Citadel Advisors LLC Acquires Shares of 10,644 Mastech Digital, Inc. (NYSE:MHH)

Citadel Advisors LLC acquired a new stake in Mastech Digital, Inc. (NYSE:MHH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,644 shares of the company’s stock, valued at approximately $159,000. Citadel Advisors LLC owned 0.09% of Mastech Digital as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its position in shares of Mastech Digital by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 238,705 shares of the company’s stock valued at $3,557,000 after acquiring an additional 3,922 shares during the period. Renaissance Technologies LLC boosted its position in Mastech Digital by 2.4% during the fourth quarter. Renaissance Technologies LLC now owns 111,727 shares of the company’s stock worth $1,665,000 after purchasing an additional 2,600 shares in the last quarter. Geode Capital Management LLC boosted its position in Mastech Digital by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 51,384 shares of the company’s stock worth $766,000 after purchasing an additional 3,631 shares in the last quarter. Northern Trust Corp grew its holdings in Mastech Digital by 74.3% in the fourth quarter. Northern Trust Corp now owns 25,631 shares of the company’s stock valued at $382,000 after purchasing an additional 10,930 shares during the period. Finally, 683 Capital Management LLC purchased a new stake in shares of Mastech Digital in the fourth quarter valued at approximately $353,000. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Mastech Digital Stock Up 0.6%

Shares of NYSE MHH opened at $6.51 on Monday. The firm has a market cap of $76.59 million, a price-to-earnings ratio of 22.45, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. The company’s 50-day simple moving average is $7.55 and its 200-day simple moving average is $8.43. Mastech Digital, Inc. has a 52-week low of $6.20 and a 52-week high of $16.00.

Wall Street Analysts Forecast Growth

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

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.