Barings LLC Sells 31650 Shares of Mallinckrodt PLC (MNK)

Hartford Investment Management Co. lessened its stake in Mallinckrodt PLC (NYSE:MNK) by 70.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. Lingohr & Partner Asset Management GmbH lifted its position in shares of Mallinckrodt by 152.6% during the third quarter. Teachers Advisors LLC boosted its position in Mallinckrodt by 4.3% during the first quarter.

University of MI professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period. Icon Advisers Inc. Co. now owns 114,200 shares of the company's stock worth $5,117,000 after acquiring an additional 71,200 shares during the period. Korea Investment Corp owns 72,300 shares or 0.02% of their USA portfolio. Westpac Banking Corp's holdings in Mallinckrodt PLC were worth $1,199,000 as of its most recent filing with the SEC. GLG LLC now owns 7,358 shares of the company's stock valued at $367,000 after buying an additional 468 shares during the last quarter. Focused Wealth Management Inc increased its stake in shares of Mallinckrodt PLC by 19.7% in the fourth quarter. The number of shares now owned by investors are 96.36 mln. Mn Services Vermogensbeheer B.V. now owns 16,849 shares of the company's stock worth $755,000 after purchasing an additional 14,054 shares during the period.

Several equities analysts have recently commented on the stock. Stifel Nicolaus maintained Mallinckrodt Public Limited Company (NYSE:MNK) on Wednesday, November 8 with "Buy" rating. The stock of Mallinckrodt Public Limited Company (NYSE:MNK) earned "Overweight" rating by Morgan Stanley on Thursday, December 3. BidaskClub cut shares of Mallinckrodt from a "hold" rating to a "sell" rating in a research report on Tuesday, August 8th. Piper Jaffray Companies set a $67.00 price target on shares of Mallinckrodt and gave the stock a "buy" rating in a research report on Saturday, October 21st. Mallinckrodt presently has an average rating of "Hold" and an average target price of $48.14.

In other news, Director David R. Carlucci purchased 10,000 shares of the company's stock in a transaction on Thursday, November 9th. In other news, CFO Matthew K. Harbaugh acquired 600 shares of the business's stock in a transaction that occurred on Friday, March 10th. 742,659 are owned by Ascend Capital Ltd Liability. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was purchased at an average price of $21.94 per share, for a total transaction of $100,046.40. Insiders have acquired 30,460 shares of company stock worth $659,486 over the last three months. ARRS's institutional ownership was registered as 88.90% while insider ownership was 0.80%.

For this year, Mallinckrodt Public Limited Company ((NYSE:MNK)) is performing -55.92%. Current price places the company's stock 18.31% away from its 200-day simple moving average, 5.85%, away from the 50-day average and also 2.77% away from 20-day average. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08. Mallinckrodt has $218 highest and $24.0 lowest target. The company has market cap of $2.04 billion. Brinker Cap has invested 0.03% in Mallinckrodt Public Limited Company (NYSE:MNK). The company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.17. Mallinckrodt PLC had a net margin of 7.75% and a return on equity of 17.34%. The firm had revenue of $793.90 million for the quarter, compared to the consensus estimate of $808.93 million. The firm's revenue was down 10.5% on a year-over-year basis. sell-side analysts predict that Mallinckrodt PLC will post 7.2 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was posted by Week Herald and is the sole property of of Week Herald.

Like this


07 December 2017
Palma asks probe on vaccine fiasco
About 830,000 schoolchildren had received at least one dose of the vaccine, Duque said on Thursday. He said those responsible for the fiasco should be investigated and sanctioned.

07 December 2017
John Paulson Buys 344216 Shares of Valeant Pharmaceuticals International, Inc. (VRX) Stock
For the past 5 years, the company's revenue has grown 31.9%, while the company's earnings per share has grown 61.43%. While the Short-Term Technical Indicators for the stock on 7-Day Average Directional Indicator shows "Buy" signal.

07 December 2017
NXP Semiconductors NV (NASDAQ:NXPI) Shares Bought by Legal & General Group Plc
Columbia Pacific Advisors Llc, a Washington-based fund reported 61,107 shares. 42,526 are owned by Great West Life Assurance Can. Moreover, Old Mutual Customised Solutions (Proprietary) Ltd has 0.1% invested in Ball Corporation (NYSE:BLL) for 15,914 shares.

07 December 2017
Public Service Enterprise Group Inc. (NYSE:PEG)
It improved, as 44 investors sold SRE shares while 177 reduced holdings. 91 funds opened positions while 275 raised stakes. Parallel Advisors LLC lifted its holdings in shares of Public Service Enterprise Group by 6.0% during the second quarter.

07 December 2017
'Open Question' Whether US Athletes Will Attend 2018 Winter Olympics
I have not heard anything about that. "I think those are conversations that we're going to have to have", she added. This follows the announcement that Russian Federation is banned from next year's Winter Olympics.

07 December 2017
Adobe Systems (ADBE) Scheduled to Post Quarterly Earnings on Thursday
The software company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. Adobe Systems (NASDAQ: ADBE ) is set to issue its quarterly earnings data after the market closes on Thursday, December 14th.

07 December 2017
Phil Bredesen planning run for Corker's US Senate seat
Bredesen was a popular governor and widely credited with helping build Nashville's booming economy. Before his two terms in the state house, he was Nashville mayor from 1991 to 1999.

07 December 2017
SunTrust Banks Analysts Give Boston Scientific (BSX) a $33.00 Price Target
Tarbox Family Office has invested 0% in Boston Scientific Corporation (NYSE:BSX). 151,025 were reported by Blume Management Inc. Chao Ku decreased its stake in Oracle Corporation (ORCL) by 76.72% based on its latest 2017Q2 regulatory filing with the SEC.

07 December 2017
Davis defends Brexit after talks branded 'embarrassment'
The Brexit Secretary was responding to an urgent question raised by his Labour counterpart Keir Starmer. But no ministers, shadow cabinet members or senior DUP figures were available.

07 December 2017
Intuit Inc. (INTU) CEO Sells 110496 Shares of Stock
They issued a "buy" rating and a $157.00 price target on the stock. (NASDAQ:INTU) on Wednesday, August 24 with "Buy" rating. Rosenblum Silverman Sutton S F Inc Ca holds 0.7% or 4,839 shares. 303,461 were accumulated by Hsbc Holdings Public Limited.