Barclays PLC Increases Position in Mastech Digital, Inc. (NYSE:MHH)

Barclays PLC grew its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 86.9% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,544 shares of the company’s stock after buying an additional 3,042 shares during the quarter. Barclays PLC owned 0.06% of Mastech Digital worth $65,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MHH. Dimensional Fund Advisors LP grew its position in Mastech Digital by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock valued at $1,705,000 after acquiring an additional 5,236 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Mastech Digital during the third quarter valued at $29,000. HighTower Advisors LLC grew its holdings in shares of Mastech Digital by 19.5% in the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Mastech Digital by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after buying an additional 6,544 shares during the period. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Mastech Digital from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 3rd.

Mastech Digital Stock Down 4.2 %

Shares of NYSE MHH opened at $14.21 on Friday. Mastech Digital, Inc. has a twelve month low of $7.15 and a twelve month high of $16.00. The firm has a market cap of $166.40 million, a PE ratio of -74.79, a price-to-earnings-growth ratio of 0.86 and a beta of 0.58. The business has a fifty day simple moving average of $14.66 and a two-hundred day simple moving average of $13.43.

About Mastech Digital

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.