Manitex International Inc (NASDAQ:MNTX) – Research analysts at Seaport Global Securities decreased their FY2017 earnings estimates for shares of Manitex International in a research report issued on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will post earnings of $0.20 per share for the year, down from their previous forecast of $0.21. Seaport Global Securities also issued estimates for Manitex International’s Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.46 EPS and FY2019 earnings at $0.62 EPS.
MNTX has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a report on Wednesday, December 20th. Roth Capital lowered shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Tuesday, November 7th.
Institutional investors and hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in shares of Manitex International in the 3rd quarter worth approximately $996,000. Shufro Rose & Co. LLC lifted its holdings in shares of Manitex International by 11.8% in the 3rd quarter. Shufro Rose & Co. LLC now owns 279,200 shares of the industrial products company’s stock worth $2,507,000 after acquiring an additional 29,500 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Manitex International during the 3rd quarter valued at $702,000. Granahan Investment Management Inc. MA raised its holdings in Manitex International by 152.2% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 82,601 shares of the industrial products company’s stock valued at $742,000 after buying an additional 49,845 shares during the last quarter. Finally, Cortina Asset Management LLC raised its holdings in Manitex International by 16.4% during the 3rd quarter. Cortina Asset Management LLC now owns 764,091 shares of the industrial products company’s stock valued at $6,862,000 after buying an additional 107,707 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
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Manitex International Company Profile
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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