Charles Schwab Investment Management Inc. Sells 111,029 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

Charles Schwab Investment Management Inc. lessened its position in The Manitowoc Company, Inc. (NYSE:MTW) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,880 shares of the industrial products company’s stock after selling 111,029 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.14% of Manitowoc worth $3,660,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in Manitowoc in the 4th quarter worth about $66,000. Quantbot Technologies LP grew its stake in shares of Manitowoc by 94.7% during the third quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company’s stock valued at $82,000 after buying an additional 4,128 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Manitowoc by 14.5% in the fourth quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,944 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Manitowoc during the 3rd quarter worth approximately $148,000. Finally, Strong Tower Advisory Services boosted its holdings in Manitowoc by 94.4% during the 4th quarter. Strong Tower Advisory Services now owns 39,041 shares of the industrial products company’s stock valued at $356,000 after acquiring an additional 18,957 shares during the period. 78.66% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Stock Performance

MTW stock opened at $9.47 on Thursday. The Manitowoc Company, Inc. has a twelve month low of $8.30 and a twelve month high of $14.32. The firm has a market cap of $332.54 million, a price-to-earnings ratio of 6.11 and a beta of 1.84. The business’s fifty day simple moving average is $9.98 and its two-hundred day simple moving average is $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 posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported $0.10 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%. Analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current year.

Manitowoc 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.