Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Down 7.2% in August

Core Molding Technologies, Inc. (NYSEAMERICAN:CMTGet Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 178,800 shares, a decline of 7.2% from the August 15th total of 192,700 shares. Based on an average daily trading volume, of 42,600 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.3% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

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Insiders Place Their Bets

In other news, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the completion of the sale, the executive vice president now owns 52,799 shares of the company’s stock, valued at $944,574.11. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO David L. Duvall sold 11,000 shares of Core Molding Technologies stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $17.94, for a total transaction of $197,340.00. Following the completion of the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at $6,752,203.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Renee R. Anderson sold 11,380 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the sale, the executive vice president now directly owns 52,799 shares in the company, valued at approximately $944,574.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 73,411 shares of company stock valued at $1,333,020. 13.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tieton Capital Management LLC grew its stake in Core Molding Technologies by 151.9% in the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock valued at $2,830,000 after acquiring an additional 107,041 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Core Molding Technologies by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock worth $2,156,000 after purchasing an additional 2,039 shares in the last quarter. American Century Companies Inc. grew its position in Core Molding Technologies by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after purchasing an additional 28,376 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Core Molding Technologies during the 2nd quarter valued at $27,000. Finally, LSV Asset Management acquired a new position in Core Molding Technologies during the second quarter worth $36,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Core Molding Technologies Stock Down 0.4 %

Shares of Core Molding Technologies stock traded down $0.08 during trading on Wednesday, reaching $18.00. 1,859 shares of the company traded hands, compared to its average volume of 45,871. The company has a market capitalization of $157.68 million, a PE ratio of 8.66 and a beta of 1.67. Core Molding Technologies has a 1-year low of $14.64 and a 1-year high of $30.09. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.31. The firm had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. As a group, sell-side analysts predict that Core Molding Technologies will post 1.53 EPS for the current fiscal year.

Core Molding Technologies Company Profile

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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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