First Wilshire Securities Management Inc. cut its stake in Manitex International Inc. (NASDAQ:MNTX) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 519,364 shares of the industrial products company’s stock after selling 7,290 shares during the quarter. Manitex International comprises about 1.4% of First Wilshire Securities Management Inc.’s investment portfolio, making the stock its 29th biggest position. First Wilshire Securities Management Inc. owned 3.14% of Manitex International worth $4,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd purchased a new position in Manitex International in the fourth quarter valued at about $138,000. OxFORD Asset Management LLP purchased a new position in Manitex International in the third quarter valued at about $189,000. Algert Global LLC purchased a new position in Manitex International in the third quarter valued at about $243,000. Bank of New York Mellon Corp raised its position in 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 purchasing an additional 17,000 shares during the period. Finally, Beddow Capital Management Inc. raised its position in 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 purchasing an additional 5,000 shares during the period. 61.04% of the stock is currently owned by institutional investors.
Several research analysts have commented on MNTX shares. Zacks Investment Research lowered Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Roth Capital raised Manitex International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.00 to $11.00 in a research report on Thursday, February 8th.
NASDAQ:MNTX opened at $11.77 on Friday. Manitex International Inc. has a 12 month low of $6.21 and a 12 month high of $12.30. The stock has a market capitalization of $192.95, a price-to-earnings ratio of 58.85 and a beta of 1.40.
Manitex International (NASDAQ:MNTX) last announced its earnings results on Wednesday, March 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.03). Manitex International had a positive return on equity of 3.88% and a negative net margin of 3.36%. The business had revenue of $64.48 million for the quarter, compared to analysts’ expectations of $64.45 million. equities research analysts anticipate that Manitex International Inc. will post 0.47 EPS for the current fiscal year.
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Manitex International Profile
Manitex International, Inc provides engineered lifting and loading products worldwide. The company operates through three segments: Lifting Equipment, ASV, and Equipment Distribution segments. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.
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