HighTower Advisors LLC Trims Stock Holdings in Mastech Digital, Inc. (NYSE:MHH)

HighTower Advisors LLC lessened its position in Mastech Digital, Inc. (NYSE:MHH) by 20.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,193 shares of the company’s stock after selling 8,622 shares during the period. HighTower Advisors LLC owned about 0.28% of Mastech Digital worth $495,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in Mastech Digital by 86.9% during the third quarter. Barclays PLC now owns 6,544 shares of the company’s stock worth $65,000 after acquiring an additional 3,042 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Mastech Digital during the third quarter worth $101,000. Finally, Geode Capital Management LLC grew its position in shares of 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 purchasing an additional 6,544 shares during the period. Institutional investors and hedge funds own 18.43% of the company’s stock.

Analyst Ratings Changes

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

Mastech Digital Price Performance

MHH opened at $10.22 on Monday. Mastech Digital, Inc. has a 1 year low of $7.15 and a 1 year high of $16.00. The business has a 50 day moving average of $10.19. The firm has a market capitalization of $120.01 million, a PE ratio of 35.24, a PEG ratio of 0.79 and a beta of 0.77.

Mastech Digital (NYSE:MHH) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.05. Mastech Digital had a net margin of 1.71% and a return on equity of 8.20%. During the same period last year, the firm posted $0.11 EPS. On average, research analysts expect that Mastech Digital, Inc. will post 0.84 earnings per share for the current year.

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.