The Manitowoc Company, Inc. (NYSE:MTW) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC lifted its holdings in shares of The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 88.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,792 shares of the industrial products company's stock after acquiring an additional 72,145 shares during the period. Jane Street Group LLC owned 0.44% of Manitowoc worth $1,404,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

MTW has been the topic of several recent research reports. UBS Group boosted their price objective on shares of Manitowoc from $9.00 to $11.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird cut their target price on shares of Manitowoc from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $10.86.

Insider Buying and Selling

In other Manitowoc news, CEO Aaron H. Ravenscroft purchased 3,000 shares of the firm's stock in a transaction on Wednesday, May 7th. The shares were purchased at an average cost of $8.68 per share, with a total value of $26,040.00. Following the purchase, the chief executive officer now owns 690,142 shares in the company, valued at approximately $5,990,432.56. This represents a 0.44% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.60% of the stock is owned by company insiders.

Manitowoc Price Performance

Shares of NYSE:MTW traded down $0.23 on Friday, hitting $10.33. The company had a trading volume of 204,875 shares, compared to its average volume of 293,602. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The company has a market cap of $365.98 million, a PE ratio of 6.66 and a beta of 1.92. The Manitowoc Company, Inc. has a 52-week low of $7.06 and a 52-week high of $13.46. The business has a 50 day moving average of $8.90 and a 200 day moving average of $9.53.

Manitowoc (NYSE:MTW - Get Free Report) last announced its earnings results on Tuesday, May 6th. The industrial products company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.03). The firm had revenue of $470.90 million during the quarter, compared to analyst estimates of $479.39 million. Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. The company's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities analysts anticipate that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current fiscal 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.