Bank of New York Mellon Corp Sells 4,794 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Bank of New York Mellon Corp lessened its holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 17.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 23,007 shares of the industrial products company’s stock after selling 4,794 shares during the period. Bank of New York Mellon Corp’s holdings in Core Molding Technologies were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CMT. MetLife Investment Management LLC lifted its position in shares of Core Molding Technologies by 131.0% during the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after buying an additional 2,529 shares during the period. Barclays PLC grew its position in Core Molding Technologies by 278.9% in the third quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after acquiring an additional 7,318 shares during the period. Stoneridge Investment Partners LLC acquired a new position in Core Molding Technologies during the fourth quarter worth $189,000. Walleye Capital LLC bought a new position in shares of Core Molding Technologies during the third quarter valued at $195,000. Finally, White Pine Capital LLC bought a new position in shares of Core Molding Technologies during the fourth quarter valued at $256,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

Core Molding Technologies Stock Performance

Shares of CMT stock opened at $15.22 on Friday. Core Molding Technologies, Inc. has a 52 week low of $12.25 and a 52 week high of $21.00. The firm has a market cap of $136.37 million, a PE ratio of 8.60 and a beta of 1.74. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Analyst Upgrades and Downgrades

Separately, Roth Capital set a $22.00 target price on Core Molding Technologies in a report on Wednesday, March 12th.

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.