Metropolitan Life Insurance Co. NY lowered its stake in Manitowoc Company, Inc. (The) (NYSE:MTW) by 0.5% during the first quarter, Holdings Channel reports. The fund owned 90,896 shares of the industrial products company’s stock after selling 458 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Manitowoc Company, Inc. (The) were worth $518,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MTW. Norges Bank purchased a new position in Manitowoc Company, Inc. (The) during the fourth quarter valued at about $17,367,000. Dimensional Fund Advisors LP raised its position in Manitowoc Company, Inc. (The) by 33.0% in the first quarter. Dimensional Fund Advisors LP now owns 7,148,039 shares of the industrial products company’s stock valued at $40,744,000 after buying an additional 1,771,886 shares during the last quarter. Emerald Advisers Inc. PA raised its position in Manitowoc Company, Inc. (The) by 1,649.5% in the first quarter. Emerald Advisers Inc. PA now owns 1,646,016 shares of the industrial products company’s stock valued at $9,382,000 after buying an additional 1,551,930 shares during the last quarter. Southpoint Capital Advisors LP raised its position in Manitowoc Company, Inc. (The) by 33.3% in the first quarter. Southpoint Capital Advisors LP now owns 6,000,000 shares of the industrial products company’s stock valued at $34,200,000 after buying an additional 1,500,000 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Manitowoc Company, Inc. (The) during the first quarter valued at about $6,498,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

Manitowoc Company, Inc. (NYSE MTW) traded up 1.67% on Friday, hitting $7.93. The stock had a trading volume of 1,453,604 shares. The firm’s market cap is $1.11 billion. Manitowoc Company, Inc. has a 12-month low of $3.65 and a 12-month high of $8.40. The company’s 50 day moving average is $6.20 and its 200 day moving average is $6.07.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The company had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $396.44 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm’s quarterly revenue was down 13.8% on a year-over-year basis. On average, equities research analysts expect that Manitowoc Company, Inc. will post ($0.15) EPS for the current fiscal year.

WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/08/12/metropolitan-life-insurance-co-ny-lowers-stake-in-manitowoc-company-inc-the-mtw.html.

Several equities analysts recently issued reports on MTW shares. Jefferies Group LLC increased their target price on Manitowoc Company, Inc. (The) from $7.25 to $8.00 and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Deutsche Bank AG increased their price target on Manitowoc Company, Inc. (The) from $6.22 to $6.30 and gave the company a “hold” rating in a research report on Friday, May 12th. BidaskClub lowered Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine raised Manitowoc Company, Inc. (The) from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $6.99.

Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Want to see what other hedge funds are holding MTW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Manitowoc Company, Inc. (The) (NYSE:MTW).

Institutional Ownership by Quarter for Manitowoc Company, Inc. (The) (NYSE:MTW)

Receive News & Ratings for Manitowoc Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.