Acadian Asset Management LLC Grows Position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Acadian Asset Management LLC boosted its position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 34.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,876 shares of the industrial products company’s stock after buying an additional 16,516 shares during the period. Acadian Asset Management LLC owned approximately 0.70% of Core Molding Technologies worth $1,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI bought a new stake in Core Molding Technologies in the fourth quarter worth about $27,000. Public Employees Retirement System of Ohio bought a new stake in shares of Core Molding Technologies during the first quarter worth $155,000. Rhumbline Advisers boosted its stake in shares of Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Core Molding Technologies in the fourth quarter worth about $212,000. Finally, Jump Financial LLC increased its stake in Core Molding Technologies by 62.7% in the 4th quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock worth $220,000 after buying an additional 4,579 shares during the period. 58.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 29th.

Core Molding Technologies Price Performance

CMT stock opened at $18.36 on Tuesday. Core Molding Technologies, Inc. has a one year low of $14.64 and a one year high of $30.09. The stock has a market cap of $160.83 million, a price-to-earnings ratio of 8.83 and a beta of 1.67. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.31. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. The business had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. Equities research analysts expect that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current year.

Insider Activity at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 11,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $17.94, for a total value of $197,340.00. Following the completion of the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at $6,752,203.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO David L. Duvall sold 11,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total value of $197,340.00. Following the transaction, the chief executive officer now directly owns 376,377 shares of the company’s stock, valued at $6,752,203.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Renee R. Anderson sold 13,282 shares of Core Molding Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total value of $241,333.94. Following the sale, the executive vice president now directly owns 64,517 shares of the company’s stock, valued at approximately $1,172,273.89. The disclosure for this sale can be found here. Insiders sold 72,694 shares of company stock valued at $1,320,014 in the last three months. 13.10% of the stock is owned by insiders.

Core Molding Technologies Company Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.