Beddow Capital Management INC Has Trimmed Stake in Manitex International (MNTX) by $4.76 Million

July 17, 2017 - By Darrin Black

Investors sentiment decreased to 1 in Q4 2016. Its down 0.22, from 1.22 in 2016Q3. It turned negative, as 9 investors sold MNTX shares while 15 reduced holdings. 12 funds opened positions while 12 raised stakes. 9.28 million shares or 1.29% less from 9.40 million shares in 2016Q3 were reported. Essex Ltd Liability Company, a Massachusetts-based fund reported 99,842 shares. Bankshares Of Ny Mellon Corporation reported 17,546 shares. Wells Fargo & Mn has invested 0% in Manitex International Inc (NASDAQ:MNTX). Shaker Invs Ltd Liability Corp Oh has invested 0.29% in Manitex International Inc (NASDAQ:MNTX). Manufacturers Life Insur The accumulated 522 shares. Granahan Investment Management Ma owns 228,111 shares or 0.05% of their US portfolio. Rutabaga Capital Limited Liability Corporation Ma holds 1.66% or 1.41 million shares. Oberweis Asset Mngmt, Illinois-based fund reported 29,007 shares. Cove Street Capital Ltd Company invested in 151,500 shares. Morgan Stanley holds 0% or 388,836 shares in its portfolio. Northern Trust Corp invested in 29,432 shares or 0% of the stock. Barclays Public Limited Co invested 0% of its portfolio in Manitex International Inc (NASDAQ:MNTX). Kennedy Capital Mgmt stated it has 311,193 shares. Blackrock Advsr Lc, a Delaware-based fund reported 2,717 shares. Weber Alan W, New York-based fund reported 216,531 shares.

Ed Beddow decreased its stake in Manitex International (MNTX) by 96.26% based on its latest 2016Q4 regulatory filing with the SEC. Beddow Capital Management Inc sold 794,115 shares as the company’s stock declined 16.57% while stock markets rallied. The hedge fund run by Ed Beddow held 30,838 shares of the technology company at the end of 2016Q4, valued at $212,000, down from 824,953 at the end of the previous reported quarter. Beddow Capital Management Inc who had been investing in Manitex International for a number of months, seems to be less bullish one the $119.33 million market cap company. The stock declined 1.38% or $0.1 reaching $7.14 per share. About 122,349 shares traded or 96.95% up from the average. Manitex International Inc (NASDAQ:MNTX) has risen 8.39% since July 17, 2016 and is uptrending. It has underperformed by 8.31% the S&P500.

Beddow Capital Management Inc, which manages about $385.61M and $251.46M US Long portfolio, upped its stake in Liberty Global A Plc by 118,275 shares to 238,665 shares, valued at $7.30 million in 2016Q4, according to the filing.

More notable recent Manitex International Inc (NASDAQ:MNTX) news were published by: Zacks.com which released: “Manitex Hits 52-Week High: What’s Driving the Stock?” on January 18, 2017, also Seekingalpha.com with their article: “Manitex International’s (MNTX) CEO Andrew Rooke on Q4 2016 Results – Earnings …” published on March 07, 2017, Globenewswire.com published: “Manitex International, Inc. Announces $3.0 M New Crane Order Taken at CONEXPO 2017” on March 13, 2017. More interesting news about Manitex International Inc (NASDAQ:MNTX) were released by: Seekingalpha.com and their article: “Manitex International’s (MNTX) CEO Andrew Rooke On Q1 2017 Results – Earnings …” published on May 05, 2017 as well as Nasdaq.com‘s news article titled: “Manitex International, Inc. Will Participate in Stifel Industrials Research …” with publication date: June 07, 2017.

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