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

HighTower Advisors LLC decreased its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MHH. Barclays PLC raised its position in Mastech Digital by 86.9% in the third 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. Virtu Financial LLC purchased a new stake in shares of Mastech Digital in the third quarter worth about $101,000. Finally, Geode Capital Management LLC grew its stake 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 buying an additional 6,544 shares in the last quarter. 18.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Mastech Digital Stock Up 0.4 %

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

Mastech Digital (NYSE:MHH) last posted its quarterly earnings data 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 in the previous year, the company posted $0.11 earnings per share. As a group, research analysts forecast that Mastech Digital, Inc. will post 0.84 EPS for the current fiscal 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.