Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 36,200 shares, a decline of 5.7% from the March 15th total of 38,400 shares. Based on an average daily volume of 59,600 shares, the short-interest ratio is currently 0.6 days. Approximately 0.5% of the company’s stock is short sold.
Insider Buying and Selling at Core Molding Technologies
In other Core Molding Technologies news, EVP James C. Highfield sold 5,973 shares of Core Molding Technologies stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $17.05, for a total transaction of $101,839.65. Following the completion of the transaction, the executive vice president now owns 49,651 shares in the company, valued at approximately $846,549.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Core Molding Technologies news, Director Ralph O. Hellmold sold 9,000 shares of Core Molding Technologies stock in a transaction dated Thursday, March 16th. The stock was sold at an average price of $16.82, for a total transaction of $151,380.00. Following the completion of the transaction, the director now owns 39,623 shares in the company, valued at approximately $666,458.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP James C. Highfield sold 5,973 shares of Core Molding Technologies stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $17.05, for a total value of $101,839.65. Following the transaction, the executive vice president now owns 49,651 shares of the company’s stock, valued at approximately $846,549.55. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.
Hedge Funds Weigh In On Core Molding Technologies
Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG purchased a new stake in shares of Core Molding Technologies during the fourth quarter worth $33,000. Fortis Capital Advisors LLC purchased a new stake in shares of Core Molding Technologies during the fourth quarter worth $46,000. Royal Bank of Canada lifted its position in shares of Core Molding Technologies by 6.9% during the third quarter. Royal Bank of Canada now owns 15,503 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 1,003 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Core Molding Technologies during the fourth quarter worth $169,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Core Molding Technologies by 10.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 14,504 shares of the industrial products company’s stock worth $188,000 after acquiring an additional 1,334 shares in the last quarter. 40.67% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equity analysts have recently issued reports on CMT shares. StockNews.com started coverage on Core Molding Technologies in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company. The Street raised Core Molding Technologies from a “c” rating to a “b-” rating in a report on Friday, December 30th. Finally, EF Hutton Acquisition Co. I upped their target price on Core Molding Technologies from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, March 14th.
Core Molding Technologies Price Performance
Shares of NYSEAMERICAN CMT opened at $19.15 on Friday. The stock has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $13.38. Core Molding Technologies has a 1-year low of $8.50 and a 1-year high of $19.68. The firm has a market cap of $174.46 million, a price-to-earnings ratio of 13.21 and a beta of 1.78. The company has a current ratio of 1.59, a quick ratio of 1.12 and a debt-to-equity ratio of 0.20.
Core Molding Technologies Company Profile
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Core Molding Technologies, Inc. engages in manufacturing of sheet molding compound and molding of fiberglass reinforced plastics. It focuses on producing large-format moldings and offers a range of fiberglass processes, spray-up, hand-lay-up, and resin transfer molding. The company was founded in 1996 and is headquartered in Columbus, OH.
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