Raymond James Financial Services Advisors Inc. Buys Shares of 33,716 Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)

Raymond James Financial Services Advisors Inc. bought a new stake in Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,716 shares of the industrial products company’s stock, valued at approximately $625,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in Core Molding Technologies by 395.6% in the third quarter. FMR LLC now owns 1,239 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 989 shares during the period. Bank of America Corp DE raised its position in Core Molding Technologies by 51.4% in the first quarter. Bank of America Corp DE now owns 2,016 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 684 shares during the period. Citigroup Inc. purchased a new stake in shares of Core Molding Technologies in the 2nd quarter valued at $52,000. UBS Group AG purchased a new stake in shares of Core Molding Technologies in the 4th quarter valued at $33,000. Finally, California State Teachers Retirement System purchased a new stake in shares of Core Molding Technologies in the 2nd quarter valued at $59,000. Hedge funds and other institutional investors own 58.79% of the company’s stock.

Core Molding Technologies Trading Down 2.5 %

CMT stock opened at $19.06 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $174.40 million, a P/E ratio of 8.25 and a beta of 1.67. Core Molding Technologies, Inc. has a 12-month low of $16.00 and a 12-month high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.19. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. The company had revenue of $73.78 million for the quarter, compared to the consensus estimate of $69.60 million. As a group, equities analysts anticipate that Core Molding Technologies, Inc. will post 1.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

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.