Multi-Color Corporation (LABL) : Tributary Capital Management scooped up 16,980 additional shares in Multi-Color Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 164,238 shares of Multi-Color Corporation which is valued at $10,939,893.Multi-Color Corporation makes up approximately 1.52% of Tributary Capital Management’s portfolio.
Other Hedge Funds, Including , Eaton Vance Management reduced its stake in LABL by selling 60,279 shares or 29.42% in the most recent quarter. The Hedge Fund company now holds 144,590 shares of LABL which is valued at $9,631,140. Multi-Color Corporation makes up approx 0.03% of Eaton Vance Management’s portfolio. Mesirow Financial Investment Management – Equity Management sold out all of its stake in LABL during the most recent quarter. The investment firm sold 6,099 shares of LABL which is valued $406,254. Dana Investment Advisors sold out all of its stake in LABL during the most recent quarter. The investment firm sold 22,716 shares of LABL which is valued $1,449,735.Boston Advisors reduced its stake in LABL by selling 290 shares or 0.4% in the most recent quarter. The Hedge Fund company now holds 72,024 shares of LABL which is valued at $4,700,286. Multi-Color Corporation makes up approx 0.11% of Boston Advisors’s portfolio. Capstone Asset Management Co added LABL to its portfolio by purchasing 4,100 company shares during the most recent quarter which is valued at $271,215. Multi-Color Corporation makes up approx 0.01% of Capstone Asset Management Co’s portfolio.
Multi-Color Corporation opened for trading at $65.4 and hit $66.84 on the upside on Wednesday, eventually ending the session at $65.99, with a gain of 1.60% or 1.04 points. The heightened volatility saw the trading volume jump to 86,349 shares. Company has a market cap of $1,113 M.
On the company’s financial health, Multi-Color Corporation reported $0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.90. The company had revenue of $236.49 million for the quarter, compared to analysts expectations of $234.99 million. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS.
Many Wall Street Analysts have commented on Multi-Color Corporation. Company shares were Reiterated by Singular Research on Aug 17, 2016 to “BUY – Long-Term”, Firm has raised the Price Target to $ 70 from a previous price target of $67 .Company shares were Downgraded by Singular Research on Jun 21, 2016 to ” BUY – Long-Term”, Firm has raised the Price Target to $ 67 from a previous price target of $60 .
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.