Bank of New York Mellon Corp Has $1.05 Million Stock Position in The Manitowoc Company, Inc. (NYSE:MTW)

Bank of New York Mellon Corp cut its stake in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,477 shares of the industrial products company's stock after selling 31,416 shares during the period. Bank of New York Mellon Corp owned 0.33% of Manitowoc worth $1,045,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC grew its holdings in shares of Manitowoc by 8.7% during the third quarter. Fisher Asset Management LLC now owns 117,640 shares of the industrial products company's stock valued at $1,132,000 after purchasing an additional 9,388 shares during the last quarter. Quantbot Technologies LP boosted its position in shares of Manitowoc by 94.7% during the third quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company's stock worth $82,000 after buying an additional 4,128 shares during the period. Quadrature Capital Ltd bought a new position in shares of Manitowoc in the third quarter worth $148,000. State Street Corp increased its stake in Manitowoc by 8.1% during the 3rd quarter. State Street Corp now owns 852,093 shares of the industrial products company's stock valued at $8,197,000 after buying an additional 64,101 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Manitowoc by 103.0% during the third quarter. Jane Street Group LLC now owns 81,647 shares of the industrial products company's stock valued at $785,000 after acquiring an additional 41,427 shares during the period. 78.66% of the stock is currently owned by institutional investors and hedge funds.

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Manitowoc Price Performance

NYSE MTW traded down $0.54 on Friday, reaching $8.90. 171,931 shares of the stock traded hands, compared to its average volume of 279,762. The firm's fifty day simple moving average is $9.99 and its 200 day simple moving average is $9.79. The company has a market cap of $312.52 million, a price-to-earnings ratio of 5.74 and a beta of 1.84. The Manitowoc Company, Inc. has a 12 month low of $8.30 and a 12 month high of $14.32. The company has a quick ratio of 0.60, a current ratio of 1.97 and a debt-to-equity ratio of 0.70.

Manitowoc (NYSE:MTW - Get Free Report) last announced its earnings results on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Manitowoc had a return on equity of 2.46% and a net margin of 2.56%. As a group, research analysts predict that The Manitowoc Company, Inc. will post 0.5 EPS for the current fiscal year.

Manitowoc Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.