SG Americas Securities LLC Purchases 1,944 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

SG Americas Securities LLC lifted its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 14.5% in the fourth quarter, Holdings Channel reports. The firm owned 15,359 shares of the industrial products company’s stock after buying an additional 1,944 shares during the period. SG Americas Securities LLC’s holdings in Manitowoc were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. State Street Corp increased its position in shares of Manitowoc by 8.1% in the 3rd quarter. State Street Corp now owns 852,093 shares of the industrial products company’s stock valued at $8,197,000 after acquiring an additional 64,101 shares during the period. Geode Capital Management LLC grew its stake in Manitowoc by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company’s stock valued at $7,643,000 after purchasing an additional 2,224 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Manitowoc by 1.3% in the third quarter. Victory Capital Management Inc. now owns 774,115 shares of the industrial products company’s stock valued at $7,447,000 after purchasing an additional 9,758 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of Manitowoc in the third quarter worth about $2,305,000. Finally, Empowered Funds LLC lifted its holdings in shares of Manitowoc by 5.4% during the third quarter. Empowered Funds LLC now owns 168,500 shares of the industrial products company’s stock worth $1,621,000 after purchasing an additional 8,576 shares during the period. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MTW has been the subject of a number of recent research reports. StockNews.com raised shares of Manitowoc from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their target price on shares of Manitowoc from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Monday, October 14th. Finally, Robert W. Baird reduced their price objective on Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.47.

Manitowoc Stock Up 1.8 %

MTW opened at $9.91 on Tuesday. The company has a fifty day moving average of $9.41 and a two-hundred day moving average of $9.84. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 1.97. The Manitowoc Company, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $17.65. The stock has a market capitalization of $348.17 million, a price-to-earnings ratio of -36.71 and a beta of 1.83.

Manitowoc Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.