As Manitex International (MNTX) Stock Price Declined, Beddow Capital Management INC Has Upped Its Position by $3.66 Million

February 19, 2018 - By Winifred Garcia

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.27, from 0.96 in 2017Q2. It is positive, as 6 investors sold MNTX shares while 16 reduced holdings. 18 funds opened positions while 9 raised stakes. 10.68 million shares or 6.37% more from 10.04 million shares in 2017Q2 were reported. The Illinois-based Perritt Capital Management Incorporated has invested 0.51% in Manitex International, Inc. (NASDAQ:MNTX). Next Century Growth Invsts Ltd has 0.26% invested in Manitex International, Inc. (NASDAQ:MNTX). 8,737 were reported by Jpmorgan Chase And Company. Granahan Investment Mngmt Ma holds 82,601 shares. Oberweis Asset has invested 0.35% in Manitex International, Inc. (NASDAQ:MNTX). Awm Incorporated invested 0.76% in Manitex International, Inc. (NASDAQ:MNTX). Rutabaga Cap Mgmt Limited Liability Ma reported 1.93% stake. Wells Fargo & Mn has 0% invested in Manitex International, Inc. (NASDAQ:MNTX). Deutsche Bank Ag owns 55,837 shares or 0% of their US portfolio. Kennedy Mngmt accumulated 416,909 shares. Northern Corporation, Illinois-based fund reported 34,787 shares. Nationwide Fund Advisors owns 3,920 shares. Royal Bancorp Of Canada owns 16 shares or 0% of their US portfolio. Dimensional Fund Advsr LP invested in 119,364 shares. Blackrock reported 0% in Manitex International, Inc. (NASDAQ:MNTX).

Ed Beddow increased its stake in Manitex International (MNTX) by 2442.76% based on its latest 2017Q3 regulatory filing with the SEC. Beddow Capital Management Inc bought 732,828 shares as the company’s stock declined 16.57% while stock markets rallied. The hedge fund run by Ed Beddow held 762,828 shares of the technology company at the end of 2017Q3, valued at $4.20 million, up from 30,000 at the end of the previous reported quarter. Beddow Capital Management Inc who had been investing in Manitex International for a number of months, seems to be bullish on the $186.26 million market cap company. The stock increased 0.45% or $0.05 during the last trading session, reaching $11.25. About 53,320 shares traded. Manitex International, Inc. (NASDAQ:MNTX) has risen 8.39% since February 19, 2017 and is uptrending. It has underperformed by 8.31% the S&P500.

More notable recent Manitex International, Inc. (NASDAQ:MNTX) news were published by: Globenewswire.com which released: “Manitex International, Inc. Provides Preliminary Summary Report on Third …” on November 06, 2017, also Seekingalpha.com with their article: “Glimpses Of Progress At Manitex” published on February 09, 2018, Globenewswire.com published: “Manitex International, Inc. Welcomes Crane Sales & Service to North American …” on June 14, 2017. More interesting news about Manitex International, Inc. (NASDAQ:MNTX) were released by: Globenewswire.com and their article: “Manitex International, Inc. Announces $12 Million New Crane Order Taken at …” published on October 04, 2017 as well as Globenewswire.com‘s news article titled: “Manitex International, Inc. Names Steve Kiefer to President, North America” with publication date: September 19, 2017.

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

Among 2 analysts covering Manitex International (NASDAQ:MNTX), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Manitex International had 8 analyst reports since August 10, 2015 according to SRatingsIntel. Roth Capital downgraded the shares of MNTX in report on Tuesday, November 7 to “Hold” rating. Roth Capital maintained it with “Buy” rating and $8 target in Monday, August 10 report. Seaport Global maintained the stock with “Buy” rating in Wednesday, February 7 report. The rating was upgraded by Roth Capital on Thursday, February 8 to “Buy”. The firm has “Buy” rating by Roth Capital given on Friday, March 11. The firm has “Buy” rating by Roth Capital given on Wednesday, June 7. Roth Capital maintained the stock with “Buy” rating in Friday, August 4 report.

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