Manitowoc Company, Inc. (The) (MTW) Reaches New 52-Week High
- Angie Alvarado
The stock exchanged hands 2.88 Million shares versus average trading capacity of 1.63 Million shares.
Consequently Manitowoc Company (NYSE:MTW)'s weekly and monthly volatility is 5.77%, 4.07% respectively. (The) were worth $2,150,000 as of its most recent SEC filing. Jpmorgan Chase And invested 0% in Manitowoc Company Inc (NYSE:MTW). Leavell Investment Management Inc. increased its position in shares of Manitowoc Company, Inc. (The) by 1,649.5% in the first quarter.
Manitowoc Company (NYSE:MTW) shares traded on 0% up secure line and closed at $7.8. JPMorgan Chase & Co. boosted its stake in Manitowoc Company, Inc. (The) by 8.7% in the first quarter.
The top 5 institutional holders, in ascending order, are as follows: ICAHN CARL C with 10.58 million shares, VANGUARD GROUP INC with 10.15 million shares, BLACKROCK INC. with 8.8 million shares, FIREFLY VALUE PARTNERS, LP with 7.69 million shares, and DIMENSIONAL FUND ADVISORS LP with 7.15 million shares. Finally, Southpoint Capital Advisors LP raised its position in shares of Manitowoc Company, Inc. Qci Asset Management Ny holds 1,500 shares. (The) during the fourth quarter valued at about $17,367,000. Norges Bank bought a new position in Manitowoc Company, Inc. (The) by 6.3% in the second quarter.
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Several hedge funds have recently added to or reduced their stakes in the stock. On the bright side, the company's share price has been on the rebound, up more than 64.38% since hitting lows of $3.65 on November 04, 2016.
Manitowoc Company (NYSE:MTW) 52-week high price stands at $7.57 and low price stands at $3.65, its price distance from 52-week high is -2.11% while its distance from 52-week low price is 103.01%. Its share price has risen 30.46% in three months and is up 29.77% for the last five trades. The corporation has a market cap of US$1.09 Billion.
The firm has a 50 day moving average price of $6.08 and a 200 day moving average price of $6.05. (NYSE:MTW) reported after more than 20 years of service to The Manitowoc Company, Lawrence J. Weyers provided notice to the Board of Directors of the Company of his desire to leave the Company, effective August 31, 2017. The industrial products company reported $0.05 EPS for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The)'s revenue for the quarter was down 13.8% compared to the same quarter a year ago. Manitowoc continues to drive new programs in the aftermarket business, which contributed around 20% of revenues in the reported quarter. On average, analysts predict that Manitowoc Company, Inc. will post ($0.31) EPS for the current year. Adjusted operating income was $15.9 million compared to $13.9 million in the year-ago quarter. On average, analysts anticipate that Manitowoc Company, Inc. will post ($0.31) earnings per share for the current fiscal year.
WARNING: This story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. The original version of this article can be accessed at https://weekherald.com/2017/08/09/manitowoc-company-inc-the-nysemtw-sets-new-12-month-high-following-earnings-beat.html.
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In terms of Buy, Sell or Hold recommendations, Manitowoc Company (NYSE:MTW) has analysts' mean recommendation of 2.6. Deutsche Bank AG increased their price objective on Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the company a "neutral" rating in a report on Wednesday. Kbc Grp Inc Nv stated it has 0% of its portfolio in Manitowoc Company Inc (NYSE:MTW). (The) from a "strong sell" rating to a "sell" rating in a research note on Friday, June 2nd. Royal Bank Of Canada reissued a "hold" rating and issued a $6.50 price target on shares of Manitowoc Company, Inc. Carolin Roger Anthony had sold 10,000 shares worth $120,500 on Thursday, June 8.
Insider Trading Activity for The Manitowoc Company, Inc. Goldman Sachs downgraded the shares of MTW in report on Monday, July 27 to "Sell" rating.
May 13 investment analysts at Citigroup made no change to the company rating of "Neutral" and raised the price target from $4.50 to $6.00. (Manitowoc) (MTW), launched on July 15, 1920, is a provider of engineered lifting equipment for the global construction industry.
ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. The Company designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name.
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