Engineers Gate Manager LP purchased a new stake in shares of Manitowoc Company, Inc. (The) (NYSE:MTW) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 168,334 shares of the industrial products company’s stock, valued at approximately $1,012,000. Engineers Gate Manager LP owned about 0.12% of Manitowoc Company, Inc. (The) at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of MTW. Dimensional Fund Advisors LP grew its position in Manitowoc Company, Inc. (The) by 33.0% during 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 acquiring an additional 1,771,886 shares during the last quarter. Southpoint Capital Advisors LP grew its position in Manitowoc Company, Inc. (The) by 33.3% during 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 acquiring an additional 1,500,000 shares during the last quarter. JHL Capital Group LLC grew its position in Manitowoc Company, Inc. (The) by 782.4% during the first quarter. JHL Capital Group LLC now owns 750,000 shares of the industrial products company’s stock valued at $4,275,000 after acquiring an additional 665,000 shares during the last quarter. Vanguard Group Inc. grew its position in Manitowoc Company, Inc. (The) by 5.8% during the first quarter. Vanguard Group Inc. now owns 10,149,967 shares of the industrial products company’s stock valued at $57,854,000 after acquiring an additional 560,479 shares during the last quarter. Finally, UBS Group AG grew its position in Manitowoc Company, Inc. (The) by 1,073.3% during the first quarter. UBS Group AG now owns 436,576 shares of the industrial products company’s stock valued at $2,489,000 after acquiring an additional 399,366 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

Shares of Manitowoc Company, Inc. (NYSE:MTW) opened at 8.10 on Friday. The stock’s 50 day moving average price is $7.59 and its 200-day moving average price is $6.30. Manitowoc Company, Inc. has a 1-year low of $3.65 and a 1-year high of $8.43. The stock’s market cap is $1.14 billion.

Manitowoc Company, Inc. (The) (NYSE:MTW) last released its earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The firm had revenue of $394.60 million for the quarter, compared to the consensus estimate of $396.44 million. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The company’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS. On average, equities research analysts forecast that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current year.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research report on Monday. J P Morgan Chase & Co upgraded shares of Manitowoc Company, Inc. (The) from an “underweight” rating to a “neutral” rating and increased their price target for the company from $6.00 to $7.00 in a research report on Thursday, August 17th. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. UBS AG reiterated a “neutral” rating and set a $8.00 price target (up from $6.00) on shares of Manitowoc Company, Inc. (The) in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Manitowoc Company, Inc. (The) presently has an average rating of “Hold” and an average target price of $7.35.

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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.

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

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