Geode Capital Management LLC Increases Holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Geode Capital Management LLC raised its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 1.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 174,999 shares of the industrial products company’s stock after buying an additional 2,737 shares during the period. Geode Capital Management LLC’s holdings in Core Molding Technologies were worth $3,012,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Core Molding Technologies during the 2nd quarter worth approximately $27,000. LSV Asset Management purchased a new position in Core Molding Technologies in the second quarter worth approximately $36,000. MetLife Investment Management LLC grew its position in Core Molding Technologies by 131.0% in the third quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after acquiring an additional 2,529 shares during the period. Barclays PLC increased its stake in Core Molding Technologies by 278.9% during the third quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock worth $172,000 after acquiring an additional 7,318 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Core Molding Technologies by 8.4% in the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares during the period. 58.79% of the stock is owned by institutional investors and hedge funds.

Core Molding Technologies Trading Down 0.8 %

NYSEAMERICAN CMT opened at $15.61 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. The firm has a market cap of $139.87 million, a PE ratio of 8.82 and a beta of 1.75. Core Molding Technologies, Inc. has a twelve month low of $14.64 and a twelve month high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.13. The company had revenue of $72.99 million during the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. As a group, equities research analysts expect that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO David L. Duvall sold 14,171 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $16.54, for a total value of $234,388.34. Following the completion of the transaction, the chief executive officer now owns 243,341 shares of the company’s stock, valued at approximately $4,024,860.14. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John P. Zimmer sold 7,600 shares of Core Molding Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $17.78, for a total transaction of $135,128.00. Following the completion of the transaction, the chief financial officer now owns 107,959 shares of the company’s stock, valued at $1,919,511.02. This trade represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,190 shares of company stock valued at $734,561. Company insiders own 13.10% of the company’s stock.

Core Molding Technologies Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.