Are Insiders Buying This Stock? Mallinckrodt Public Limited Company (NYSE:MNK) Update

Municipal Employees Retirement System of MI grew its holdings in shares of Mallinckrodt PLC (NYSE:MNK) by 460.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. Lingohr & Partner Asset Management GmbH now owns 33,600 shares of the company's stock worth $1,036,000 after purchasing an additional 20,300 shares during the last quarter. Westpac Banking Corp's holdings in Mallinckrodt PLC were worth $1,199,000 as of its most recent filing with the SEC. 37 funds opened positions while 96 raised stakes. Lingohr & Partner Asset Management GmbH lifted its position in shares of Mallinckrodt by 152.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,834 shares of the company's stock valued at $143,000 after buying an additional 78 shares during the last quarter. Municipal Employees Retirement System of MI boosted its position in Mallinckrodt by 460.3% in the 3rd quarter. The firm owned 31,600 shares of the company's stock after purchasing an additional 25,960 shares during the quarter. About 2.03 million shares traded. Finally, GLG LLC increased its stake in shares of Mallinckrodt PLC by 6.8% in the fourth quarter. Hedge funds and other institutional investors own 97.40% of the company's stock. As per Wednesday, August 5, the company rating was maintained by Oppenheimer. 3,070,909 shares of the stock were exchanged. The firm presented substantial 200-days simple moving average of -45.58%. The stock's market cap is $4.28 billion. Mallinckrodt has $218 highest and $24.0 lowest target.

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Mallinckrodt PLC (NYSE MNK) traded down $0.23 during midday trading on Wednesday, reaching $21.73. The company reported $1.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.80 by $0.17. Mallinckrodt's quarterly revenue was down 10.5% on a year-over-year basis. Mallinckrodt had a net margin of 11.43% and a return on equity of 14.79%. The company had Year Ago Sales of 829.9 Million. During the same period in the prior year, the firm posted $2.04 earnings per share. 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. On these bases, analysts would recommend this stock as an "Active Spinning Stocks". Stifel Nicolaus cut their price objective on shares of Mallinckrodt from $70.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, November 8th. Also, the Hold rating count is 7 as of 12/4/2107. Mizuho restated a "hold" rating and set a $40.00 target price on shares of Mallinckrodt in a report on Sunday, October 15th. The stock has "Buy" rating by BMO Capital Markets on Thursday, October 5. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,176 shares of the company's stock worth $530,000 after purchasing an additional 6,795 shares during the last quarter. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the stock. The stock has "Buy" rating by Jefferies on Friday, May 26. The stock was bought at an average cost of $21.96 per share, for a total transaction of $43,920.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Coleman N. Lannum III acquired 1,968 shares of the business's stock in a transaction that occurred on Friday, May 12th. Bnp Paribas Arbitrage Sa holds 0.04% or 310,743 shares in its portfolio. The disclosure for this purchase can be found here. The last close places the company's stock about $33.36 off its 52 week high of $55.32 and $2.96 above the 52 week low of $19.

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Many analysts are providing their Estimated Earnings analysis for Mallinckrodt Public Limited Company and for the current quarter 17 analysts have projected that the stock could give an Average Earnings estimate of $1.69/share.

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Mallinckrodt public limited company develops, makes, markets, and distributes branded and generic specialty pharmaceutical products and therapies in the United States, Europe, the Middle East, Africa, and internationally.

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