Charles Schwab Investment Management Inc. Sells 111,029 Shares of The Manitowoc Company, Inc. (NYSE:MTW)

Charles Schwab Investment Management Inc. trimmed its holdings in The Manitowoc Company, Inc. (NYSE:MTW - Free Report) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 400,880 shares of the industrial products company's stock after selling 111,029 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.14% of Manitowoc worth $3,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its holdings in Manitowoc by 14.5% during the fourth quarter. SG Americas Securities LLC now owns 15,359 shares of the industrial products company's stock worth $140,000 after buying an additional 1,944 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Manitowoc by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 794,335 shares of the industrial products company's stock valued at $7,643,000 after acquiring an additional 2,224 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Manitowoc by 94.7% during the 3rd quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company's stock worth $82,000 after acquiring an additional 4,128 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Manitowoc by 6.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 123,936 shares of the industrial products company's stock worth $1,192,000 after acquiring an additional 7,191 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Manitowoc during the fourth quarter worth $66,000. Institutional investors own 78.66% of the company's stock.

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Manitowoc Trading Down 5.7 %

Shares of NYSE MTW traded down $0.54 during mid-day trading on Friday, hitting $8.90. 171,931 shares of the company traded hands, compared to its average volume of 280,034. The business has a 50 day moving average of $9.98 and a two-hundred day moving average of $9.79. The stock has a market capitalization of $312.52 million, a price-to-earnings ratio of 5.74 and a beta of 1.84. The Manitowoc Company, Inc. has a 1 year low of $8.30 and a 1 year 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 posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04). Manitowoc had a net margin of 2.56% and a return on equity of 2.46%. On average, sell-side analysts anticipate that The Manitowoc Company, Inc. will post 0.5 earnings per share for the current fiscal year.

About Manitowoc

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.