter worth approximately $169,000. Finally, Bank of New York Mellon Corp boosted its stake in Multi Packaging Solutions International by 23.9% in the second quarter. Bank of New York Mellon Corp now owns 44,730 shares of the company’s stock valued at $597,000 after buying an additional 8,615 shares in the last quarter. Institutional investors and hedge funds own 96.51% of the company’s stock.

MPSX has been the subject of a number of research analyst reports. Credit Suisse Group AG set a $19.00 price target on Multi Packaging Solutions International and gave the company a “buy” rating in a research report on Tuesday, August 23rd. BMO Capital Markets restated a “hold” rating on shares of Multi Packaging Solutions International in a research report on Monday, November 14th. Zacks Investment Research upgraded Multi Packaging Solutions International from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Citigroup Inc. boosted their target price on Multi Packaging Solutions International to $15.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 24th. Finally, Barclays PLC dropped their target price on Multi Packaging Solutions International from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Friday, September 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $16.44.

Multi Packaging Solutions International Company Profile

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