Mastech Digital, Inc. (NYSE:MHH) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its stake in Mastech Digital, Inc. (NYSE:MHH) by 20.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its position in Mastech Digital by 86.9% in the 3rd quarter. Barclays PLC now owns 6,544 shares of the company’s stock valued at $65,000 after purchasing an additional 3,042 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Mastech Digital during the third quarter worth approximately $101,000. Finally, Geode Capital Management LLC raised 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. 18.43% of the stock is owned by institutional investors and hedge funds.

Mastech Digital Trading Up 0.4 %

Shares of MHH stock opened at $10.22 on Monday. The firm has a market capitalization of $120.01 million, a P/E ratio of 35.24, a P/E/G ratio of 0.79 and a beta of 0.77. The stock’s fifty day moving average price is $10.19. Mastech Digital, Inc. has a 12 month low of $7.15 and a 12 month high of $16.00.

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

Wall Street Analysts Forecast Growth

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

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.