The Manitowoc Company, Inc. (NYSE:MTW) Stake Boosted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC increased its stake in The Manitowoc Company, Inc. (NYSE:MTWFree Report) by 330.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 46,926 shares of the industrial products company’s stock after purchasing an additional 36,025 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.13% of Manitowoc worth $706,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTW. Spire Wealth Management bought a new stake in shares of Manitowoc during the third quarter valued at approximately $174,000. Swiss National Bank boosted its holdings in Manitowoc by 1.7% in the third quarter. Swiss National Bank now owns 77,250 shares of the industrial products company’s stock valued at $1,163,000 after acquiring an additional 1,300 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Manitowoc by 6.1% in the third quarter. Avantax Advisory Services Inc. now owns 35,810 shares of the industrial products company’s stock valued at $539,000 after acquiring an additional 2,071 shares during the last quarter. Boston Partners boosted its holdings in Manitowoc by 10.4% in the third quarter. Boston Partners now owns 151,397 shares of the industrial products company’s stock valued at $2,278,000 after acquiring an additional 14,269 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Manitowoc by 63.0% in the third quarter. Barclays PLC now owns 48,029 shares of the industrial products company’s stock valued at $722,000 after acquiring an additional 18,561 shares during the last quarter. 77.70% of the stock is currently owned by institutional investors and hedge funds.

Manitowoc Stock Down 1.1 %

Shares of Manitowoc stock opened at $16.86 on Monday. The business’s 50 day simple moving average is $16.12 and its 200 day simple moving average is $15.41. The Manitowoc Company, Inc. has a 52-week low of $12.20 and a 52-week high of $20.20. The firm has a market cap of $591.45 million, a PE ratio of -6.06 and a beta of 2.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.57 and a current ratio of 1.79.

Analysts Set New Price Targets

MTW has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Manitowoc from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Monday, October 16th. StockNews.com upgraded Manitowoc from a “hold” rating to a “buy” rating in a report on Friday, January 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $17.43.

View Our Latest Research Report on Manitowoc

About Manitowoc

(Free Report)

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. 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.

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Institutional Ownership by Quarter for Manitowoc (NYSE:MTW)

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