Tectonic Advisors LLC Has $726,000 Holdings in The Manitowoc Company, Inc. (NYSE:MTW)

Tectonic Advisors LLC increased its position in The Manitowoc Company, Inc. (NYSE:MTW) by 103.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 79,465 shares of the industrial products company’s stock after buying an additional 40,333 shares during the period. Tectonic Advisors LLC’s holdings in Manitowoc were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hodges Capital Management Inc. increased its stake in shares of Manitowoc by 93.9% in the fourth quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company’s stock worth $4,242,000 after purchasing an additional 225,090 shares during the period. R Squared Ltd acquired a new stake in Manitowoc in the 4th quarter valued at approximately $66,000. SG Americas Securities LLC increased its position in Manitowoc by 14.5% in the 4th quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company’s stock worth $140,000 after buying an additional 1,944 shares during the period. Strong Tower Advisory Services lifted its holdings in shares of Manitowoc by 94.4% during the fourth quarter. Strong Tower Advisory Services now owns 39,041 shares of the industrial products company’s stock worth $356,000 after buying an additional 18,957 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Manitowoc by 6.2% in the third quarter. JPMorgan Chase & Co. now owns 123,936 shares of the industrial products company’s stock valued at $1,192,000 after acquiring an additional 7,191 shares during the period. Institutional investors and hedge funds own 78.66% of the company’s stock.

Manitowoc Trading Down 0.8 %

Shares of MTW stock opened at $9.72 on Thursday. The firm has a fifty day moving average of $9.46 and a 200-day moving average of $9.91. The stock has a market cap of $341.26 million, a price-to-earnings ratio of -35.98 and a beta of 1.83. The Manitowoc Company, Inc. has a 52-week low of $8.30 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 1.97.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MTW shares. Robert W. Baird dropped their target price on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on shares of Manitowoc from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Monday, October 14th. Finally, StockNews.com raised shares of Manitowoc from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.47.

About Manitowoc

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.