Weber Alan W Has $1,511,000 Position in Manitex International, Inc. (MNTX)
Weber Alan W continued to hold its stake in Manitex International, Inc. (NASDAQ:MNTX) during the second quarter, Holdings Channel reports. The institutional investor owned 216,531 shares of the industrial products company’s stock at the end of the second quarter. Manitex International makes up about 0.8% of Weber Alan W’s investment portfolio, making the stock its 26th largest position. Weber Alan W’s holdings in Manitex International were worth $1,511,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in MNTX. Trexquant Investment LP acquired a new stake in Manitex International during the second quarter worth about $106,000. WealthTrust Axiom LLC increased its stake in Manitex International by 5.6% in the second quarter. WealthTrust Axiom LLC now owns 877,137 shares of the industrial products company’s stock worth $6,122,000 after buying an additional 46,875 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in Manitex International by 37.2% in the second quarter. Essex Investment Management Co. LLC now owns 237,669 shares of the industrial products company’s stock worth $1,659,000 after buying an additional 64,445 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Manitex International during the second quarter worth about $105,000. Finally, KCG Holdings Inc. acquired a new stake in Manitex International during the first quarter worth about $114,000. 66.06% of the stock is currently owned by institutional investors.
Shares of Manitex International, Inc. (NASDAQ:MNTX) opened at 8.25 on Thursday. Manitex International, Inc. has a 1-year low of $4.98 and a 1-year high of $9.89. The stock’s market cap is $136.55 million. The company’s 50-day moving average is $7.19 and its 200-day moving average is $7.40.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.08. The firm had revenue of $51.60 million for the quarter, compared to analysts’ expectations of $44.35 million. Manitex International had a negative net margin of 15.69% and a positive return on equity of 2.50%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. Equities analysts expect that Manitex International, Inc. will post $0.19 EPS for the current fiscal year.
A number of research firms recently issued reports on MNTX. Zacks Investment Research downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Thursday. ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Roth Capital set a $10.00 price target on shares of Manitex International and gave the company a “buy” rating in a research note on Thursday, June 8th.
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.
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