Raymond James Financial Inc. Acquires New Shares in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Raymond James Financial Inc. bought a new stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 40,864 shares of the industrial products company's stock, valued at approximately $676,000. Raymond James Financial Inc. owned 0.46% of Core Molding Technologies at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CMT. American Century Companies Inc. grew its stake in shares of Core Molding Technologies by 0.6% in the 4th quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock valued at $3,291,000 after buying an additional 1,191 shares in the last quarter. Empowered Funds LLC boosted its holdings in Core Molding Technologies by 5.0% in the fourth quarter. Empowered Funds LLC now owns 37,974 shares of the industrial products company's stock worth $628,000 after purchasing an additional 1,792 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Core Molding Technologies by 3.5% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 154,604 shares of the industrial products company's stock worth $2,557,000 after buying an additional 5,284 shares during the last quarter. Inspire Advisors LLC lifted its position in shares of Core Molding Technologies by 38.4% in the fourth quarter. Inspire Advisors LLC now owns 26,214 shares of the industrial products company's stock worth $434,000 after buying an additional 7,275 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Core Molding Technologies by 278.9% in the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company's stock valued at $172,000 after acquiring an additional 7,318 shares in the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN CMT traded up $0.68 during trading hours on Friday, hitting $15.59. 50,864 shares of the company's stock were exchanged, compared to its average volume of 39,683. The stock has a market cap of $139.69 million, a PE ratio of 8.81 and a beta of 1.74. The firm has a 50-day moving average of $14.93. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98. Core Molding Technologies, Inc. has a 1-year low of $12.25 and a 1-year high of $21.00.

Analyst Upgrades and Downgrades

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

Core Molding Technologies Company 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.