Virtu Financial LLC Acquires New Shares in Manitex International, Inc. (NASDAQ:MNTX)

Virtu Financial LLC bought a new stake in Manitex International, Inc. (NASDAQ:MNTX) during the third quarter, Holdings Channel reports. The institutional investor bought 44,116 shares of the industrial products company’s stock, valued at approximately $248,000.

Several other hedge funds also recently bought and sold shares of MNTX. Pacific Ridge Capital Partners LLC grew its stake in shares of Manitex International by 0.3% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 917,475 shares of the industrial products company’s stock valued at $4,064,000 after buying an additional 2,871 shares in the last quarter. Cutter & CO Brokerage Inc. lifted its stake in Manitex International by 17.8% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after acquiring an additional 3,340 shares during the last quarter. Geode Capital Management LLC grew its position in Manitex International by 2.2% in the third quarter. Geode Capital Management LLC now owns 164,868 shares of the industrial products company’s stock worth $928,000 after acquiring an additional 3,601 shares in the last quarter. First Eagle Investment Management LLC increased its stake in shares of Manitex International by 2.9% during the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 16,433 shares during the last quarter. 46.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MNTX. StockNews.com initiated coverage on shares of Manitex International in a report on Friday, December 13th. They issued a “hold” rating for the company. Northland Securities reaffirmed a “market perform” rating and issued a $5.80 price target (down previously from $8.00) on shares of Manitex International in a research report on Friday, September 13th. Finally, Northland Capmk lowered Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th.

Manitex International Trading Down 0.2 %

NASDAQ:MNTX opened at $5.74 on Wednesday. The company’s 50 day moving average is $5.72 and its 200-day moving average is $5.06. The company has a quick ratio of 0.66, a current ratio of 1.64 and a debt-to-equity ratio of 0.75. Manitex International, Inc. has a 12 month low of $3.07 and a 12 month high of $9.16. The firm has a market cap of $117.08 million, a price-to-earnings ratio of 12.48 and a beta of 0.77.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.