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

Geode Capital Management LLC lifted its stake in Manitex International, Inc. (NASDAQ:MNTX) by 2.2% in the third quarter, HoldingsChannel.com reports. The fund 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’s holdings in Manitex International were worth $928,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Marshall Wace LLP purchased a new stake in Manitex International in the second quarter worth approximately $128,000. Cutter & CO Brokerage Inc. lifted its holdings in shares of Manitex International by 123.7% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock valued at $278,000 after buying an additional 27,291 shares during the period. Empowered Funds LLC purchased a new position in shares of Manitex International in the 3rd quarter worth $480,000. Renaissance Technologies LLC boosted its stake in shares of Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after buying an additional 16,433 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of 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 acquiring an additional 8,500 shares during the period. 46.01% of the stock is owned by hedge funds and other institutional investors.

Manitex International Stock Up 0.2 %

Shares of MNTX stock opened at $5.80 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66. Manitex International, Inc. has a one year low of $3.07 and a one year high of $8.60. The company’s fifty day moving average price is $5.75 and its 200-day moving average price is $5.16. The company has a market capitalization of $118.30 million, a price-to-earnings ratio of 12.61 and a beta of 0.77.

Analysts Set New Price Targets

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

Manitex International 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.