LP Has $9.46 Million Position in Mallinckrodt PLC (MNK)

Pierre Vaugeois
Juillet 17, 2017

Gamco Investors INC. ET AL now owns 17,425 shares of the company's stock valued at $868,000 after buying an additional 2,963 shares during the last quarter. Norges Bank bought a new stake in Mallinckrodt PLC during the fourth quarter valued at $45,574,000. About 308,639 shares traded.

Mallinckrodt PLC (NYSE:MNK) last released its earnings results on Monday, May 8th. It has underperformed by 47.09% the S&P500.

In other Mallinckrodt PLC news, VP Coleman N. Lannum III purchased 1,968 shares of the company's stock in a transaction that occurred on Friday, May 12th. The company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.05. Lastly, BMO Capital Markets reduced the price objective on stocks of Mallinckrodt from $79.00 to $69.00 and fixed an "outperform" recommendation for The corporation in a study note published on Wed, May 10th. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since July 13, 2016 and is uptrending.

Investors sentiment increased to 1.03 in 2016 Q4. Its up 0.12, from 0.91 in 2016Q3. 70 funds opened positions while 127 raised stakes.

Mallinckrodt PLC (NYSE:MNK) traded down 0.18% on Friday, reaching $44.51. Kbc Grp Nv holds 0.01% or 18,421 shares. Cantor Fitzgerald initiated Mallinckrodt PLC (NYSE:MNK) on Friday, June 16 with "Overweight" rating. Whittier Trust invested 0% of its portfolio in Mallinckrodt PLC (NYSE:MNK). "L P Has $9.46 Million Position in Mallinckrodt PLC (MNK)" was reported by Markets Daily and is owned by of Markets Daily. Suntrust Banks invested in 41,992 shares or 0.01% of the stock. Mallinckrodt PLC earned a media sentiment score of 0.08 on Accern's scale.

Ratings analysis reveals 100% of Mallinckrodt plc's analysts are positive. Kcg Hldg Incorporated has invested 0.08% of its portfolio in Mallinckrodt PLC (NYSE:MNK). Stifel Fincl holds 0.01% or 26,754 shares in its portfolio. Daiwa Secs Grp owns 2,700 shares for 0% of their portfolio. Princeton Alpha Management Limited Partnership owns 19,707 shares for 0.2% of their portfolio. Franklin Res owns 851,517 shares. Hutchin Hill Lp holds 60,699 shares. Bancorporation Of Ny Mellon Corp reported 0.01% of its portfolio in Mallinckrodt PLC (NYSE:MNK).

Since February 10, 2017, it had 14 insider purchases, and 0 selling transactions for $885,882 activity. 375 shares were bought by WATKINS IAN J, worth $20,348 on Friday, February 17. 1,000 shares were bought by Trudeau Mark, worth $40,174 on Friday, June 9. The stock had a trading volume of 1,393,397 shares. Fischer Meredith B bought $108,676 worth of stock. It also reduced its holding in Alphabet Class A by 482 shares in the quarter, leaving it with 24,066 shares, and cut its stake in Northwestern Corp. L P boosted its stake in shares of Mallinckrodt PLC (NYSE:MNK) by 29.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Alliancebernstein L.P. raised its position in Mallinckrodt PLC by 1,455.5% in the first quarter.

06/20/2017 - Mallinckrodt plc had its " rating reiterated by analysts at Jefferies. Therefore 67% are positive. MNK was included in 5 notes of analysts from August 24, 2016. The stock was bought at an average price of $39.88 per share, for a total transaction of $39,880.00. Mallinckrodt PLC now has a consensus rating of "Buy" and a consensus target price of $74.09. They now have a Dollars 52 price target on the stock. The rating was maintained by Mizuho with "Buy" on Wednesday, November 23. Leerink Swann reaffirmed an "outperform" rating on shares of Mallinckrodt PLC in a research note on Monday, March 20th. The company was maintained on Thursday, June 29 by Jefferies. Finally, Elkfork Partners LLC bought a new stake in shares of Mallinckrodt PLC during the fourth quarter valued at $3,633,000. Finally, Acadian Asset Management LLC increased its stake in Mallinckrodt PLC by 48.9% in the first quarter. More interesting news about International Paper Co (NYSE:IP) were released by: Seekingalpha.com and their article: "E-commerce boom seen benefiting International Paper" published on July 13, 2017 as well as Nasdaq.com's news article titled: "International Paper Poised on Inorganic Growth, Risks Remain" with publication date: June 16, 2017. Two analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. Analysts have placed a $71.37 price target on Mallinckrodt Public Limited Company, suggesting a 61.84% gain from recent close. The company was maintained on Wednesday, December 9 by Mizuho. The firm is scheduled to issue its next quarterly earnings report before the market opens on Tuesday, August 8th. The firm has "Buy" rating given on Thursday, July 21 by Mizuho. Paradigm Capital Management Inc. Wells Fargo & Company reissued an "outperform" rating and set a $83.50 price objective on shares of Mallinckrodt PLC in a research note on Wednesday, June 21st.

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