Russell Investments Group Ltd. Makes New $27,000 Investment in Manitex International, Inc. (NASDAQ:MNTX)

Russell Investments Group Ltd. acquired a new position in Manitex International, Inc. (NASDAQ:MNTX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,132 shares of the industrial products company’s stock, valued at approximately $27,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kennedy Capital Management LLC boosted its stake in Manitex International by 2.3% in the third quarter. Kennedy Capital Management LLC now owns 315,641 shares of the industrial products company’s stock worth $1,474,000 after purchasing an additional 7,123 shares in the last quarter. My Personal CFO LLC acquired a new position in Manitex International in the fourth quarter worth $87,000. Ritholtz Wealth Management acquired a new position in Manitex International in the fourth quarter worth $111,000. Finally, First Eagle Investment Management LLC boosted its stake in Manitex International by 16.3% in the third quarter. First Eagle Investment Management LLC now owns 301,084 shares of the industrial products company’s stock worth $1,406,000 after purchasing an additional 42,261 shares in the last quarter. Institutional investors and hedge funds own 46.01% of the company’s stock.

Manitex International Trading Up 0.8 %

Shares of MNTX opened at $6.13 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.57 and a debt-to-equity ratio of 0.84. Manitex International, Inc. has a 12-month low of $3.72 and a 12-month high of $9.16. The firm has a market capitalization of $124.81 million, a PE ratio of 13.04 and a beta of 0.86. The stock’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $6.94.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.12. Manitex International had a return on equity of 18.93% and a net margin of 3.23%. The business had revenue of $73.34 million for the quarter, compared to analyst estimates of $71.01 million. As a group, research analysts predict that Manitex International, Inc. will post 0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised Manitex International from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th.

Manitex International Company 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.