Allspring Global Investments Holdings LLC Has $1.22 Million Stock Position in Core Molding Technologies Inc (NYSEAMERICAN:CMT)

Allspring Global Investments Holdings LLC reduced its stake in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 42.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,159 shares of the industrial products company's stock after selling 59,906 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.89% of Core Molding Technologies worth $1,218,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. GAMMA Investing LLC raised its position in Core Molding Technologies by 38,585.0% in the first quarter. GAMMA Investing LLC now owns 7,737 shares of the industrial products company's stock valued at $118,000 after purchasing an additional 7,717 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Core Molding Technologies by 22.2% in the fourth quarter. Baird Financial Group Inc. now owns 98,327 shares of the industrial products company's stock worth $1,626,000 after purchasing an additional 17,894 shares in the last quarter. Northern Trust Corp increased its holdings in Core Molding Technologies by 8.3% in the fourth quarter. Northern Trust Corp now owns 67,572 shares of the industrial products company's stock worth $1,118,000 after purchasing an additional 5,202 shares in the last quarter. American Century Companies Inc. grew its stake in Core Molding Technologies by 0.6% in the fourth quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock valued at $3,291,000 after acquiring an additional 1,191 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Core Molding Technologies in the fourth quarter valued at approximately $676,000. 58.79% of the stock is owned by institutional investors and hedge funds.

Core Molding Technologies Trading Up 1.5%

CMT stock opened at $17.35 on Wednesday. The stock has a fifty day simple moving average of $16.20. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.08 and a current ratio of 2.50. Core Molding Technologies Inc has a 1-year low of $12.25 and a 1-year high of $19.20. The stock has a market capitalization of $160.66 million, a PE ratio of 12.95 and a beta of 0.81.

Insiders Place Their Bets

In other Core Molding Technologies news, CEO David L. Duvall sold 11,300 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $16.02, for a total value of $181,026.00. Following the sale, the chief executive officer directly owned 228,480 shares in the company, valued at $3,660,249.60. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 43,740 shares of company stock valued at $708,175 over the last 90 days. 10.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Roth Capital set a $22.00 target price on Core Molding Technologies in a research report on Wednesday, March 12th.

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.

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