Barclays PLC Purchases 3,042 Shares of Mastech Digital, Inc. (NYSE:MHH)

Barclays PLC grew its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 86.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,544 shares of the company’s stock after acquiring an additional 3,042 shares during the period. Barclays PLC owned about 0.06% of Mastech Digital worth $65,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

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

Mastech Digital Stock Performance

Shares of NYSE:MHH opened at $14.21 on Friday. The firm has a market capitalization of $166.40 million, a P/E ratio of -74.79, a P/E/G ratio of 0.86 and a beta of 0.58. The stock has a 50 day moving average price of $14.66 and a 200-day moving average price of $13.43. Mastech Digital, Inc. has a 52-week low of $7.15 and a 52-week high of $16.00.

Mastech Digital Profile

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.