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

HighTower Advisors LLC decreased its position in shares of Mastech Digital, Inc. (NYSE:MHH) by 20.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,193 shares of the company’s stock after selling 8,622 shares during the quarter. HighTower Advisors LLC’s holdings in Mastech Digital were worth $495,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position in shares of 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 during the period. Geode Capital Management LLC increased its position in Mastech Digital by 15.9% during the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock worth $478,000 after buying an additional 6,544 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Mastech Digital in the third quarter valued at approximately $101,000. Institutional investors and hedge funds own 18.43% of the company’s stock.

Mastech Digital Stock Performance

Shares of NYSE: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 firm has a market cap of $120.01 million, a PE ratio of 35.24, a P/E/G ratio of 0.79 and a beta of 0.77. The stock’s fifty day simple moving average is $10.19.

Mastech Digital (NYSE:MHH) last announced its earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate 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 quarter in the prior year, the business earned $0.11 earnings per share. Analysts anticipate that Mastech Digital, Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Mastech Digital Company 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.