Raymond James Financial Inc. Invests $676,000 in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Raymond James Financial Inc. bought a new position in shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 40,864 shares of the industrial products company's stock, valued at approximately $676,000. Raymond James Financial Inc. owned 0.46% of Core Molding Technologies at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Core Molding Technologies by 1.6% in the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company's stock valued at $3,012,000 after purchasing an additional 2,737 shares in the last quarter. Barclays PLC grew its stake in shares of Core Molding Technologies by 278.9% in the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company's stock valued at $172,000 after buying an additional 7,318 shares during the period. State Street Corp increased its position in Core Molding Technologies by 0.8% in the 3rd quarter. State Street Corp now owns 157,430 shares of the industrial products company's stock valued at $2,709,000 after buying an additional 1,267 shares in the last quarter. Empowered Funds LLC raised its stake in Core Molding Technologies by 5.0% during the 4th quarter. Empowered Funds LLC now owns 37,974 shares of the industrial products company's stock worth $628,000 after buying an additional 1,792 shares during the period. Finally, Walleye Capital LLC bought a new position in Core Molding Technologies in the third quarter worth approximately $195,000. 58.79% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $22.00 price objective on Core Molding Technologies in a report on Wednesday, March 12th.

Core Molding Technologies Stock Up 2.0 %

Shares of Core Molding Technologies stock traded up $0.30 during trading hours on Friday, reaching $15.08. The company's stock had a trading volume of 19,122 shares, compared to its average volume of 40,809. The firm has a market capitalization of $135.12 million, a price-to-earnings ratio of 8.52 and a beta of 1.74. Core Molding Technologies, Inc. has a one year low of $12.25 and a one year high of $21.00. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Core Molding Technologies Company Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.