Renaissance Technologies LLC Trims Holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Renaissance Technologies LLC lowered its position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 0.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 523,864 shares of the industrial products company’s stock after selling 3,600 shares during the period. Renaissance Technologies LLC owned 0.06% of Core Molding Technologies worth $8,350,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CMT. Jump Financial LLC lifted its position in shares of Core Molding Technologies by 62.7% in the fourth quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 4,579 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Core Molding Technologies in the 4th quarter worth approximately $212,000. Gendell Jeffrey L lifted its holdings in Core Molding Technologies by 38.4% in the 4th quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock worth $1,423,000 after purchasing an additional 21,290 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Core Molding Technologies by 45.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock worth $2,915,000 after purchasing an additional 47,826 shares during the period. Finally, Denali Advisors LLC grew its holdings in Core Molding Technologies by 26.7% during the 1st quarter. Denali Advisors LLC now owns 24,700 shares of the industrial products company’s stock valued at $468,000 after buying an additional 5,200 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Core Molding Technologies news, CFO John P. Zimmer sold 2,000 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.64, for a total value of $37,280.00. Following the transaction, the chief financial officer now owns 129,212 shares of the company’s stock, valued at approximately $2,408,511.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO John P. Zimmer sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total transaction of $37,280.00. Following the transaction, the chief financial officer now directly owns 129,212 shares of the company’s stock, valued at $2,408,511.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Renee R. Anderson sold 13,282 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $18.17, for a total value of $241,333.94. Following the completion of the transaction, the executive vice president now directly owns 64,517 shares in the company, valued at approximately $1,172,273.89. The disclosure for this sale can be found here. Insiders sold a total of 73,411 shares of company stock valued at $1,333,020 over the last 90 days. Insiders own 13.10% of the company’s stock.

Core Molding Technologies Stock Up 1.0 %

NYSEAMERICAN:CMT opened at $17.69 on Wednesday. The company has a market capitalization of $154.96 million, a PE ratio of 8.50 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86. Core Molding Technologies, Inc. has a 1 year low of $14.64 and a 1 year high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.31. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. The business had revenue of $88.74 million for the quarter, compared to analysts’ expectations of $78.75 million. Research analysts anticipate that Core Molding Technologies, Inc. will post 1.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 29th.

About Core Molding Technologies

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.