StockNews.com Begins Coverage on Manitex International (NASDAQ:MNTX)

StockNews.com started coverage on shares of Manitex International (NASDAQ:MNTX) in a research note published on Monday. The brokerage issued a hold rating on the industrial products company’s stock.

MNTX has been the topic of a number of other research reports. Northland Securities reaffirmed a “market perform” rating and issued a $5.80 target price (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th.

Manitex International Stock Up 0.2 %

Shares of NASDAQ MNTX opened at $5.80 on Monday. The firm’s 50-day moving average is $5.74 and its two-hundred day moving average is $5.14. The company has a market capitalization of $118.30 million, a PE ratio of 12.61 and a beta of 0.77. Manitex International has a 12-month low of $3.07 and a 12-month high of $8.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.64 and a quick ratio of 0.66.

Hedge Funds Weigh In On Manitex International

Several institutional investors and hedge funds have recently modified their holdings of MNTX. Empowered Funds LLC purchased a new stake in Manitex International in the 3rd quarter worth approximately $480,000. Marshall Wace LLP purchased a new stake in shares of Manitex International in the second quarter valued at $128,000. De Lisle Partners LLP grew 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 purchasing an additional 940,670 shares during the period. First Eagle Investment Management LLC increased its stake in Manitex International by 2.9% in the second quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its position in Manitex International by 0.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock worth $4,064,000 after buying an additional 2,871 shares during the period. Hedge funds and other institutional investors own 46.01% of the company’s stock.

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.