Allspring Global Investments Holdings LLC Lowers Position in Core Molding Technologies Inc (NYSEAMERICAN:CMT)

Allspring Global Investments Holdings LLC reduced its position in Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 42.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Deutsche Bank AG raised its holdings in shares of Core Molding Technologies by 99.2% in the fourth quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company's stock valued at $106,000 after acquiring an additional 3,177 shares in the last quarter. GAMMA Investing LLC raised its holdings 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 worth $118,000 after purchasing an additional 7,717 shares in the last quarter. Barclays PLC raised its holdings in Core Molding Technologies by 14.3% in the fourth quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock worth $188,000 after purchasing an additional 1,426 shares in the last quarter. Bank of America Corp DE raised its holdings in Core Molding Technologies by 7.3% in the fourth quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company's stock worth $386,000 after purchasing an additional 1,585 shares in the last quarter. Finally, 4WEALTH Advisors Inc. bought a new position in Core Molding Technologies in the fourth quarter worth about $399,000. 58.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Core Molding Technologies

In related news, CEO David L. Duvall sold 11,300 shares of the 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 completion of the transaction, the chief executive officer directly owned 228,480 shares of the company's stock, valued at approximately $3,660,249.60. This represents a 4.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 43,740 shares of company stock worth $708,175. Corporate insiders own 10.00% of the company's stock.

Core Molding Technologies Trading Up 0.1%

Core Molding Technologies stock traded up $0.03 during mid-day trading on Thursday, hitting $17.52. The company had a trading volume of 2,868 shares, compared to its average volume of 39,099. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.50 and a quick ratio of 2.08. Core Molding Technologies Inc has a 12-month low of $12.25 and a 12-month high of $19.20. The firm's fifty day moving average is $16.24. The stock has a market cap of $162.19 million, a P/E ratio of 13.07 and a beta of 0.81.

Analysts Set New Price Targets

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

Core Molding Technologies 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.