Oddo BHF Asset Management Sas Invests $69,000 in Manitex International, Inc. (NASDAQ:MNTX)

Oddo BHF Asset Management Sas acquired a new stake in Manitex International, Inc. (NASDAQ:MNTX) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,200 shares of the industrial products company’s stock, valued at approximately $69,000.

A number of other institutional investors have also recently made changes to their positions in MNTX. Cutter & CO Brokerage Inc. boosted its position in Manitex International by 17.8% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,059 shares of the industrial products company’s stock valued at $98,000 after buying an additional 3,340 shares during the period. Marshall Wace LLP purchased a new position in Manitex International in the second quarter valued at $128,000. Virtu Financial LLC purchased a new position in Manitex International in the third quarter valued at $248,000. Empowered Funds LLC acquired a new position in Manitex International during the 3rd quarter worth $480,000. Finally, Renaissance Technologies LLC increased its holdings in Manitex International by 13.1% during the 2nd quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after purchasing an additional 16,433 shares during the period. Institutional investors and hedge funds own 46.01% of the company’s stock.

Analysts Set New Price Targets

MNTX has been the subject of a number of analyst reports. StockNews.com assumed coverage on Manitex International in a research report on Friday. They set a “hold” rating for the company. Northland Capmk cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, Northland Securities reissued a “market perform” rating and issued a $5.80 price objective (down from $8.00) on shares of Manitex International in a research report on Friday, September 13th.

Manitex International Stock Performance

MNTX opened at $5.76 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.66 and a current ratio of 1.64. Manitex International, Inc. has a one year low of $3.07 and a one year high of $9.16. The company has a market cap of $117.49 million, a P/E ratio of 12.52 and a beta of 0.77. The business’s 50-day simple moving average is $5.71 and its 200-day simple moving average is $5.08.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.