Bank of New York Mellon Corp trimmed its holdings in shares of Manitex International, Inc. (NASDAQ:MNTX) by 11.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,305 shares of the industrial products company’s stock after selling 1,762 shares during the period. Bank of New York Mellon Corp owned 0.09% of Manitex International worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in MNTX. Shufro Rose & Co. LLC purchased a new stake in shares of Manitex International in the 2nd quarter valued at about $1,743,000. Wedbush Securities Inc. increased its position in Manitex International by 35.0% during the 2nd quarter. Wedbush Securities Inc. now owns 14,658 shares of the industrial products company’s stock worth $102,000 after purchasing an additional 3,800 shares during the period. Trexquant Investment LP acquired a new position in Manitex International during the 2nd quarter worth approximately $106,000. WealthTrust Axiom LLC increased its position in Manitex International by 5.6% during the 2nd quarter. WealthTrust Axiom LLC now owns 877,137 shares of the industrial products company’s stock worth $6,122,000 after purchasing an additional 46,875 shares during the period. Finally, Essex Investment Management Co. LLC increased its position in Manitex International by 37.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 237,669 shares of the industrial products company’s stock worth $1,659,000 after purchasing an additional 64,445 shares during the period. 61.01% of the stock is owned by institutional investors.

MNTX has been the topic of a number of research reports. ValuEngine cut Manitex International from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Manitex International from a “hold” rating to a “strong-buy” rating and set a $9.50 target price on the stock in a research note on Wednesday, August 9th. Finally, Roth Capital lowered Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a research note on Tuesday.

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Manitex International, Inc. (NASDAQ MNTX) opened at $7.98 on Wednesday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.64. The firm has a market capitalization of $138.58, a price-to-earnings ratio of 55.44 and a beta of 2.07. Manitex International, Inc. has a 52-week low of $4.98 and a 52-week high of $9.89.

Manitex International Profile

Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.

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Institutional Ownership by Quarter for Manitex International (NASDAQ:MNTX)

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