Bank of New York Mellon Corp Has $381,000 Stock Position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Bank of New York Mellon Corp lessened its stake in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,007 shares of the industrial products company’s stock after selling 4,794 shares during the period. Bank of New York Mellon Corp owned about 0.26% of Core Molding Technologies worth $381,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CMT. MetLife Investment Management LLC lifted its stake in Core Molding Technologies by 131.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 2,529 shares in the last quarter. Barclays PLC increased its holdings in shares of Core Molding Technologies by 278.9% in the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 7,318 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of Core Molding Technologies in the fourth quarter worth approximately $189,000. Walleye Capital LLC purchased a new stake in shares of Core Molding Technologies in the third quarter worth approximately $195,000. Finally, White Pine Capital LLC acquired a new stake in shares of Core Molding Technologies during the fourth quarter worth approximately $256,000. 58.79% of the stock is owned by hedge funds and other institutional investors.

Core Molding Technologies Stock Up 1.3 %

Shares of CMT opened at $15.22 on Friday. Core Molding Technologies, Inc. has a twelve month low of $12.25 and a twelve month high of $21.00. The company has a market cap of $136.37 million, a P/E ratio of 8.60 and a beta of 1.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41.

Analyst Ratings Changes

Separately, Roth Capital set a $22.00 target price on Core Molding Technologies in a research note on Wednesday, March 12th.

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.