The Westpac Banking Corp Has $1.20 Million Position in Mallinckrodt PLC (MNK)

Tcw Grp Inc Inc Inc holds 0% of its portfolio in Mallinckrodt Public Limited Company (NYSE:MNK) for 11,217 shares. Alliancebernstein L.P. now owns 3,348,807 shares of the company's stock worth $150,060,000 after acquiring an additional 448,011 shares during the period. Bank of New York Mellon Corp owned approximately 1.18% of Mallinckrodt worth $43,708,000 at the end of the most recent 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. Finally, Principal Financial Group Inc. lifted its position in shares of Mallinckrodt by 167.1% during the third quarter. LSV Asset Management now owns 1,249,612 shares of the company's stock worth $55,995,000 after acquiring an additional 244,753 shares during the period. Institutional investors own 97.40% of the company's stock.

Other hedge funds have also recently made changes to their positions in the company. When they sold shares, the stock underperformed 5.4%.

In other news, Director David R. Carlucci purchased 10,000 shares of the company's stock in a transaction on Thursday, November 9th.

Shares of Mallinckrodt PLC (MNK) traded down $0.38 on Wednesday, reaching $21.35. MNK exchanged 0.39 million shares in recent session versus to the average volume of 3.31 million shares while its relative volume is 0.41. The stock has a market capitalization of $2,086.31, a P/E ratio of 2.96, a P/E/G ratio of 0.40 and a beta of 1.30. Mallinckrodt has $218 highest and $24.0 lowest target. The company has a current ratio of 1.38, a quick ratio of 1.05 and a debt-to-equity ratio of 1.08.

Mallinckrodt Public Limited Company (NYSE:MNK)'s performance this year to date is -56.38%. The company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.80 by $0.17. Farmers And Merchants Invs holds 0% of its portfolio in Mallinckrodt Public Limited Company (NYSE:MNK) for 30 shares. The Return on Equity (ROE) value stands at 7.3%. Mallinckrodt's quarterly revenue was down 10.5% on a year-over-year basis. GLG LLC now owns 7,358 shares of the company's stock valued at $367,000 after buying an additional 468 shares during the last quarter. The stock was purchased at an average price of $22.28 per share, for a total transaction of $111,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Advantus Capital Management Inc now owns 12,286 shares of the company's stock worth $459,000 after purchasing an additional 2,352 shares during the last quarter. The disclosure for this purchase can be found here.

MNK has been the subject of a number of analyst reports. Stifel Nicolaus maintained Mallinckrodt Public Limited Company (NYSE:MNK) on Wednesday, November 8 with "Buy" rating.

In analysts note issued to investors and clients this morning, Piper Jaffray kept their "Buy" rating on Mallinckrodt (NYSE:MNK) shares. Finally, Jefferies Group restated a "buy" rating and issued a $60.00 price objective on shares of Mallinckrodt in a research report on Friday, October 6th. The rating was downgraded by Deutsche Bank on Tuesday, November 7 to "Hold". The firm has "Hold" rating by Mizuho given on Monday, October 23.

WARNING: "Mallinckrodt PLC (MNK) Shares Sold by Hartford Investment Management Co." was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal.

For the next 5 years, Mallinckrodt Public Limited Company is expecting Growth of 1.67% per annum, whereas in the past 5 years the growth was 26.32% per annum. The companyÂ's Specialty Brands segment markets branded pharmaceutical products for autoimmune and rare diseases, including the specialty areas of neurology, rheumatology, nephrology, ophthalmology, and pulmonology; and immunotherapy and neonatal respiratory critical care therapies, as well as analgesics and hemostasis products, and central nervous system drugs.

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