Ashton Thomas Private Wealth LLC Makes New Investment in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Ashton Thomas Private Wealth LLC bought a new position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,674 shares of the industrial products company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in Core Molding Technologies by 4.9% in the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after buying an additional 593 shares in the last quarter. Rhumbline Advisers increased its stake in Core Molding Technologies by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 866 shares during the period. Bank of New York Mellon Corp raised its holdings in Core Molding Technologies by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company’s stock valued at $585,000 after buying an additional 1,856 shares during the last quarter. LSV Asset Management bought a new position in shares of Core Molding Technologies during the second quarter valued at about $36,000. Finally, Empowered Funds LLC lifted its holdings in Core Molding Technologies by 7.7% in the 1st quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock worth $608,000 after buying an additional 2,287 shares during the period. 58.79% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO John P. Zimmer sold 13,653 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $18.30, for a total value of $249,849.90. Following the completion of the sale, the chief financial officer now directly owns 115,559 shares in the company, valued at $2,114,729.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO John P. Zimmer sold 13,653 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.30, for a total transaction of $249,849.90. Following the completion of the sale, the chief financial officer now owns 115,559 shares of the company’s stock, valued at $2,114,729.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John P. Zimmer sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the completion of the transaction, the chief financial officer now directly owns 129,212 shares in the company, valued at $2,408,511.68. The disclosure for this sale can be found here. Insiders have sold 73,411 shares of company stock worth $1,333,020 in the last ninety days. Company insiders own 13.10% of the company’s stock.

Wall Street Analyst Weigh In

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

Core Molding Technologies Trading Down 2.0 %

CMT opened at $18.01 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28. Core Molding Technologies, Inc. has a 1 year low of $14.64 and a 1 year high of $30.09. The stock has a market capitalization of $157.77 million, a price-to-earnings ratio of 8.66 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.31. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. The business had revenue of $88.74 million during the quarter, compared to analysts’ expectations of $78.75 million. As a group, research analysts anticipate that Core Molding Technologies, Inc. will post 1.53 EPS for the current fiscal year.

About Core Molding Technologies

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.