Jane Street Group LLC Has $300,000 Stock Holdings in Mayville Engineering Company, Inc. (NYSE:MEC)

Jane Street Group LLC grew its holdings in shares of Mayville Engineering Company, Inc. (NYSE:MEC) by 25.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,235 shares of the company’s stock after buying an additional 2,909 shares during the quarter. Jane Street Group LLC owned 0.07% of Mayville Engineering worth $300,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new stake in Mayville Engineering during the third quarter valued at about $95,000. Jacobs Levy Equity Management Inc. lifted its holdings in Mayville Engineering by 91.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 122,055 shares of the company’s stock worth $2,573,000 after purchasing an additional 58,242 shares in the last quarter. Martingale Asset Management L P bought a new position in Mayville Engineering in the 3rd quarter worth about $766,000. BNP Paribas Financial Markets grew its holdings in Mayville Engineering by 1,061.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,688 shares of the company’s stock valued at $626,000 after buying an additional 27,132 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Mayville Engineering in the third quarter worth about $70,000. 45.44% of the stock is currently owned by institutional investors.

Mayville Engineering Stock Performance

Shares of NYSE:MEC opened at $15.02 on Friday. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $16.78 and a 200-day moving average price of $18.24. The company has a market cap of $310.07 million, a price-to-earnings ratio of 25.46 and a beta of 0.91. Mayville Engineering Company, Inc. has a 12 month low of $11.07 and a 12 month high of $23.02.

Mayville Engineering (NYSE:MEC) last announced its earnings results on Tuesday, November 5th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). The business had revenue of $135.39 million for the quarter, compared to the consensus estimate of $157.22 million. Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. During the same quarter in the prior year, the company earned $0.21 EPS. As a group, equities analysts anticipate that Mayville Engineering Company, Inc. will post 0.31 EPS for the current year.

Insider Activity

In other Mayville Engineering news, CEO Jagadeesh A. Reddy acquired 5,903 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were acquired at an average price of $16.72 per share, for a total transaction of $98,698.16. Following the completion of the acquisition, the chief executive officer now owns 89,052 shares in the company, valued at $1,488,949.44. This trade represents a 7.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Northland Capmk lowered shares of Mayville Engineering from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 7th. Northland Securities lowered Mayville Engineering from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $30.00 to $20.00 in a research note on Thursday, November 7th.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.