Mackenzie Financial Corp Has $1.17 Million Position in Core Molding Technologies Inc (NYSEAMERICAN:CMT)

Key Points

• Mackenzie Financial Corp increased its investment in Core Molding Technologies Inc by 185.3%, acquiring an additional 50,005 shares, bringing its total holdings to 76,994 shares valued at approximately $1.17 million.
• Insider selling was noted as CEO David L. Duvall sold 4,046 shares for about $66,759, reducing his ownership in the company, while overall insider ownership stands at 10%.
• Core Molding Technologies' stock is currently trading at $17.00, marking a 1.7% decrease, with a market capitalization of approximately $157.42 million.

Mackenzie Financial Corp increased its stake in Core Molding Technologies Inc (NYSEAMERICAN:CMT - Free Report) by 185.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,994 shares of the industrial products company's stock after purchasing an additional 50,005 shares during the period. Mackenzie Financial Corp owned 0.86% of Core Molding Technologies worth $1,170,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Deutsche Bank AG boosted its position in Core Molding Technologies by 99.2% during the 4th quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company's stock worth $106,000 after acquiring an additional 3,177 shares during the period. GAMMA Investing LLC raised its stake in shares of Core Molding Technologies by 38,585.0% during 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 in the last quarter. Barclays PLC raised its stake 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 purchasing an additional 1,426 shares in the last quarter. Bailard Inc. acquired a new stake in Core Molding Technologies in the first quarter worth about $291,000. Finally, Bank of New York Mellon Corp grew its position in Core Molding Technologies by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 24,888 shares of the industrial products company's stock valued at $378,000 after buying an additional 1,881 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company's stock.

Core Molding Technologies Stock Performance

Shares of CMT stock traded down $0.03 during midday trading on Friday, reaching $17.02. 19,678 shares of the company were exchanged, compared to its average volume of 35,940. The business has a 50 day simple moving average of $16.81. The stock has a market capitalization of $157.61 million, a P/E ratio of 15.76 and a beta of 0.79. Core Molding Technologies Inc has a 12 month low of $12.25 and a 12 month high of $18.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.08 and a current ratio of 2.85.

Insider Activity at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 11,300 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were 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 approximately $3,660,249.60. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 43,740 shares of company stock worth $708,175 in the last quarter. 10.00% of the stock is owned by company 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.