Barclays PLC lessened its stake in shares of Manitex International Inc (NASDAQ:MNTX) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,976 shares of the industrial products company’s stock after selling 7,488 shares during the quarter. Barclays PLC owned approximately 0.10% of Manitex International worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Manitex International by 18.8% in the 3rd quarter. Vanguard Group Inc. now owns 715,261 shares of the industrial products company’s stock worth $7,532,000 after purchasing an additional 113,430 shares in the last quarter. Intrinsic Edge Capital Management LLC boosted its position in shares of Manitex International by 60.0% in the 4th quarter. Intrinsic Edge Capital Management LLC now owns 106,228 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 39,831 shares in the last quarter. BlackRock Inc. boosted its position in shares of Manitex International by 1.3% in the 3rd quarter. BlackRock Inc. now owns 719,892 shares of the industrial products company’s stock worth $7,581,000 after purchasing an additional 9,453 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Manitex International by 37.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 252,936 shares of the industrial products company’s stock worth $2,663,000 after purchasing an additional 69,354 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of Manitex International in the 3rd quarter worth $106,000. 52.89% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on MNTX shares. Zacks Investment Research cut Manitex International from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. ValuEngine raised Manitex International from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Finally, Roth Capital reissued a “buy” rating on shares of Manitex International in a research report on Friday, March 15th.

Shares of MNTX stock opened at $7.66 on Wednesday. The firm has a market capitalization of $160.17 million, a P/E ratio of 23.21 and a beta of 1.52. The company has a quick ratio of 1.01, a current ratio of 1.81 and a debt-to-equity ratio of 0.57. Manitex International Inc has a 1 year low of $5.00 and a 1 year high of $13.26.

Manitex International (NASDAQ:MNTX) last issued its earnings results on Thursday, March 14th. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). The firm had revenue of $60.59 million during the quarter, compared to analysts’ expectations of $63.20 million. Manitex International had a positive return on equity of 6.75% and a negative net margin of 5.44%. Analysts forecast that Manitex International Inc will post 0.47 EPS for the current fiscal year.

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About Manitex International

Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.

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Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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