Geode Capital Management LLC Boosts Stock Position in Manitex International, Inc. (NASDAQ:MNTX)

Geode Capital Management LLC boosted its holdings in shares of Manitex International, Inc. (NASDAQ:MNTX) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 164,868 shares of the industrial products company’s stock after purchasing an additional 3,601 shares during the period. Geode Capital Management LLC owned about 0.81% of Manitex International worth $928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Marshall Wace LLP bought a new stake in shares of Manitex International in the 2nd quarter worth approximately $128,000. Cutter & CO Brokerage Inc. lifted its stake in Manitex International by 123.7% in the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after acquiring an additional 27,291 shares during the period. Empowered Funds LLC bought a new stake in Manitex International in the third quarter valued at $480,000. Renaissance Technologies LLC increased its position in Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after purchasing an additional 16,433 shares during the period. Finally, First Eagle Investment Management LLC raised its stake in Manitex International by 2.9% in the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after buying an additional 8,500 shares in the last quarter. Institutional investors own 46.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. StockNews.com began coverage on Manitex International in a report on Monday, January 6th. They issued a “hold” rating for the company. Northland Securities reiterated a “market perform” rating and issued a $5.80 price target (down from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Finally, Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th.

Manitex International Stock Up 0.2 %

Shares of NASDAQ:MNTX opened at $5.80 on Friday. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $5.75 and a two-hundred day simple moving average of $5.16. Manitex International, Inc. has a 12-month low of $3.07 and a 12-month high of $8.60. The stock has a market capitalization of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77.

Manitex International Company Profile

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.