MGO One Seven LLC Purchases 2,396 Shares of Columbus McKinnon Corporation $CMCO

MGO One Seven LLC boosted its stake in Columbus McKinnon Corporation (NASDAQ:CMCO) by 21.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,441 shares of the industrial products company’s stock after acquiring an additional 2,396 shares during the period. MGO One Seven LLC’s holdings in Columbus McKinnon were worth $205,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Signaturefd LLC raised its position in Columbus McKinnon by 743.4% in the first quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 2,141 shares during the period. High Note Wealth LLC purchased a new position in shares of Columbus McKinnon in the first quarter worth about $48,000. CWM LLC increased its stake in shares of Columbus McKinnon by 79.2% in the first quarter. CWM LLC now owns 3,422 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 1,512 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Columbus McKinnon by 3,033.1% in the first quarter. GAMMA Investing LLC now owns 3,979 shares of the industrial products company’s stock worth $67,000 after purchasing an additional 3,852 shares in the last quarter. Finally, State of Wyoming increased its stake in shares of Columbus McKinnon by 131.7% in the first quarter. State of Wyoming now owns 7,874 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 4,476 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

Wall Street Analyst Weigh In

CMCO has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Columbus McKinnon in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $35.00.

Columbus McKinnon Stock Up 3.1%

NASDAQ:CMCO opened at $15.15 on Tuesday. The firm has a market cap of $435.26 million, a P/E ratio of -28.06 and a beta of 1.26. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.01 and a current ratio of 1.85. Columbus McKinnon Corporation has a fifty-two week low of $11.78 and a fifty-two week high of $41.05. The firm has a 50-day simple moving average of $14.84 and a two-hundred day simple moving average of $15.10.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, February 8th. The industrial products company reported $0.36 earnings per share for the quarter. The business had revenue of $166.55 million during the quarter. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%. Analysts predict that Columbus McKinnon Corporation will post 2.69 earnings per share for the current fiscal year.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.