Millennium Management LLC Purchases Shares of 14,958 Mastech Digital, Inc. (NYSE:MHH)

Millennium Management LLC purchased a new stake in shares of Mastech Digital, Inc. (NYSE:MHH) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 14,958 shares of the company’s stock, valued at approximately $223,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in Mastech Digital by 24.1% in the 4th quarter. Barclays PLC now owns 8,120 shares of the company’s stock worth $122,000 after buying an additional 1,576 shares during the period. Marshall Wace LLP bought a new position in Mastech Digital in the 4th quarter worth $156,000. Citadel Advisors LLC bought a new position in Mastech Digital in the 4th quarter worth $159,000. Arrowstreet Capital Limited Partnership bought a new position in Mastech Digital in the 4th quarter worth $267,000. Finally, 683 Capital Management LLC bought a new position in Mastech Digital in the 4th quarter worth $353,000. Institutional investors own 18.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Mastech Digital from a “buy” rating to a “hold” rating in a report on Wednesday, May 21st.

Mastech Digital Stock Performance

Shares of Mastech Digital stock opened at $6.39 on Thursday. The company has a market capitalization of $75.18 million, a P/E ratio of 22.04, a P/E/G ratio of 0.79 and a beta of 0.78. The company has a fifty day moving average of $7.41 and a 200 day moving average of $8.30. Mastech Digital, Inc. has a fifty-two week low of $6.20 and a fifty-two week high of $16.00.

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.