Multi-Color Co. (NASDAQ:LABL) Shares Bought by Citigroup Inc.

Citigroup Inc. lifted its position in shares of Multi-Color Co. (NASDAQ:LABL) by 240.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,865 shares of the business services provider’s stock after buying an additional 5,552 shares during the period. Citigroup Inc.’s holdings in Multi-Color were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Advisor Group Inc. boosted its holdings in shares of Multi-Color by 10.7% during the 4th quarter. Advisor Group Inc. now owns 2,058 shares of the business services provider’s stock worth $72,000 after buying an additional 199 shares during the period. Texas Permanent School Fund raised its stake in Multi-Color by 4.1% during the 4th quarter. Texas Permanent School Fund now owns 9,130 shares of the business services provider’s stock valued at $320,000 after purchasing an additional 360 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Multi-Color by 7.8% during the 4th quarter. Bank of New York Mellon Corp now owns 196,901 shares of the business services provider’s stock valued at $6,908,000 after purchasing an additional 14,237 shares during the last quarter. BlackRock Inc. raised its stake in Multi-Color by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,054,459 shares of the business services provider’s stock valued at $72,091,000 after purchasing an additional 35,786 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Multi-Color during the 4th quarter valued at $426,000. 69.28% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Multi-Color from a “hold” rating to a “strong sell” rating in a research note on Friday, February 15th. ValuEngine upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a research note on Friday, March 22nd. KeyCorp restated a “sell” rating on shares of Multi-Color in a research note on Wednesday, January 23rd. BidaskClub cut shares of Multi-Color from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Finally, Robert W. Baird cut shares of Multi-Color from an “outperform” rating to a “neutral” rating and set a $55.00 price objective for the company. in a research note on Wednesday, February 27th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.75.

NASDAQ:LABL traded down $0.03 during mid-day trading on Friday, reaching $49.86. 100,317 shares of the company were exchanged, compared to its average volume of 200,827. Multi-Color Co. has a 12 month low of $29.95 and a 12 month high of $71.94. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 2.10. The firm has a market cap of $1.02 billion, a P/E ratio of 13.26 and a beta of 1.37.

Multi-Color (NASDAQ:LABL) last issued its quarterly earnings data on Monday, February 11th. The business services provider reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.28). Multi-Color had a return on equity of 10.84% and a net margin of 4.33%. The company had revenue of $397.00 million for the quarter, compared to the consensus estimate of $409.65 million. As a group, equities analysts predict that Multi-Color Co. will post 3.68 earnings per share for the current fiscal year.

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About Multi-Color

Multi-Color Corporation provides various label solutions in the United States, Australia, Germany, and internationally. The company offers pressure sensitive labels; in-mold labels; heat transfer labels; cut and stack labels, such as peel-away promotional labels, thermochromics, holographics, and metalized films, as well as scratch-off coupons and static-clings; and roll fed labels.

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Institutional Ownership by Quarter for Multi-Color (NASDAQ:LABL)

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