Kennedy Capital Management Inc. grew its stake in Manitex International Inc (NASDAQ:MNTX) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 462,084 shares of the industrial products company’s stock after acquiring an additional 45,175 shares during the quarter. Kennedy Capital Management Inc. owned about 2.79% of Manitex International worth $4,436,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. OxFORD Asset Management LLP purchased a new stake in shares of Manitex International in the third quarter valued at $189,000. Algert Global LLC purchased a new stake in shares of Manitex International in the third quarter valued at $243,000. Bank of New York Mellon Corp lifted its position in shares of Manitex International by 118.8% in the fourth quarter. Bank of New York Mellon Corp now owns 31,305 shares of the industrial products company’s stock valued at $300,000 after acquiring an additional 17,000 shares in the last quarter. Beddow Capital Management Inc. lifted its position in shares of Manitex International by 16.7% in the fourth quarter. Beddow Capital Management Inc. now owns 35,000 shares of the industrial products company’s stock valued at $336,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Granahan Investment Management Inc. MA lifted its position in shares of Manitex International by 152.2% in the third quarter. Granahan Investment Management Inc. MA now owns 82,601 shares of the industrial products company’s stock valued at $742,000 after acquiring an additional 49,845 shares in the last quarter. Institutional investors and hedge funds own 61.04% of the company’s stock.
Several analysts have recently issued reports on MNTX shares. Roth Capital upgraded Manitex International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $11.00 in a research report on Thursday, February 8th. Zacks Investment Research downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd.
Manitex International stock traded down $0.24 during trading on Monday, reaching $10.40. The company had a trading volume of 7,601 shares, compared to its average volume of 71,957. The firm has a market capitalization of $176.16, a price-to-earnings ratio of -8.03 and a beta of 1.64. Manitex International Inc has a 52-week low of $6.21 and a 52-week high of $12.04. 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 (NASDAQ:MNTX) last released its earnings results on Tuesday, February 6th. The industrial products company reported $0.07 EPS for the quarter. The firm had revenue of $56.46 million during the quarter. Manitex International had a positive return on equity of 3.09% and a negative net margin of 8.93%. equities research analysts forecast that Manitex International Inc will post 0.23 EPS for the current fiscal year.
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About Manitex International
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.
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