Weber Alan W buys $1.4 Million stake in Manitex International Inc (MNTX)

Manitex International Inc (MNTX) : Weber Alan W scooped up 85,565 additional shares in Manitex International Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 216,531 shares of Manitex International Inc which is valued at $1.4 Million.Manitex International Inc makes up approximately 1.05% of Weber Alan W’s portfolio.

Other Hedge Funds, Including , Essex Investment Management Co reduced its stake in MNTX by selling 10,483 shares or 14.42% in the most recent quarter. The Hedge Fund company now holds 62,227 shares of MNTX which is valued at $397,631. Manitex International Inc makes up approx 0.07% of Essex Investment Management Co’s portfolio.Wealthtrust Axiom boosted its stake in MNTX in the latest quarter, The investment management firm added 48,974 additional shares and now holds a total of 515,524 shares of Manitex International Inc which is valued at $3.4 Million. Manitex International Inc makes up approx 1.31% of Wealthtrust Axiom’s portfolio.

Manitex International Inc opened for trading at $6.38 and hit $6.5 on the upside on Monday, eventually ending the session at $6.42, with a gain of 0.47% or 0.03 points. The heightened volatility saw the trading volume jump to 48,145 shares. Company has a market cap of $104 M.

On the company’s financial health, Manitex International Inc reported $0.02 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.06. The company had revenue of $102.36 million for the quarter, compared to analysts expectations of $95.15 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

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 ASV segment and the Equipment Distribution segment. In the Lifting Equipment segment the Company designs manufactures and distributes a diverse group of products that serve different functions and are used in a range of industries. In the ASV segment the Company manufactures a line of compact rubber tracked and skid steer loaders. In the Equipment Distribution segment the Company markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction general contracting roofing scrap handling and sign construction and maintenance.

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