Manitex International (NASDAQ:MNTX) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Manitex International (NASDAQ:MNTX) in a research note issued to investors on Monday. The brokerage set a “hold” rating on the industrial products company’s stock.

A number of other brokerages have also issued reports on MNTX. Northland Securities reiterated a “market perform” rating and set a $5.80 price target (down from $8.00) on shares of Manitex International in a research note on Friday, September 13th. Northland Capmk downgraded shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 13th.

Manitex International Trading Up 0.2 %

Shares of NASDAQ MNTX opened at $5.80 on Monday. The company has a current ratio of 1.64, a quick ratio of 0.66 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $118.30 million, a PE ratio of 12.61 and a beta of 0.77. Manitex International has a twelve month low of $3.07 and a twelve month high of $8.60. The stock has a fifty day simple moving average of $5.74 and a 200-day simple moving average of $5.13.

Institutional Investors Weigh In On Manitex International

Hedge funds and other institutional investors have recently modified their holdings of the company. De Lisle Partners LLP raised its stake in 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 buying an additional 940,670 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in Manitex International by 0.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after purchasing an additional 2,871 shares in the last quarter. 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. Geode Capital Management LLC raised its holdings in Manitex International by 2.2% during the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after purchasing an additional 3,601 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after buying an additional 16,433 shares during the last quarter. 46.01% of the stock is currently owned by institutional investors and hedge funds.

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.