Short Interest in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Declines By 8.9%

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 162,900 shares, a drop of 8.9% from the August 31st total of 178,800 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average daily trading volume, of 43,700 shares, the short-interest ratio is currently 3.7 days.

Core Molding Technologies Stock Down 5.0 %

Shares of NYSEAMERICAN CMT opened at $17.03 on Tuesday. Core Molding Technologies has a 1 year low of $14.64 and a 1 year high of $30.09. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28. The stock has a market capitalization of $149.18 million, a PE ratio of 8.19 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.31. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. The company had revenue of $88.74 million during the quarter, compared to analyst estimates of $78.75 million. As a group, analysts predict that Core Molding Technologies will post 1.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Core Molding Technologies

In other news, CFO John P. Zimmer sold 13,653 shares of Core Molding Technologies stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.30, for a total transaction of $249,849.90. Following the sale, the chief financial officer now directly owns 115,559 shares in the company, valued at approximately $2,114,729.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CFO John P. Zimmer sold 13,653 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $18.30, for a total value of $249,849.90. Following the sale, the chief financial officer now owns 115,559 shares of the company’s stock, valued at approximately $2,114,729.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John P. Zimmer sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.64, for a total transaction of $37,280.00. Following the transaction, the chief financial officer now owns 129,212 shares in the company, valued at $2,408,511.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 73,411 shares of company stock worth $1,333,020. Company insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On Core Molding Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ashton Thomas Private Wealth LLC bought a new stake in shares of Core Molding Technologies in the 2nd quarter valued at $27,000. LSV Asset Management bought a new position in shares of Core Molding Technologies during the 2nd quarter valued at about $36,000. Public Employees Retirement System of Ohio bought a new stake in Core Molding Technologies during the 1st quarter worth approximately $155,000. Rhumbline Advisers increased its stake in Core Molding Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 866 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after buying an additional 593 shares in the last quarter. 58.79% of the stock is owned by institutional investors.

Core Molding Technologies Company 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.