Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Sees Significant Drop in Short Interest

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 288,300 shares, a decrease of 9.2% from the June 30th total of 317,400 shares. Approximately 3.6% of the company’s stock are sold short. Based on an average trading volume of 38,200 shares, the short-interest ratio is currently 7.5 days.

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, CFO John P. Zimmer sold 6,595 shares of Core Molding Technologies stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $19.69, for a total value of $129,855.55. Following the completion of the sale, the chief financial officer now owns 157,628 shares of the company’s stock, valued at approximately $3,103,695.32. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Core Molding Technologies news, Director Ralph O. Hellmold sold 2,335 shares of Core Molding Technologies stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $19.06, for a total value of $44,505.10. Following the sale, the director now directly owns 30,913 shares in the company, valued at approximately $589,201.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John P. Zimmer sold 6,595 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $19.69, for a total value of $129,855.55. Following the completion of the sale, the chief financial officer now owns 157,628 shares in the company, valued at $3,103,695.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,726 shares of company stock valued at $850,887. Insiders own 13.10% of the company’s stock.

Institutional Trading of Core Molding Technologies

A number of hedge funds have recently added to or reduced their stakes in CMT. National Bank of Canada FI purchased a new stake in shares of Core Molding Technologies in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew its position in Core Molding Technologies by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 797 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Core Molding Technologies during the first quarter worth $155,000. Dynamic Technology Lab Private Ltd purchased a new stake in Core Molding Technologies in the fourth quarter valued at $212,000. Finally, Jump Financial LLC lifted its stake in shares of Core Molding Technologies by 62.7% in the 4th quarter. Jump Financial LLC now owns 11,879 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 4,579 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Core Molding Technologies Trading Down 3.0 %

NYSEAMERICAN:CMT traded down $0.56 during midday trading on Thursday, reaching $17.89. 42,182 shares of the stock traded hands, compared to its average volume of 46,886. Core Molding Technologies has a 12-month low of $14.64 and a 12-month high of $30.09. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $163.51 million, a price-to-earnings ratio of 8.86 and a beta of 1.69.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.26 by $0.17. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. The business had revenue of $78.15 million during the quarter, compared to the consensus estimate of $78.69 million. As a group, sell-side analysts anticipate that Core Molding Technologies will post 1.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday.

About Core Molding Technologies

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.