Fairway Wealth LLC Decreases Stake in The Manitowoc Company, Inc. (NYSE:MTW)

Fairway Wealth LLC reduced its holdings in The Manitowoc Company, Inc. (NYSE:MTW) by 52.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,276 shares of the industrial products company’s stock after selling 3,555 shares during the period. Fairway Wealth LLC’s holdings in Manitowoc were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of Manitowoc by 88.1% in the third quarter. US Bancorp DE now owns 2,834 shares of the industrial products company’s stock worth $27,000 after buying an additional 1,327 shares in the last quarter. R Squared Ltd purchased a new position in shares of Manitowoc in the fourth quarter worth about $66,000. Quantbot Technologies LP lifted its stake in shares of Manitowoc by 94.7% in the third quarter. Quantbot Technologies LP now owns 8,486 shares of the industrial products company’s stock worth $82,000 after buying an additional 4,128 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Manitowoc by 14.5% in 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. Finally, Quadrature Capital Ltd purchased a new position in shares of Manitowoc in the third quarter worth about $148,000. 78.66% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Stock Performance

NYSE:MTW opened at $9.64 on Tuesday. The company’s 50-day moving average price is $9.82 and its 200-day moving average price is $9.82. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. The company has a market cap of $338.66 million, a P/E ratio of 6.22 and a beta of 1.84. The Manitowoc Company, Inc. has a twelve month low of $8.30 and a twelve month high of $14.32.

Manitowoc (NYSE:MTW) last issued its earnings results 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 return on equity of 2.46% and a net margin of 2.56%. On average, sell-side analysts forecast 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.