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

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MHH. Barclays PLC boosted its holdings 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 buying an additional 3,042 shares in the last quarter. Virtu Financial LLC acquired a new position in Mastech Digital in the third quarter valued at $101,000. HighTower Advisors LLC grew its holdings in shares of Mastech Digital by 19.5% during the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 purchasing an additional 6,544 shares in the last quarter. Institutional investors and hedge funds own 18.43% of the company’s stock.

Mastech Digital Trading Up 1.9 %

Shares of MHH opened at $8.20 on Monday. The company’s 50 day simple moving average is $9.33 and its 200-day simple moving average is $11.71. Mastech Digital, Inc. has a 12-month low of $7.15 and a 12-month high of $16.00. The firm has a market cap of $96.29 million, a PE ratio of 28.28, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87.

Mastech Digital (NYSE:MHH) last posted its quarterly earnings data 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 net margin of 1.71% and a return on equity of 8.20%. During the same period last year, the firm earned $0.11 EPS. As a group, equities research analysts forecast that Mastech Digital, Inc. will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.