17,921 Shares in Mastech Digital, Inc. (NYSE:MHH) Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Mastech Digital, Inc. (NYSE:MHH) during the 4th quarter, HoldingsChannel reports. The firm purchased 17,921 shares of the company’s stock, valued at approximately $267,000.

A number of other hedge funds have also modified their holdings of MHH. Barclays PLC lifted its holdings in shares of 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 purchasing an additional 3,042 shares during the period. Virtu Financial LLC purchased a new position in Mastech Digital during the 3rd quarter worth approximately $101,000. HighTower Advisors LLC raised its position in Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after buying an additional 6,809 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Mastech Digital by 15.9% during the 3rd 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 during the period. 18.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Mastech Digital Stock Performance

Shares of MHH opened at $8.20 on Monday. The business’s 50-day moving average is $9.33 and its two-hundred day moving average is $11.71. The company has a market capitalization of $96.29 million, a P/E ratio of 28.28, a P/E/G ratio of 0.79 and a beta of 0.87. Mastech Digital, Inc. has a fifty-two week low of $7.15 and a fifty-two week high of $16.00.

Mastech Digital (NYSE:MHH) last announced its earnings results on Wednesday, February 19th. The company reported $0.23 EPS for the quarter, beating 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 previous year, the company earned $0.11 earnings per share. Analysts forecast that Mastech Digital, Inc. will post 0.84 EPS for the current year.

About Mastech Digital

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.