Mayville Engineering Company, Inc. (NYSE:MEC) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its position in shares of Mayville Engineering Company, Inc. (NYSE:MEC) by 28.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,248 shares of the company’s stock after acquiring an additional 4,013 shares during the quarter. Jane Street Group LLC owned approximately 0.09% of Mayville Engineering worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of Mayville Engineering during the 4th quarter valued at about $38,000. Aquatic Capital Management LLC acquired a new position in shares of Mayville Engineering during the 4th quarter valued at about $44,000. Integrated Quantitative Investments LLC acquired a new position in shares of Mayville Engineering during the 4th quarter valued at about $177,000. Principal Financial Group Inc. boosted its position in shares of Mayville Engineering by 10.8% during the 4th quarter. Principal Financial Group Inc. now owns 14,529 shares of the company’s stock valued at $228,000 after acquiring an additional 1,417 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Mayville Engineering during the 4th quarter valued at about $269,000. Institutional investors and hedge funds own 45.44% of the company’s stock.

Mayville Engineering Trading Up 2.3%

NYSE MEC opened at $15.95 on Wednesday. The firm’s 50-day moving average is $13.75 and its two-hundred day moving average is $14.96. Mayville Engineering Company, Inc. has a 12 month low of $11.72 and a 12 month high of $23.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a market capitalization of $326.31 million, a P/E ratio of 27.03 and a beta of 1.15.

Mayville Engineering (NYSE:MEC) last posted its earnings results on Tuesday, May 6th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. The company had revenue of $135.58 million for the quarter, compared to analysts’ expectations of $134.52 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. On average, sell-side analysts anticipate that Mayville Engineering Company, Inc. will post 0.31 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citigroup lowered their price target on shares of Mayville Engineering from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.

Mayville Engineering Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.