Mallinckrodt PLC (MNK) VP Coleman N. Lannum III Buys 1968 Shares

Mallinckrodt PLC (MNK) VP Coleman N. Lannum III Buys 1968 Shares

01/19/2017 - Mallinckrodt plc had its "buy" rating reiterated by analysts at Guggenheim. BMO Capital Markets dropped their target price on Mallinckrodt PLC from $79.00 to $69.00 and set an outperform rating on the stock in a report on Wednesday, May 10th. Jefferies Group LLC cut shares of Mallinckrodt PLC to a "buy" rating and decreased their price target for the stock from $95.00 to $70.00 in a research note on Monday, March 13th.

03/20/2017 - Mallinckrodt plc had its "outperform" rating reiterated by analysts at Leerink Swann. At the time of writing, Shares the company recently traded 4.33% away 52-week low and noted price movement -52.83% away from the 52-week high level. Finally, Zacks Investment Research raised shares of Mallinckrodt PLC from a strong sell rating to a hold rating in a research report on Thursday, February 9th. Deutsche Bank maintained it with "Buy" rating and $84 target in Wednesday, August 31 report.

Mallinckrodt Public Limited Company (MNK) closed its previous trading session at $40.49 with the loss of -5.06%.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend. Net profit margin of Mallinckrodt Public Limited Company (MNK) was recorded at 17.6 percent, operating profit margin was 4.9 percent, while gross profit margin stands at 54.8 percent. They are also projecting the Low EPS estimate of $1.65 and the High EPS estimate of $1.84. The company reported $1.68 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.63 by $0.05. The business had revenue of $810.90 million for the quarter, compared to analyst estimates of $781.23 million. Also, the number of investment managers holding Mallinckrodt PLC in their top 10 equity positions decreased from 4 to 3 for a decrease of 1. Mallinckrodt PLC's quarterly revenue was down.6% on a year-over-year basis.

EPS in next five year years is expected to touch 5.53% while EPS growth in past 5 year was 10.00% along with sales growth of 10.80% in the last five years. On average, equities analysts expect that Mallinckrodt PLC will post $7.56 EPS for the current year.

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In other Mallinckrodt PLC news, VP Coleman N. Lannum III acquired 1,968 shares of Mallinckrodt PLC stock in a transaction dated Friday, May 12th. The company has its outstanding shares of 101.7 Million.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. MNK's value Change from Open was at -4.41% with a Gap of -0.68%.

HollyFrontier Corporation (HFC) climbed 0.87% and its total traded volume was 1.8 million shares contrast to the average volume of 2.88 million shares. The disclosure for this purchase can be found here. The Beta factor for the stock is listed at 0.60.

Several institutional investors have recently added to or reduced their stakes in MNK. BlackRock Inc. boosted its stake in Mallinckrodt PLC by 4,060.7% in the first quarter. Daiwa Securities Group Inc. now owns 3,200 shares of the company's stock valued at $143,000 after buying an additional 500 shares in the last quarter. Inc. purchased a new position in shares of Mallinckrodt PLC during the fourth quarter worth approximately $397,408,000. "Ultimately, through all this investigation into the company's performance the analyst decides if their stock is a "buy", sell" or hold". Rice Hall James & Associates LLC boosted its position in Mallinckrodt PLC by 2.9% in the first quarter. The shares were purchased at an average price of $49.19 per share, with a total value of $29,514.00. Finally, AQR Capital Management LLC boosted its stake in Mallinckrodt PLC by 76.7% in the fourth quarter. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 8,734,709 shares of the stock are valued at $372.54 million. The ratio improved, as 197 funds started new or increased positions, while 192 decreased and sold their stock positions in Mallinckrodt PLC. Amalgamated Bank now owns 7,625 shares of the company's stock valued at $340,000 after buying an additional 447 shares in the last quarter.

Mallinckrodt public limited company develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. The Firm focuses on various therapeutic areas, such as autoimmune and rare disease specialty areas, including neurology, rheumatology, nephrology, ophthalmology and pulmonology; immunotherapy and neonatal critical care respiratory therapies; analgesics and hemostasis products, and central nervous system drugs.

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