Rutabaga Capital Management LLC MA lessened its stake in shares of Manitex International Inc (NASDAQ:MNTX) by 33.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 667,800 shares of the industrial products company’s stock after selling 339,513 shares during the period. Manitex International makes up approximately 1.5% of Rutabaga Capital Management LLC MA’s portfolio, making the stock its 25th biggest position. Rutabaga Capital Management LLC MA’s holdings in Manitex International were worth $6,411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Manitex International by 1.8% during the second quarter. Vanguard Group Inc. now owns 520,258 shares of the industrial products company’s stock worth $3,632,000 after buying an additional 9,279 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Manitex International by 110.5% during the third quarter. Wedbush Securities Inc. now owns 30,858 shares of the industrial products company’s stock worth $277,000 after buying an additional 16,200 shares during the last quarter. WealthTrust Axiom LLC grew its stake in shares of Manitex International by 2.5% during the fourth quarter. WealthTrust Axiom LLC now owns 863,164 shares of the industrial products company’s stock worth $8,286,000 after buying an additional 20,777 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Manitex International during the third quarter worth $189,000. Finally, Shaker Investments LLC OH grew its stake in shares of Manitex International by 26.8% during the fourth quarter. Shaker Investments LLC OH now owns 124,600 shares of the industrial products company’s stock worth $1,196,000 after buying an additional 26,300 shares during the last quarter. 61.09% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Manitex International Inc (NASDAQ MNTX) opened at $11.35 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Manitex International Inc has a one year low of $6.21 and a one year high of $11.91. The firm has a market cap of $187.92, a price-to-earnings ratio of -8.60 and a beta of 1.75.

A number of analysts have weighed in on the stock. Zacks Investment Research raised shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, December 20th. Roth Capital cut shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Tuesday, November 7th.

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Manitex International Company Profile

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

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

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