Tieton Capital Management LLC Has $4.85 Million Position in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Tieton Capital Management LLC raised its holdings in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) by 58.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 282,036 shares of the industrial products company’s stock after acquiring an additional 104,515 shares during the quarter. Core Molding Technologies comprises 2.5% of Tieton Capital Management LLC’s holdings, making the stock its 19th biggest holding. Tieton Capital Management LLC’s holdings in Core Molding Technologies were worth $4,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC bought a new position in shares of Core Molding Technologies in the 2nd quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Core Molding Technologies in the 2nd quarter valued at about $36,000. Public Employees Retirement System of Ohio bought a new position in shares of Core Molding Technologies in the 1st quarter valued at about $155,000. Rhumbline Advisers grew its position in shares of Core Molding Technologies by 8.4% in the 2nd quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after acquiring an additional 866 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of Core Molding Technologies by 4.9% in the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 593 shares during the period. 58.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Core Molding Technologies news, CFO John P. Zimmer sold 13,653 shares of Core Molding Technologies stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.30, for a total value of $249,849.90. Following the completion of the sale, the chief financial officer now owns 115,559 shares in the company, valued at $2,114,729.70. The trade was a 10.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 15,749 shares of company stock valued at $287,678. Company insiders own 13.10% of the company’s stock.

Core Molding Technologies Price Performance

Shares of CMT opened at $17.55 on Friday. The stock has a market capitalization of $157.20 million, a PE ratio of 9.54 and a beta of 1.69. 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, Inc. has a one year low of $14.64 and a one year high of $21.00.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.23 by $0.13. The business had revenue of $72.99 million during the quarter, compared to the consensus estimate of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. As a group, analysts expect that Core Molding Technologies, Inc. will post 1.64 EPS for the current year.

Analyst Ratings Changes

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

Core Molding Technologies Company 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.