Victory Capital Management Inc. increased its position in Manitex International, Inc. (NASDAQ:MNTX) by 16.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 122,120 shares of the industrial products company’s stock after buying an additional 17,080 shares during the quarter. Victory Capital Management Inc. owned 0.74% of Manitex International worth $852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new position in shares of Manitex International in the second quarter valued at approximately $105,000. Morgan Stanley increased its position in Manitex International by 2.6% during the 1st quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock valued at $2,673,000 after purchasing an additional 9,980 shares during the period. Essex Investment Management Co. LLC increased its position in Manitex International by 37.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 237,669 shares of the industrial products company’s stock valued at $1,659,000 after purchasing an additional 64,445 shares during the period. Next Century Growth Investors LLC acquired a new stake in Manitex International during the 1st quarter valued at approximately $1,761,000. Finally, WealthTrust Axiom LLC increased its position in Manitex International by 5.6% during the 2nd quarter. WealthTrust Axiom LLC now owns 877,137 shares of the industrial products company’s stock valued at $6,122,000 after purchasing an additional 46,875 shares during the period. 60.72% of the stock is owned by institutional investors.
MNTX has been the subject of a number of recent analyst reports. Roth Capital set a $10.00 target price on shares of Manitex International and gave the company a “buy” rating in a research report on Thursday, June 8th. Zacks Investment Research downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a research report on Monday, August 7th.
Shares of Manitex International, Inc. (NASDAQ:MNTX) opened at 9.11 on Friday. The firm’s 50-day moving average is $8.45 and its 200-day moving average is $7.47. Manitex International, Inc. has a 52-week low of $4.98 and a 52-week high of $9.89. The firm’s market cap is $150.83 million.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.08. Manitex International had a positive return on equity of 2.50% and a negative net margin of 15.69%. The firm had revenue of $51.60 million during the quarter, compared to the consensus estimate of $44.35 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. Analysts anticipate that Manitex International, Inc. will post $0.19 earnings per share for the current year.
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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