Walleye Capital LLC Has $966,000 Holdings in Montrose Environmental Group, Inc. (NYSE:MEG)

Walleye Capital LLC lifted its stake in Montrose Environmental Group, Inc. (NYSE:MEG) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 52,101 shares of the company’s stock after acquiring an additional 1,173 shares during the quarter. Walleye Capital LLC’s holdings in Montrose Environmental Group were worth $966,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its position in shares of Montrose Environmental Group by 375.0% during the 3rd quarter. Barclays PLC now owns 53,575 shares of the company’s stock worth $1,410,000 after purchasing an additional 42,297 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Montrose Environmental Group by 159.2% during the third quarter. JPMorgan Chase & Co. now owns 71,206 shares of the company’s stock worth $1,873,000 after buying an additional 43,739 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Montrose Environmental Group in the fourth quarter valued at approximately $322,000. New York State Common Retirement Fund grew its stake in shares of Montrose Environmental Group by 54.7% in the fourth quarter. New York State Common Retirement Fund now owns 64,009 shares of the company’s stock worth $1,187,000 after acquiring an additional 22,621 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Montrose Environmental Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,529 shares of the company’s stock worth $4,926,000 after acquiring an additional 1,831 shares during the period. Institutional investors own 87.87% of the company’s stock.

Montrose Environmental Group Trading Up 2.0 %

Shares of MEG stock opened at $14.55 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a fifty day moving average of $15.90 and a 200-day moving average of $19.21. Montrose Environmental Group, Inc. has a 52-week low of $10.51 and a 52-week high of $49.97. The stock has a market cap of $504.19 million, a price-to-earnings ratio of -9.76 and a beta of 1.81.

Analyst Ratings Changes

Several research firms have issued reports on MEG. Needham & Company LLC decreased their price target on shares of Montrose Environmental Group from $39.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, April 4th. Evercore ISI decreased their target price on Montrose Environmental Group from $40.00 to $33.00 and set an “outperform” rating on the stock in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.40.

About Montrose Environmental Group

Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.