The Manitowoc Company, Inc. (NYSE:MTW) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC decreased its holdings in shares of The Manitowoc Company, Inc. (NYSE:MTW) by 15.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,614 shares of the industrial products company’s stock after selling 32,370 shares during the period. Isthmus Partners LLC’s holdings in Manitowoc were worth $1,757,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. US Bancorp DE increased its position in Manitowoc by 88.1% during the 3rd quarter. US Bancorp DE now owns 2,834 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,327 shares during the period. CWM LLC increased its position in Manitowoc by 97.0% during the 2nd quarter. CWM LLC now owns 3,010 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 1,482 shares during the period. Price T Rowe Associates Inc. MD increased its position in Manitowoc by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,810 shares of the industrial products company’s stock worth $563,000 after purchasing an additional 1,516 shares during the period. Point72 Asset Management L.P. increased its position in Manitowoc by 63.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 4,728 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 1,828 shares during the period. Finally, Goldstein Advisors LLC increased its position in Manitowoc by 14.0% during the 2nd quarter. Goldstein Advisors LLC now owns 16,300 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 2,000 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Analyst Upgrades and Downgrades

MTW has been the topic of a number of research reports. The Goldman Sachs Group lowered their price target on Manitowoc from $13.00 to $11.30 and set a “sell” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. StockNews.com upgraded Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays lowered their price target on Manitowoc from $12.00 to $9.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Finally, Robert W. Baird lowered their price target on Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $12.47.

Manitowoc Price Performance

MTW stock opened at $10.63 on Friday. The Manitowoc Company, Inc. has a 1 year low of $8.50 and a 1 year high of $17.65. 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 stock’s 50 day moving average price is $9.95 and its 200 day moving average price is $10.63. The firm has a market cap of $373.43 million, a P/E ratio of -39.37 and a beta of 1.84.

Manitowoc (NYSE:MTW) last posted its earnings results on Wednesday, October 30th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.14). Manitowoc had a negative net margin of 0.40% and a positive return on equity of 2.40%. The company had revenue of $524.80 million during the quarter, compared to analysts’ expectations of $516.49 million. During the same period in the previous year, the company posted $0.22 EPS. Manitowoc’s quarterly revenue was up .7% compared to the same quarter last year. On average, sell-side analysts expect that The Manitowoc Company, Inc. will post 0.46 earnings per share for the current fiscal year.

About Manitowoc

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.