American Century Companies Inc. Increases Stock Position in Core Molding Technologies Inc $CMT

Key Points

• American Century Companies Inc. increased its stake in Core Molding Technologies Inc. by 10.4%, owning approximately 219,724 shares valued at $3.34 million at the end of the first quarter.
• Additional institutional investors are also boosting their positions, with Deutsche Bank AG raising its stake by 99.2%, and GAMMA Investing LLC increasing its holdings by an astounding 38,585.0%.
• Core Molding Technologies shares recently opened at $19.20, with a market cap of approximately $170.11 million and a price-to-earnings ratio of 17.78.

American Century Companies Inc. lifted its position in shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 219,724 shares of the industrial products company's stock after purchasing an additional 20,730 shares during the period. American Century Companies Inc. owned 2.45% of Core Molding Technologies worth $3,340,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CMT. Deutsche Bank AG increased its stake in Core Molding Technologies by 99.2% in the 4th quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company's stock valued at $106,000 after buying an additional 3,177 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 acquiring an additional 7,717 shares in the last quarter. Barclays PLC increased its position in shares of Core Molding Technologies by 14.3% during the fourth quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock valued at $188,000 after acquiring an additional 1,426 shares during the last quarter. Nuveen LLC bought a new stake in Core Molding Technologies during the first quarter worth $258,000. Finally, Russell Investments Group Ltd. purchased a new position in Core Molding Technologies in the first quarter worth $288,000. 58.79% of the stock is owned by institutional investors.

Core Molding Technologies Price Performance

Shares of Core Molding Technologies stock opened at $19.20 on Friday. The stock has a market cap of $170.11 million, a price-to-earnings ratio of 17.78 and a beta of 0.79. Core Molding Technologies Inc has a 1 year low of $12.25 and a 1 year high of $19.47. The company has a current ratio of 2.85, a quick ratio of 2.36 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $17.38.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, Director Thomas R. Cellitti sold 3,103 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $18.64, for a total value of $57,839.92. Following the transaction, the director directly owned 96,165 shares in the company, valued at $1,792,515.60. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Duvall sold 4,046 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $16.50, for a total transaction of $66,759.00. Following the transaction, the chief executive officer directly owned 198,780 shares of the company's stock, valued at $3,279,870. This represents a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,740 shares of company stock valued at $896,300 in the last 90 days. 10.00% of the stock is currently owned by corporate insiders.

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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