SG Americas Securities LLC Sells 2,701 Shares of Montrose Environmental Group, Inc. (NYSE:MEG)

SG Americas Securities LLC lessened its holdings in Montrose Environmental Group, Inc. (NYSE:MEG) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,160 shares of the company’s stock after selling 2,701 shares during the quarter. SG Americas Securities LLC’s holdings in Montrose Environmental Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MEG. Avanza Fonder AB bought a new position in Montrose Environmental Group during the fourth quarter valued at about $105,000. Point72 DIFC Ltd bought a new position in shares of Montrose Environmental Group during the 3rd quarter valued at approximately $111,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Montrose Environmental Group during the 3rd quarter worth approximately $212,000. Net Worth Advisory Group bought a new stake in shares of Montrose Environmental Group in the 3rd quarter worth approximately $213,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Montrose Environmental Group in the third quarter valued at approximately $214,000. 87.87% of the stock is owned by hedge funds and other institutional investors.

Montrose Environmental Group Stock Up 3.0 %

Shares of NYSE MEG opened at $20.47 on Thursday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.60. The company has a market cap of $702.19 million, a P/E ratio of -13.74 and a beta of 1.71. Montrose Environmental Group, Inc. has a 52 week low of $15.21 and a 52 week high of $49.97. The business has a 50-day simple moving average of $19.41 and a two-hundred day simple moving average of $24.44.

Analysts Set New Price Targets

Several analysts have issued reports on MEG shares. Evercore ISI set a $43.00 target price on Montrose Environmental Group in a research note on Thursday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $39.00 price objective on shares of Montrose Environmental Group in a research note on Tuesday, January 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $29.00 target price (down previously from $48.00) on shares of Montrose Environmental Group in a research report on Friday, November 8th. Bank of America lowered shares of Montrose Environmental Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $52.00 to $29.00 in a research report on Wednesday, November 6th. Finally, Stifel Nicolaus dropped their price target on shares of Montrose Environmental Group from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Montrose Environmental Group has a consensus rating of “Moderate Buy” and a consensus price target of $35.60.

Montrose Environmental Group Company Profile

Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.