Renaissance Technologies LLC Trims Stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Renaissance Technologies LLC cut its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 0.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 523,864 shares of the industrial products company’s stock after selling 3,600 shares during the period. Renaissance Technologies LLC owned 5.73% of Core Molding Technologies worth $8,350,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Core Molding Technologies during the 2nd quarter valued at $27,000. LSV Asset Management bought a new stake in Core Molding Technologies during the second quarter worth about $36,000. Public Employees Retirement System of Ohio purchased a new stake in Core Molding Technologies in the first quarter worth about $155,000. Rhumbline Advisers increased its stake in shares of Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Core Molding Technologies during the fourth quarter valued at approximately $212,000. 58.79% of the stock is owned by institutional investors.

Insider Activity at Core Molding Technologies

In other news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the completion of the transaction, the executive vice president now owns 52,799 shares in the company, valued at $944,574.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Renee R. Anderson sold 13,282 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $18.17, for a total transaction of $241,333.94. Following the transaction, the executive vice president now owns 64,517 shares in the company, valued at $1,172,273.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Renee R. Anderson sold 11,380 shares of Core Molding Technologies stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the sale, the executive vice president now directly owns 52,799 shares of the company’s stock, valued at approximately $944,574.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,411 shares of company stock valued at $1,333,020. 13.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

Core Molding Technologies Stock Up 1.0 %

CMT opened at $17.69 on Wednesday. The stock has a market capitalization of $154.96 million, a PE ratio of 8.50 and a beta of 1.67. Core Molding Technologies, Inc. has a 1 year low of $14.64 and a 1 year high of $30.09. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

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

Core Molding Technologies Profile

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.