Wealthtrust Axiom Lowers stake in Manitex International Inc (MNTX)

Manitex International Inc (MNTX) : Wealthtrust Axiom reduced its stake in Manitex International Inc by 0.58% during the most recent quarter end. The investment management company now holds a total of 512,559 shares of Manitex International Inc which is valued at $3,792,937 after selling 2,965 shares in Manitex International Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Manitex International Inc makes up approximately 1.43% of Wealthtrust Axiom’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp reduced its stake in MNTX by selling 585 shares or 32.61% in the most recent quarter. The Hedge Fund company now holds 1,209 shares of MNTX which is valued at $8,753.

Manitex International Inc closed down -0.09 points or -1.20% at $7.43 with 15,732 shares getting traded on Friday. Post opening the session at $7.53, the shares hit an intraday low of $7.3 and an intraday high of $7.59 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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