Auxier Asset Management Has $748,000 Stock Position in Manitex International, Inc. (NASDAQ:MNTX)

Auxier Asset Management cut its stake in Manitex International, Inc. (NASDAQ:MNTX) by 19.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 132,783 shares of the industrial products company’s stock after selling 31,068 shares during the period. Auxier Asset Management’s holdings in Manitex International were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of MNTX. De Lisle Partners LLP boosted its position in shares of Manitex International by 359.3% in the third quarter. De Lisle Partners LLP now owns 1,202,466 shares of the industrial products company’s stock valued at $6,776,000 after acquiring an additional 940,670 shares during the period. Empowered Funds LLC bought a new stake in Manitex International in the 3rd quarter valued at about $480,000. Russell Investments Group Ltd. grew its position in shares of Manitex International by 2,049.4% during the 1st quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock worth $462,000 after purchasing an additional 64,187 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Manitex International during the second quarter worth approximately $128,000. Finally, Cutter & CO Brokerage Inc. increased its holdings in shares of Manitex International by 123.7% during the third quarter. Cutter & CO Brokerage Inc. now owns 49,350 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 27,291 shares during the period. 46.01% of the stock is currently owned by institutional investors and hedge funds.

Manitex International Stock Performance

Shares of MNTX stock opened at $5.73 on Friday. The business’s 50-day moving average price is $5.69 and its 200-day moving average price is $5.15. Manitex International, Inc. has a 12 month low of $3.07 and a 12 month high of $9.16. 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 firm has a market capitalization of $116.89 million, a price-to-earnings ratio of 12.46 and a beta of 0.77.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MNTX shares. Northland Securities reaffirmed a “market perform” rating and set a $5.80 price objective (down previously from $8.00) on shares of Manitex International in a research report on Friday, September 13th. StockNews.com started coverage on Manitex International in a research note on Wednesday. They issued a “hold” rating on the stock. Finally, Northland Capmk downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 13th.

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.