Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Short Interest Update

Core Molding Technologies, Inc. (NYSEAMERICAN:CMTGet Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 162,900 shares, a decrease of 8.9% from the August 31st total of 178,800 shares. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 43,700 shares, the short-interest ratio is presently 3.7 days.

Insider Buying and Selling at Core Molding Technologies

In other news, CEO David L. Duvall sold 11,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total value of $197,340.00. Following the completion of the transaction, the chief executive officer now directly owns 376,377 shares of the company’s stock, valued at $6,752,203.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Core Molding Technologies news, CEO David L. Duvall sold 11,000 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total transaction of $197,340.00. Following the sale, the chief executive officer now owns 376,377 shares in the company, valued at $6,752,203.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David L. Duvall sold 20,000 shares of Core Molding Technologies stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.29, for a total value of $365,800.00. Following the completion of the transaction, the chief executive officer now owns 338,227 shares in the company, valued at approximately $6,186,171.83. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 73,411 shares of company stock valued at $1,333,020. Company insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On Core Molding Technologies

Large investors have recently made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new position in Core Molding Technologies in the 2nd quarter worth approximately $27,000. LSV Asset Management purchased a new position in Core Molding Technologies in the 2nd quarter worth approximately $36,000. Public Employees Retirement System of Ohio purchased a new stake in Core Molding Technologies during the 1st quarter valued at $155,000. Rhumbline Advisers raised its stake in Core Molding Technologies by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after buying an additional 866 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Core Molding Technologies by 4.9% during the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after buying an additional 593 shares during the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

Core Molding Technologies Stock Performance

Core Molding Technologies stock traded down $0.66 during trading hours on Tuesday, hitting $16.55. 19,601 shares of the stock traded hands, compared to its average volume of 45,425. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28. The stock has a market cap of $144.98 million, a price-to-earnings ratio of 8.19 and a beta of 1.67. Core Molding Technologies has a one year low of $14.64 and a one year high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.31. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. The firm had revenue of $88.74 million during the quarter, compared to analyst estimates of $78.75 million. As a group, analysts expect that Core Molding Technologies will post 1.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 29th.

Read Our Latest Analysis on Core Molding Technologies

Core Molding Technologies Company Profile

(Get Free Report)

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.

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