Cortina Asset Management LLC Has $6.86 Million Holdings in Manitex International Inc (NASDAQ:MNTX)

Cortina Asset Management LLC lifted its position in Manitex International Inc (NASDAQ:MNTX) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 764,091 shares of the industrial products company’s stock after purchasing an additional 107,707 shares during the quarter. Cortina Asset Management LLC owned 4.61% of Manitex International worth $6,862,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wedbush Securities Inc. raised its position in shares of Manitex International by 35.0% during the second quarter. Wedbush Securities Inc. now owns 14,658 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,800 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Manitex International during the second quarter worth about $105,000. Trexquant Investment LP acquired a new stake in shares of Manitex International during the second quarter worth about $106,000. KCG Holdings Inc. acquired a new stake in shares of Manitex International during the first quarter worth about $114,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Manitex International during the second quarter worth about $524,000. Hedge funds and other institutional investors own 65.37% of the company’s stock.

A number of brokerages recently issued reports on MNTX. Roth Capital lowered Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research report on Tuesday, November 7th. Zacks Investment Research downgraded Manitex International from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.

Shares of Manitex International Inc (NASDAQ MNTX) traded down $0.49 during midday trading on Thursday, hitting $8.37. The stock had a trading volume of 61,256 shares, compared to its average volume of 79,514. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.64. Manitex International Inc has a one year low of $5.29 and a one year high of $9.89. The company has a market cap of $146.86, a P/E ratio of 55.44 and a beta of 2.03.

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Manitex International Company Profile

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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