1.33 is Manitowoc Co Inc’s (NYSE:MTW) Institutional Investor Sentiment

January 16, 2018 - By Stephen Andrade

 1.33 is Manitowoc Co Inc's (NYSE:MTW) Institutional Investor Sentiment

Sentiment for Manitowoc Co Inc (NYSE:MTW)

Manitowoc Co Inc (NYSE:MTW) institutional sentiment increased to 1.33 in 2017 Q3. Its up 0.32, from 1.01 in 2017Q2. The ratio has increased, as 85 investment professionals opened new or increased equity positions, while 64 cut down and sold positions in Manitowoc Co Inc. The investment professionals in our partner’s database reported: 109.39 million shares, up from 109.24 million shares in 2017Q2. Also, the number of investment professionals holding Manitowoc Co Inc in their top 10 equity positions decreased from 3 to 2 for a decrease of 1. Sold All: 22 Reduced: 42 Increased: 48 New Position: 37.

The Manitowoc Company, Inc. provides engineered lifting equipment for the construction industry worldwide. The company has market cap of $1.41 billion. The firm creates and makes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks the National Crane brand. It currently has negative earnings. It also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services under the Manitowoc Crane Care brand.

The stock increased 1.98% or $0.78 during the last trading session, reaching $40.14. About 294,775 shares traded. The Manitowoc Company, Inc. (NYSE:MTW) has risen 0.72% since January 16, 2017 and is uptrending. It has underperformed by 15.98% the S&P500.

Analysts await The Manitowoc Company, Inc. (NYSE:MTW) to report earnings on February, 7. They expect $-0.08 earnings per share, up 91.30 % or $0.84 from last year’s $-0.92 per share. After $0.36 actual earnings per share reported by The Manitowoc Company, Inc. for the previous quarter, Wall Street now forecasts -122.22 % negative EPS growth.

Firefly Value Partners Lp holds 8.52% of its portfolio in The Manitowoc Company, Inc. for 9.35 million shares. Rutabaga Capital Management Llc Ma owns 3.10 million shares or 5.96% of their US portfolio. Moreover, Southpoint Capital Advisors Lp has 2.59% invested in the company for 7.00 million shares. The Texas-based Van Den Berg Management I Inc has invested 1.81% in the stock. 13D Management Llc, a New York-based fund reported 477,378 shares.#img1#

The Manitowoc Company, Inc. (NYSE:MTW) Ratings Coverage

Ratings analysis reveals 35% of Manitowoc Company’s analysts are positive. Out of 17 Wall Street analysts rating Manitowoc Company, 6 give it “Buy”, 0 “Sell” rating, while 11 recommend “Hold”. The lowest target is $3.25 while the high is $47.0. The stock’s average target of $14.22 is -64.57% below today’s ($40.14) share price. MTW was included in 60 notes of analysts from July 27, 2015. As per Wednesday, June 21, the company rating was maintained by RBC Capital Markets. The stock has “Neutral” rating by SunTrust on Tuesday, November 3. On Wednesday, July 19 the stock rating was maintained by Jefferies with “Buy”. The firm has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Monday, November 2 with “Sector Perform”. The stock of The Manitowoc Company, Inc. (NYSE:MTW) has “Equal-Weight” rating given on Wednesday, October 12 by Barclays Capital. The firm has “Buy” rating by Seaport Global given on Monday, November 20. The firm has “Hold” rating given on Friday, July 31 by BB&T Capital. The rating was maintained by Robert W. Baird with “Buy” on Tuesday, October 10. Deutsche Bank maintained The Manitowoc Company, Inc. (NYSE:MTW) on Wednesday, October 12 with “Hold” rating.

More notable recent The Manitowoc Company, Inc. (NYSE:MTW) news were published by: Businesswire.com which released: “The Manitowoc Company, Inc. Announces Plan for Reverse Stock Split” on September 14, 2017, also Businesswire.com with their article: “The Manitowoc Company, Inc. Announces 1-for-4 Reverse Stock Split” published on November 17, 2017, Biztimes.com published: “The Manitowoc Company moving HQ to Milwaukee” on January 15, 2018. More interesting news about The Manitowoc Company, Inc. (NYSE:MTW) were released by: Areadevelopment.com and their article: “The Manitowoc Company Relocates to Milwaukee, Wisconsin” published on January 16, 2018 as well as Seekingalpha.com‘s news article titled: “The Manitowoc Company: Time To Take Profits” with publication date: November 26, 2017.

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