Belpointe Asset Management LLC Trims Position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Belpointe Asset Management LLC cut its position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) by 74.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,550 shares of the industrial products company’s stock after selling 10,300 shares during the period. Belpointe Asset Management LLC’s holdings in Core Molding Technologies were worth $46,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada increased its stake in shares of Core Molding Technologies by 6.9% in the third quarter. Royal Bank of Canada now owns 15,503 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 1,003 shares in the last quarter. Gendell Jeffrey L grew its stake in Core Molding Technologies by 0.9% during the third quarter. Gendell Jeffrey L now owns 295,141 shares of the industrial products company’s stock valued at $2,931,000 after acquiring an additional 2,582 shares in the last quarter. State Street Corp grew its stake in Core Molding Technologies by 16.4% during the first quarter. State Street Corp now owns 19,561 shares of the industrial products company’s stock valued at $210,000 after acquiring an additional 2,753 shares in the last quarter. Koss Olinger Consulting LLC grew its stake in Core Molding Technologies by 24.5% during the third quarter. Koss Olinger Consulting LLC now owns 19,121 shares of the industrial products company’s stock valued at $190,000 after acquiring an additional 3,767 shares in the last quarter. Finally, Thompson Davis & CO. Inc. purchased a new position in Core Molding Technologies during the third quarter valued at $571,000. 40.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Core Molding Technologies

In related news, EVP James C. Highfield sold 1,310 shares of Core Molding Technologies stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $19.30, for a total transaction of $25,283.00. Following the completion of the sale, the executive vice president now owns 45,437 shares in the company, valued at approximately $876,934.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Eric Palomaki sold 5,000 shares of Core Molding Technologies stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $20.50, for a total transaction of $102,500.00. Following the completion of the sale, the executive vice president now owns 152,348 shares in the company, valued at approximately $3,123,134. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP James C. Highfield sold 1,310 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $19.30, for a total transaction of $25,283.00. Following the completion of the sale, the executive vice president now owns 45,437 shares of the company’s stock, valued at approximately $876,934.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,847 shares of company stock worth $863,166. 13.70% of the stock is currently owned by insiders.

Core Molding Technologies Stock Performance

Shares of NYSEAMERICAN:CMT opened at $18.76 on Thursday. The firm has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $13.38. The stock has a market capitalization of $170.90 million, a P/E ratio of 12.94 and a beta of 1.78. The company has a quick ratio of 1.12, a current ratio of 1.59 and a debt-to-equity ratio of 0.20. Core Molding Technologies, Inc. has a 52 week low of $8.50 and a 52 week high of $20.72.

Core Molding Technologies (NYSEAMERICAN:CMT – Get Rating) last released its earnings results on Tuesday, March 14th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $86.44 million during the quarter. Core Molding Technologies had a net margin of 3.23% and a return on equity of 12.65%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CMT. StockNews.com cut shares of Core Molding Technologies from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 1st. EF Hutton Acquisition Co. I raised their target price on shares of Core Molding Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, March 14th.

Core Molding Technologies Company Profile

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Core Molding Technologies, Inc engages in manufacturing of sheet molding compound and molding of fiberglass reinforced plastics. It focuses on producing large-format moldings and offers a range of fiberglass processes, spray-up, hand-lay-up, and resin transfer molding. The company was founded in 1996 and is headquartered in Columbus, OH.