The Manitowoc Company, Inc. (NYSE:MTW) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP grew its position in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 34.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 194,786 shares of the industrial products company's stock after purchasing an additional 50,276 shares during the quarter. Two Sigma Investments LP owned about 0.55% of Manitowoc worth $1,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC grew its holdings in shares of Manitowoc by 207.9% during the fourth quarter. First Eagle Investment Management LLC now owns 589,154 shares of the industrial products company's stock valued at $5,379,000 after buying an additional 397,837 shares during the last quarter. Front Street Capital Management Inc. boosted its stake 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 worth $30,764,000 after acquiring an additional 243,077 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Manitowoc by 61.9% during 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 in the last quarter. Hodges Capital Management Inc. raised its position in shares of Manitowoc by 93.9% during the 4th quarter. Hodges Capital Management Inc. now owns 464,720 shares of the industrial products company's stock worth $4,242,000 after purchasing an additional 225,090 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Manitowoc by 35.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 550,416 shares of the industrial products company's stock worth $5,025,000 after purchasing an additional 144,390 shares during the last quarter. 78.66% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Stock Performance

Shares of NYSE:MTW traded down $0.03 on Wednesday, reaching $10.75. The company's stock had a trading volume of 133,144 shares, compared to its average volume of 292,081. The Manitowoc Company, Inc. has a 52-week low of $7.06 and a 52-week high of $13.46. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.97 and a quick ratio of 0.60. The stock's 50-day moving average is $9.05 and its two-hundred day moving average is $9.53. The stock has a market capitalization of $381.01 million, a P/E ratio of 6.94 and a beta of 1.92.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Robert W. Baird cut their price target on shares of Manitowoc from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. UBS Group boosted their price target on shares of Manitowoc from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $10.86.

Insider Activity

In other news, CEO Aaron H. Ravenscroft acquired 3,000 shares of Manitowoc stock in a transaction that occurred on Wednesday, May 7th. The shares were acquired at an average price of $8.68 per share, with a total value of $26,040.00. Following the completion of the purchase, the chief executive officer now owns 690,142 shares of the company's stock, valued at approximately $5,990,432.56. This represents a 0.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.52% of the company's stock.

Manitowoc 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.