Goldstein Advisors LLC Has $232,000 Position in The Manitowoc Company, Inc. $MTW

Goldstein Advisors LLC grew its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 18.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,300 shares of the industrial products company’s stock after purchasing an additional 3,000 shares during the quarter. Goldstein Advisors LLC owned about 0.05% of Manitowoc worth $232,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in Manitowoc by 16.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 465,863 shares of the industrial products company’s stock worth $4,002,000 after purchasing an additional 64,983 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Manitowoc in the first quarter worth $380,000. Boston Partners acquired a new position in Manitowoc in the first quarter worth $248,000. Russell Investments Group Ltd. boosted its stake in Manitowoc by 779.8% in the first quarter. Russell Investments Group Ltd. now owns 163,029 shares of the industrial products company’s stock worth $1,400,000 after purchasing an additional 144,498 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Manitowoc by 126.6% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,573 shares of the industrial products company’s stock worth $477,000 after purchasing an additional 31,047 shares in the last quarter. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Stock Performance

MTW stock opened at $10.83 on Friday. The business’s fifty day moving average is $10.08 and its 200-day moving average is $10.46. The company has a quick ratio of 0.68, a current ratio of 2.07 and a debt-to-equity ratio of 0.67. The company has a market cap of $384.03 million, a P/E ratio of 8.66 and a beta of 2.16. The Manitowoc Company, Inc. has a twelve month low of $7.06 and a twelve month high of $13.61.

Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Tuesday, June 7th. The industrial products company reported ($0.06) earnings per share for the quarter. The company had revenue of $354.30 million during the quarter. Manitowoc had a net margin of 2.11% and a negative return on equity of 0.33%. Equities research analysts forecast that The Manitowoc Company, Inc. will post 0.5 EPS for the current year.

Analysts Set New Price Targets

MTW has been the topic of a number of recent research reports. Barclays increased their price objective on Manitowoc from $9.00 to $11.00 and gave the company an “underweight” rating in a research report on Monday, July 21st. Wall Street Zen upgraded Manitowoc from a “sell” rating to a “hold” rating in a research report on Tuesday, September 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Manitowoc in a research report on Wednesday, October 8th. Finally, Robert W. Baird decreased their price objective on Manitowoc from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Manitowoc has a consensus rating of “Reduce” and an average price target of $10.67.

Manitowoc Company Profile

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