Russell Investments Group Ltd. Acquires New Holdings in Multi-Color Co. (LABL)

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Russell Investments Group Ltd. acquired a new position in Multi-Color Co. (NASDAQ:LABL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,487 shares of the business services provider’s stock, valued at approximately $279,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LABL. Advisors Asset Management Inc. grew its holdings in Multi-Color by 9,037.7% in the second quarter. Advisors Asset Management Inc. now owns 272,302 shares of the business services provider’s stock worth $182,000 after purchasing an additional 269,322 shares during the period. FMR LLC grew its holdings in Multi-Color by 13.6% in the second quarter. FMR LLC now owns 2,011,782 shares of the business services provider’s stock worth $130,062,000 after purchasing an additional 240,099 shares during the period. Dimensional Fund Advisors LP grew its holdings in Multi-Color by 25.8% in the second quarter. Dimensional Fund Advisors LP now owns 933,600 shares of the business services provider’s stock worth $60,358,000 after purchasing an additional 191,424 shares during the period. BlackRock Inc. grew its holdings in Multi-Color by 8.6% in the second quarter. BlackRock Inc. now owns 1,935,538 shares of the business services provider’s stock worth $125,133,000 after purchasing an additional 153,887 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Multi-Color by 84.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 316,841 shares of the business services provider’s stock worth $19,723,000 after purchasing an additional 144,927 shares during the period. Institutional investors and hedge funds own 73.09% of the company’s stock.

Shares of LABL opened at $34.71 on Wednesday. The stock has a market capitalization of $723.03 million, a price-to-earnings ratio of 8.66 and a beta of 0.77. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.42 and a current ratio of 1.84. Multi-Color Co. has a fifty-two week low of $34.34 and a fifty-two week high of $89.70.

Multi-Color (NASDAQ:LABL) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $1.18 EPS for the quarter, beating the Zacks’ consensus estimate of $1.14 by $0.04. Multi-Color had a net margin of 4.99% and a return on equity of 11.35%. The firm had revenue of $435.00 million for the quarter, compared to analysts’ expectations of $453.46 million. During the same quarter in the prior year, the company posted $1.06 earnings per share. The business’s revenue for the quarter was up 69.9% on a year-over-year basis. As a group, equities analysts predict that Multi-Color Co. will post 4.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Saturday, December 1st. Stockholders of record on Thursday, November 15th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Wednesday, November 14th. Multi-Color’s payout ratio is 5.32%.

LABL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Multi-Color from a “sell” rating to a “hold” rating in a report on Wednesday, August 29th. BMO Capital Markets cut their price objective on shares of Multi-Color to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, November 7th. Finally, BidaskClub upgraded shares of Multi-Color from a “strong sell” rating to a “sell” rating in a report on Friday, August 24th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $67.60.

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Multi-Color Company Profile

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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