Raymond James Financial Services Advisors Inc. Invests $625,000 in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Raymond James Financial Services Advisors Inc. purchased a new position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 33,716 shares of the industrial products company’s stock, valued at approximately $625,000. Raymond James Financial Services Advisors Inc. owned 0.37% of Core Molding Technologies as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC boosted its position in Core Molding Technologies by 7.7% during the second quarter. Renaissance Technologies LLC now owns 566,274 shares of the industrial products company’s stock valued at $12,883,000 after purchasing an additional 40,410 shares in the last quarter. BlackRock Inc. boosted its position in Core Molding Technologies by 669.3% during the second quarter. BlackRock Inc. now owns 419,435 shares of the industrial products company’s stock valued at $9,542,000 after purchasing an additional 364,916 shares in the last quarter. Vanguard Group Inc. boosted its position in Core Molding Technologies by 8.6% during the third quarter. Vanguard Group Inc. now owns 368,628 shares of the industrial products company’s stock valued at $10,502,000 after purchasing an additional 29,317 shares in the last quarter. Acadian Asset Management LLC boosted its position in Core Molding Technologies by 7.2% during the third quarter. Acadian Asset Management LLC now owns 200,228 shares of the industrial products company’s stock valued at $5,702,000 after purchasing an additional 13,374 shares in the last quarter. Finally, Invesco Ltd. bought a new stake in Core Molding Technologies during the third quarter valued at about $4,157,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN CMT opened at $19.06 on Thursday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 1.75. The stock has a market capitalization of $174.40 million, a price-to-earnings ratio of 8.25 and a beta of 1.67. Core Molding Technologies, Inc. has a fifty-two week low of $16.00 and a fifty-two week high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.19. The business had revenue of $73.78 million during the quarter, compared to the consensus estimate of $69.60 million. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. As a group, equities research analysts forecast that Core Molding Technologies, Inc. will post 1.52 earnings per share for the current fiscal year.

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.