Renaissance Technologies LLC Has $689,000 Holdings in Manitex International Inc. (MNTX)

Renaissance Technologies LLC lifted its stake in shares of Manitex International Inc. (NASDAQ:MNTX) by 20.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,800 shares of the industrial products company’s stock after buying an additional 12,200 shares during the period. Renaissance Technologies LLC owned approximately 0.43% of Manitex International worth $689,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MNTX. Next Century Growth Investors LLC lifted its stake in shares of Manitex International by 36.9% during the fourth quarter. Next Century Growth Investors LLC now owns 334,593 shares of the industrial products company’s stock worth $3,212,000 after buying an additional 90,107 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Manitex International by 11.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 606,684 shares of the industrial products company’s stock worth $5,824,000 after buying an additional 64,750 shares during the period. Kennedy Capital Management Inc. lifted its stake in shares of Manitex International by 10.8% during the fourth quarter. Kennedy Capital Management Inc. now owns 462,084 shares of the industrial products company’s stock worth $4,436,000 after buying an additional 45,175 shares during the period. Shaker Investments LLC OH lifted its stake in shares of Manitex International by 26.8% during the fourth quarter. Shaker Investments LLC OH now owns 124,600 shares of the industrial products company’s stock worth $1,196,000 after buying an additional 26,300 shares during the period. Finally, Cortina Asset Management LLC lifted its stake in shares of Manitex International by 2.9% during the fourth quarter. Cortina Asset Management LLC now owns 786,366 shares of the industrial products company’s stock worth $7,549,000 after buying an additional 22,275 shares during the period. Institutional investors and hedge funds own 59.70% of the company’s stock.

Several equities research analysts have recently commented on MNTX shares. Roth Capital upgraded shares of Manitex International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $11.00 in a research note on Thursday, February 8th. Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Thursday, April 5th.

NASDAQ:MNTX opened at $10.90 on Wednesday. Manitex International Inc. has a 12 month low of $6.41 and a 12 month high of $12.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.39 and a quick ratio of 0.70. The firm has a market cap of $181.52 million, a PE ratio of 51.86 and a beta of 1.45.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Wednesday, March 28th. The industrial products company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $64.48 million for the quarter, compared to analyst estimates of $64.45 million. Manitex International had a positive return on equity of 4.26% and a negative net margin of 3.36%. equities analysts predict that Manitex International Inc. will post 0.5 EPS for the current year.

About Manitex International

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

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