BNP Paribas Arbitrage SA increased its position in Manitowoc Company, Inc. (The) (NYSE:MTW) by 646.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,552 shares of the industrial products company’s stock after buying an additional 16,065 shares during the period. BNP Paribas Arbitrage SA’s holdings in Manitowoc Company, Inc. (The) were worth $111,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. increased its holdings in Manitowoc Company, Inc. (The) by 1.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,085 shares of the industrial products company’s stock worth $234,000 after buying an additional 406 shares during the last quarter. Bank of America Corp DE increased its holdings in Manitowoc Company, Inc. (The) by 1.6% in the first quarter. Bank of America Corp DE now owns 90,840 shares of the industrial products company’s stock worth $518,000 after buying an additional 1,391 shares during the last quarter. Birmingham Capital Management Co. Inc. AL increased its holdings in Manitowoc Company, Inc. (The) by 6.3% in the second quarter. Birmingham Capital Management Co. Inc. AL now owns 28,575 shares of the industrial products company’s stock worth $172,000 after buying an additional 1,700 shares during the last quarter. Nationwide Fund Advisors increased its holdings in Manitowoc Company, Inc. (The) by 1.7% in the first quarter. Nationwide Fund Advisors now owns 104,384 shares of the industrial products company’s stock worth $595,000 after buying an additional 1,783 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in Manitowoc Company, Inc. (The) by 1.1% in the second quarter. Rhumbline Advisers now owns 175,558 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 1,977 shares during the last quarter. Hedge funds and other institutional investors own 80.98% of the company’s stock.

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A number of research firms recently commented on MTW. UBS AG restated a “neutral” rating and issued a $8.00 price objective (up previously from $6.00) on shares of Manitowoc Company, Inc. (The) in a report on Thursday, August 10th. ValuEngine upgraded Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. TheStreet upgraded Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a report on Monday, August 7th. Robert W. Baird upgraded Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and increased their price target for the company from $6.00 to $10.00 in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $9.50 price target (up previously from $8.00) on shares of Manitowoc Company, Inc. (The) in a report on Wednesday, August 9th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Manitowoc Company, Inc. (The) currently has a consensus rating of “Hold” and a consensus price target of $7.35.

Shares of Manitowoc Company, Inc. (MTW) opened at 9.00 on Friday. The company’s market capitalization is $1.27 billion. Manitowoc Company, Inc. has a 52-week low of $3.65 and a 52-week high of $9.14. The stock has a 50 day moving average price of $7.78 and a 200 day moving average price of $6.33.

Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.09. The business had revenue of $394.60 million for the quarter, compared to analyst estimates of $396.44 million. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The firm’s revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. On average, analysts predict that Manitowoc Company, Inc. will post ($0.14) earnings per share for the current fiscal year.

About Manitowoc Company, Inc. (The)

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

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Institutional Ownership by Quarter for Manitowoc Company, Inc. (The) (NYSE:MTW)

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