Geode Capital Management LLC Grows Holdings in Mastech Digital, Inc. (NYSE:MHH)

Geode Capital Management LLC boosted its stake in Mastech Digital, Inc. (NYSE:MHH) by 7.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,384 shares of the company’s stock after purchasing an additional 3,631 shares during the period. Geode Capital Management LLC owned about 0.44% of Mastech Digital worth $766,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of Mastech Digital in the 4th quarter worth about $267,000. Virtu Financial LLC bought a new position in Mastech Digital during the third quarter valued at approximately $101,000. Finally, Barclays PLC lifted its stake 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 purchasing an additional 3,042 shares during the last quarter. 18.43% of the stock is currently owned by institutional investors.

Mastech Digital Stock Performance

NYSE:MHH opened at $7.52 on Friday. Mastech Digital, Inc. has a one year low of $7.15 and a one year high of $16.00. The firm’s fifty day moving average is $8.09 and its two-hundred day moving average is $10.44. The firm has a market cap of $88.39 million, a price-to-earnings ratio of 25.93, a PEG ratio of 0.79 and a beta of 0.87.

Mastech Digital (NYSE:MHH) last issued 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 net margin of 1.71% and a return on equity of 8.20%. During the same period in the previous year, the business earned $0.11 earnings per share. As a group, equities research analysts predict that Mastech Digital, Inc. will post 0.84 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Mastech Digital Company 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.