Connor Clark & Lunn Investment Management Ltd. Sells 15,325 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 38.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,526 shares of the industrial products company’s stock after selling 15,325 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.07% of Manitowoc worth $224,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC increased its stake in shares of Manitowoc by 8.7% in the third quarter. Fisher Asset Management LLC now owns 117,640 shares of the industrial products company’s stock valued at $1,132,000 after buying an additional 9,388 shares during the period. Quantbot Technologies LP increased its position in Manitowoc by 94.7% in the 3rd quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company’s stock valued at $82,000 after acquiring an additional 4,128 shares during the period. Quadrature Capital Ltd bought a new position in shares of Manitowoc during the third quarter valued at $148,000. State Street Corp lifted its holdings in shares of Manitowoc by 8.1% during the third quarter. State Street Corp now owns 852,093 shares of the industrial products company’s stock worth $8,197,000 after purchasing an additional 64,101 shares during the period. Finally, Jane Street Group LLC lifted its holdings in shares of Manitowoc by 103.0% during the third quarter. Jane Street Group LLC now owns 81,647 shares of the industrial products company’s stock worth $785,000 after purchasing an additional 41,427 shares during the period. 78.66% of the stock is currently owned by institutional investors and hedge funds.

Manitowoc Stock Performance

NYSE MTW opened at $9.71 on Tuesday. The company has a market capitalization of $340.98 million, a price-to-earnings ratio of 6.26 and a beta of 1.84. The Manitowoc Company, Inc. has a twelve month low of $8.30 and a twelve month high of $14.32. The stock has a fifty day simple moving average of $9.96 and a 200 day simple moving average of $9.79. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. Sell-side analysts expect that The Manitowoc Company, Inc. will post 0.5 EPS for the current year.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.