Manitex International Inc (NASDAQ:MNTX) Institutional Investors Sentiment Change

May 23, 2018 - By Henry Gaston

Sentiment for Manitex International Inc (NASDAQ:MNTX)

Manitex International Inc (NASDAQ:MNTX) institutional sentiment increased to 1.47 in 2017 Q4. Its up 0.24, from 1.23 in 2017Q3. The ratio is better, as 28 investment managers increased or started new holdings, while 19 sold and trimmed equity positions in Manitex International Inc. The investment managers in our partner’s database now own: 9.90 million shares, down from 10.68 million shares in 2017Q3. Also, the number of investment managers holding Manitex International Inc in their top 10 holdings was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 9 Increased: 18 New Position: 10.

Manitex International, Inc. provides engineered lifting and loading products worldwide. The company has market cap of $184.53 million. The firm operates through three divisions: Lifting Equipment, ASV, and Equipment Distribution divisions. It currently has negative earnings. The Lifting Equipment segment designs, makes, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.

The stock decreased 2.55% or $0.29 during the last trading session, reaching $11.07. About 25,939 shares traded. Manitex International, Inc. (NASDAQ:MNTX) has risen 72.38% since May 23, 2017 and is uptrending. It has outperformed by 60.83% the S&P500.

Analysts await Manitex International, Inc. (NASDAQ:MNTX) to report earnings on August, 2. They expect $0.12 EPS, up 100.00 % or $0.06 from last year’s $0.06 per share. MNTX’s profit will be $2.00 million for 23.06 P/E if the $0.12 EPS becomes a reality. After $0.05 actual EPS reported by Manitex International, Inc. for the previous quarter, Wall Street now forecasts 140.00 % EPS growth.

Wealthtrust Axiom Llc holds 3.08% of its portfolio in Manitex International, Inc. for 863,164 shares. Manatuck Hill Partners Llc owns 347,700 shares or 1.74% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.54% invested in the company for 606,684 shares. The Massachusetts-based Rutabaga Capital Management Llc Ma has invested 1.47% in the stock. First Wilshire Securities Management Inc, a California-based fund reported 519,364 shares.

Manitex International, Inc. (NASDAQ:MNTX) Ratings Coverage

Ratings analysis reveals 100% of Manitex International’s analysts are positive. Out of 2 Wall Street analysts rating Manitex International, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $12.0 while the high is $1300. The stock’s average target of $13 is 17.43% above today’s ($11.07) share price. MNTX was included in 3 notes of analysts from February 8, 2018. Seaport Global maintained the shares of MNTX in report on Wednesday, April 18 with “Buy” rating. Roth Capital upgraded Manitex International, Inc. (NASDAQ:MNTX) on Thursday, February 8 to “Buy” rating. The stock has “Buy” rating by Seaport Global on Wednesday, February 7.

More important recent Manitex International, Inc. (NASDAQ:MNTX) news were published by: Streetinsider.com which released: “Manitex Int’l (MNTX): Solid Beat, PT To $15 – Roth” on May 10, 2018, also Nasdaq.com published article titled: “Manitex International, Inc. Will Report First Quarter 2018 Financial Results on May 9, 2018”, Globenewswire.com published: “Manitex International, Inc. Reports First Quarter 2018 Results” on May 09, 2018. More interesting news about Manitex International, Inc. (NASDAQ:MNTX) was released by: Seekingalpha.com and their article: “Manitex International’s (MNTX) CEO David Langevin on Q1 2018 Results – Earnings Call Transcript” with publication date: May 10, 2018.

Manitex International, Inc. (NASDAQ:MNTX) Institutional Positions Chart

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