Bank of New York Mellon Corp boosted its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Free Report) by 16.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,108 shares of the industrial products company’s stock after buying an additional 3,638 shares during the quarter. Bank of New York Mellon Corp’s holdings in Core Molding Technologies were worth $744,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Core Molding Technologies by 669.3% in the 2nd quarter. BlackRock Inc. now owns 419,435 shares of the industrial products company’s stock valued at $9,542,000 after purchasing an additional 364,916 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Core Molding Technologies by 83.6% during the second quarter. Acadian Asset Management LLC now owns 186,854 shares of the industrial products company’s stock worth $4,246,000 after acquiring an additional 85,083 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Core Molding Technologies by 124.9% during the second quarter. Geode Capital Management LLC now owns 141,221 shares of the industrial products company’s stock worth $3,213,000 after acquiring an additional 78,436 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Core Molding Technologies during the first quarter worth $1,287,000. Finally, State Street Corp raised its position in shares of Core Molding Technologies by 263.5% during the second quarter. State Street Corp now owns 90,132 shares of the industrial products company’s stock worth $2,051,000 after acquiring an additional 65,339 shares during the last quarter. Institutional investors and hedge funds own 50.43% of the company’s stock.
Core Molding Technologies Trading Up 0.6 %
NYSEAMERICAN CMT opened at $17.02 on Friday. The stock has a market capitalization of $153.86 million, a P/E ratio of 6.47 and a beta of 1.65. The company has a quick ratio of 1.46, a current ratio of 1.93 and a debt-to-equity ratio of 0.16. Core Molding Technologies, Inc. has a 12 month low of $14.29 and a 12 month high of $30.09.
Analyst Upgrades and Downgrades
About Core Molding Technologies
Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.
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