Kensico Capital Management Corp buys $63,860,160 stake in Manitowoc Company Inc (MTW)

Manitowoc Company Inc (MTW) : Kensico Capital Management Corp scooped up 2,156,000 additional shares in Manitowoc Company Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 13,416,000 shares of Manitowoc Company Inc which is valued at $63,860,160.Manitowoc Company Inc makes up approximately 1.28% of Kensico Capital Management Corp’s portfolio.

Other Hedge Funds, Including , Antipodean Advisors sold out all of its stake in MTW during the most recent quarter. The investment firm sold 596,000 shares of MTW which is valued $2,836,960.Alliancebernstein boosted its stake in MTW in the latest quarter, The investment management firm added 104,725 additional shares and now holds a total of 204,920 shares of Manitowoc Company Inc which is valued at $975,419. River Wealth Advisors sold out all of its stake in MTW during the most recent quarter. The investment firm sold 55,519 shares of MTW which is valued $320,900. Fortaleza Asset Management Inc added MTW to its portfolio by purchasing 20,555 company shares during the most recent quarter which is valued at $118,808. Manitowoc Company Inc makes up approx 0.09% of Fortaleza Asset Management Inc’s portfolio.

Manitowoc Company Inc closed down -0.05 points or -1.02% at $4.85 with 13,27,731 shares getting traded on Thursday. Post opening the session at $4.92, the shares hit an intraday low of $4.76 and an intraday high of $4.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Manitowoc Company Inc reported $0.04 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.04. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $463.99 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

The Manitowoc Company Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry including lattice-boom cranes tower cranes mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice beverage refrigeration food-preparation holding and cooking needs of restaurants convenience stores hotels healthcare and institutional applications. Its Crane products are marketed under the Manitowoc Grove Potain National Crane Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products services and solutions are marketed under Cleveland Convotherm Dean Delfield Fabristeel Frymaster Garland Inducs Koolaire Kolpak Kysor Panel Systems and U.S. Range Lincoln Manitowoc Ice and Merrychef among others.

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