45,319 Shares in The Manitowoc Company, Inc. (NYSE:MTW) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC bought a new stake in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 45,319 shares of the industrial products company's stock, valued at approximately $414,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Manitowoc as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MTW. First Eagle Investment Management LLC increased its stake in Manitowoc by 207.9% during the fourth quarter. First Eagle Investment Management LLC now owns 589,154 shares of the industrial products company's stock valued at $5,379,000 after purchasing an additional 397,837 shares during the last quarter. Front Street Capital Management Inc. raised its stake in Manitowoc by 7.8% during the fourth quarter. Front Street Capital Management Inc. now owns 3,369,583 shares of the industrial products company's stock worth $30,764,000 after acquiring an additional 243,077 shares during the period. Kennedy Capital Management LLC lifted its holdings in Manitowoc by 61.9% in the fourth quarter. Kennedy Capital Management LLC now owns 608,730 shares of the industrial products company's stock worth $5,558,000 after acquiring an additional 232,744 shares during the last quarter. Hodges Capital Management Inc. boosted its stake in Manitowoc by 93.9% in the fourth quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company's stock valued at $4,242,000 after acquiring an additional 225,090 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Manitowoc by 84.5% during the fourth quarter. JPMorgan Chase & Co. now owns 228,645 shares of the industrial products company's stock valued at $2,088,000 after purchasing an additional 104,709 shares during the last quarter. 78.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on Manitowoc from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $10.66.

Manitowoc Stock Performance

Shares of MTW traded down $0.13 during trading hours on Tuesday, reaching $8.32. 271,836 shares of the company's stock traded hands, compared to its average volume of 288,181. The Manitowoc Company, Inc. has a twelve month low of $7.06 and a twelve month high of $13.46. The business's fifty day simple moving average is $8.61 and its two-hundred day simple moving average is $9.44. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.97 and a quick ratio of 0.60. The firm has a market capitalization of $294.77 million, a price-to-earnings ratio of 5.37 and a beta of 1.92.

Manitowoc (NYSE:MTW - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The industrial products company reported ($0.16) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.03). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. During the same quarter in the prior year, the company earned $0.14 EPS. The company's revenue was down 4.9% on a year-over-year basis. Analysts predict that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current year.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.