Manitex International, Inc. (NASDAQ:MNTX) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in Manitex International, Inc. (NASDAQ:MNTX) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 306,084 shares of the industrial products company’s stock after acquiring an additional 8,500 shares during the quarter. First Eagle Investment Management LLC owned about 1.50% of Manitex International worth $1,356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MNTX. Russell Investments Group Ltd. purchased a new position in shares of Manitex International during the 4th quarter worth $27,000. Cutter & CO Brokerage Inc. grew its holdings in shares of Manitex International by 17.8% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock worth $98,000 after purchasing an additional 3,340 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Manitex International by 20.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock worth $237,000 after purchasing an additional 5,853 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 16,433 shares during the period. Finally, Ancora Advisors LLC grew its holdings in shares of Manitex International by 95.1% during the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock worth $1,183,000 after purchasing an additional 84,029 shares during the period. 46.01% of the stock is owned by institutional investors and hedge funds.

Manitex International Stock Performance

Shares of Manitex International stock opened at $5.62 on Friday. The business has a 50-day moving average of $4.50 and a 200 day moving average of $5.35. Manitex International, Inc. has a 12 month low of $3.07 and a 12 month high of $9.16. The stock has a market capitalization of $114.45 million, a price-to-earnings ratio of 11.96 and a beta of 0.75. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.55 and a quick ratio of 0.67.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $76.24 million during the quarter, compared to analysts’ expectations of $75.23 million. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. As a group, sell-side analysts forecast that Manitex International, Inc. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

MNTX has been the subject of a number of research analyst reports. Northland Capmk cut Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. StockNews.com cut Manitex International from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, Northland Securities restated a “market perform” rating and set a $5.80 target price (down from $8.00) on shares of Manitex International in a report on Friday, September 13th.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.