Jacobs Levy Equity Management Inc. Sells 16,016 Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Jacobs Levy Equity Management Inc. lowered its stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,961 shares of the industrial products company’s stock after selling 16,016 shares during the period. Jacobs Levy Equity Management Inc. owned 0.71% of Core Molding Technologies worth $1,101,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Core Molding Technologies by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Core Molding Technologies by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after acquiring an additional 28,376 shares in the last quarter. Acadian Asset Management LLC lifted its position in Core Molding Technologies by 34.9% during the 2nd quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 16,516 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Core Molding Technologies by 9.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company’s stock worth $2,681,000 after acquiring an additional 14,181 shares in the last quarter. Finally, Tieton Capital Management LLC grew its holdings in Core Molding Technologies by 151.9% in the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock worth $2,830,000 after purchasing an additional 107,041 shares during the period. 58.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Core Molding Technologies

In other news, CFO John P. Zimmer sold 7,600 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $17.78, for a total transaction of $135,128.00. Following the transaction, the chief financial officer now directly owns 107,959 shares of the company’s stock, valued at $1,919,511.02. This represents a 6.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 9,291 shares of company stock valued at $165,666. 13.10% of the stock is owned by corporate insiders.

Core Molding Technologies Trading Down 0.9 %

CMT stock opened at $16.40 on Monday. The company has a market cap of $146.94 million, a PE ratio of 9.27 and a beta of 1.75. Core Molding Technologies, Inc. has a 52-week low of $14.64 and a 52-week high of $21.00. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13. The firm had revenue of $72.99 million during the quarter, compared to the consensus estimate of $71.57 million. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. Research analysts predict that Core Molding Technologies, Inc. will post 1.64 earnings per share for the current fiscal year.

Core Molding Technologies Profile

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.