Auxier Asset Management Sells 31,068 Shares of Manitex International, Inc. (NASDAQ:MNTX)

Auxier Asset Management trimmed its position in Manitex International, Inc. (NASDAQ:MNTX) by 19.0% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 132,783 shares of the industrial products company’s stock after selling 31,068 shares during the period. Auxier Asset Management owned about 0.65% of Manitex International worth $748,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cutter & CO Brokerage Inc. boosted its stake in Manitex International by 17.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 3,340 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Manitex International during the second quarter worth $128,000. O Shaughnessy Asset Management LLC lifted its stake in Manitex International by 20.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 34,620 shares of the industrial products company’s stock valued at $237,000 after buying an additional 5,853 shares during the period. Russell Investments Group Ltd. boosted its holdings in Manitex International by 2,049.4% during the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock worth $462,000 after buying an additional 64,187 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in Manitex International during the third quarter worth about $480,000. 46.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MNTX shares. StockNews.com started coverage on shares of Manitex International in a research report on Wednesday. They issued a “hold” rating on the stock. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $5.80 price objective (down previously from $8.00) on shares of Manitex International in a research note on Friday, September 13th.

Manitex International Stock Performance

Shares of MNTX stock opened at $5.73 on Friday. The company has a market capitalization of $116.89 million, a P/E ratio of 12.46 and a beta of 0.77. Manitex International, Inc. has a 52 week low of $3.07 and a 52 week high of $9.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. The company’s 50 day moving average price is $5.69 and its two-hundred day moving average price is $5.15.

Manitex International 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.