Marshall Wace LLP Makes New $128,000 Investment in Manitex International, Inc. (NASDAQ:MNTX)

Marshall Wace LLP acquired a new position in shares of Manitex International, Inc. (NASDAQ:MNTX) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 28,944 shares of the industrial products company’s stock, valued at approximately $128,000. Marshall Wace LLP owned about 0.14% of Manitex International at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC increased its stake in shares of Manitex International by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 307,868 shares of the industrial products company’s stock valued at $2,112,000 after acquiring an additional 4,666 shares during the last quarter. First Eagle Investment Management LLC increased its stake in shares of Manitex International by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock valued at $1,356,000 after acquiring an additional 8,500 shares during the last quarter. Ancora Advisors LLC increased its stake in shares of Manitex International by 95.1% in the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock valued at $1,183,000 after acquiring an additional 84,029 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Manitex International by 13.1% in the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock valued at $629,000 after acquiring an additional 16,433 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Manitex International by 2,049.4% in the 1st quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock valued at $462,000 after acquiring an additional 64,187 shares during the last quarter. 46.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Northland Capmk lowered Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 13th. StockNews.com assumed coverage on Manitex International in a research report on Thursday. They issued a “hold” rating for the company. Finally, Northland Securities reiterated a “market perform” rating and issued a $5.80 price objective (down from $8.00) on shares of Manitex International in a research report on Friday, September 13th.

Manitex International Trading Down 0.4 %

NASDAQ MNTX opened at $5.67 on Monday. The company has a market cap of $115.67 million, a PE ratio of 10.90 and a beta of 0.76. The company has a current ratio of 1.55, a quick ratio of 0.67 and a debt-to-equity ratio of 0.78. Manitex International, Inc. has a 12 month low of $3.07 and a 12 month high of $9.16. The stock has a 50 day moving average of $4.72 and a 200-day moving average of $5.24.

Manitex International (NASDAQ:MNTX) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $76.24 million for the quarter, compared to analysts’ expectations of $75.23 million. Manitex International had a return on equity of 18.79% and a net margin of 3.56%. On average, equities research analysts anticipate that Manitex International, Inc. will post 0.33 EPS for the current fiscal year.

About Manitex International

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.