Dimensional Fund Advisors LP lowered its position in shares of Multi-Color Corp. (NASDAQ:LABL) by 1.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 641,807 shares of the company’s stock after selling 8,352 shares during the period. Dimensional Fund Advisors LP owned about 3.82% of Multi-Color Corp. worth $40,689,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in shares of Multi-Color Corp. by 6.4% in the second quarter. California State Teachers Retirement System now owns 28,501 shares of the company’s stock valued at $1,807,000 after buying an additional 1,724 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Multi-Color Corp. by 7.4% in the second quarter. PNC Financial Services Group Inc. now owns 63,041 shares of the company’s stock valued at $3,998,000 after buying an additional 4,364 shares in the last quarter. Third Avenue Management LLC boosted its stake in shares of Multi-Color Corp. by 36.6% in the first quarter. Third Avenue Management LLC now owns 129,533 shares of the company’s stock valued at $6,911,000 after buying an additional 34,691 shares in the last quarter. Swiss National Bank boosted its stake in shares of Multi-Color Corp. by 2.9% in the second quarter. Swiss National Bank now owns 21,400 shares of the company’s stock valued at $1,357,000 after buying an additional 600 shares in the last quarter. Finally, Stanley Laman Group Ltd. purchased a new stake in shares of Multi-Color Corp. during the second quarter valued at $218,000. Institutional investors own 75.06% of the company’s stock.
Multi-Color Corp. (NASDAQ:LABL) opened at 64.12 on Friday. Multi-Color Corp. has a 12 month low of $40.16 and a 12 month high of $79.05. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 21.66 and a beta of 1.02. The company’s 50-day moving average price is $66.69 and its 200 day moving average price is $62.49.
Multi-Color Corp. (NASDAQ:LABL) last released its earnings results on Tuesday, August 9th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.07. The business earned $236.50 million during the quarter, compared to the consensus estimate of $233.04 million. Multi-Color Corp. had a net margin of 5.65% and a return on equity of 16.78%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. Analysts predict that Multi-Color Corp. will post $3.61 EPS for the current year.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Multi-Color Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 3rd. Singular Research boosted their price target on Multi-Color Corp. from $67.00 to $70.00 and gave the stock a “buy – long-term” rating in a research report on Wednesday, August 17th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Multi-Color Corp. has a consensus rating of “Buy” and a consensus price target of $67.00.
In other Multi-Color Corp. news, COO David G. Buse sold 4,000 shares of the stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $68.32, for a total value of $273,280.00. Following the completion of the sale, the chief operating officer now owns 14,800 shares in the company, valued at $1,011,136. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Sharon E. Birkett sold 5,000 shares of the stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $68.40, for a total transaction of $342,000.00. Following the completion of the sale, the chief financial officer now owns 4,061 shares of the company’s stock, valued at approximately $277,772.40. The disclosure for this sale can be found here. 20.20% of the stock is currently owned by company insiders.
About Multi-Color Corp.
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 and Southeast Asia with a range of label technologies in Pressure Sensitive, Glue-Applied (Cut and Stack), In-Mold, Shrink Sleeve and Heat Transfer.
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