Montrose Environmental Group, Inc. $MEG Shares Bought by Cwm LLC

Cwm LLC boosted its position in shares of Montrose Environmental Group, Inc. (NYSE:MEG) by 1,015.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,506 shares of the company’s stock after buying an additional 4,102 shares during the period. Cwm LLC’s holdings in Montrose Environmental Group were worth $99,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Montrose Environmental Group in the first quarter valued at approximately $627,000. Lane Generational LLC increased its holdings in shares of Montrose Environmental Group by 27.2% in the first quarter. Lane Generational LLC now owns 61,779 shares of the company’s stock valued at $881,000 after purchasing an additional 13,213 shares during the period. Royce & Associates LP increased its holdings in shares of Montrose Environmental Group by 167.5% in the first quarter. Royce & Associates LP now owns 852,849 shares of the company’s stock valued at $12,162,000 after purchasing an additional 533,986 shares during the period. Summit Creek Advisors LLC increased its holdings in shares of Montrose Environmental Group by 1.2% in the first quarter. Summit Creek Advisors LLC now owns 584,514 shares of the company’s stock valued at $8,335,000 after purchasing an additional 6,840 shares during the period. Finally, Federated Hermes Inc. increased its holdings in shares of Montrose Environmental Group by 55.0% in the first quarter. Federated Hermes Inc. now owns 24,800 shares of the company’s stock valued at $354,000 after purchasing an additional 8,800 shares during the period. Institutional investors and hedge funds own 87.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MEG. Barclays began coverage on Montrose Environmental Group in a report on Friday, September 19th. They issued an “overweight” rating and a $35.00 target price on the stock. Wall Street Zen raised Montrose Environmental Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Montrose Environmental Group in a report on Wednesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $31.00 target price (up previously from $30.00) on shares of Montrose Environmental Group in a report on Friday, August 8th. Finally, Zacks Research lowered Montrose Environmental Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 17th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $33.17.

Montrose Environmental Group Trading Down 0.4%

Shares of MEG stock opened at $25.89 on Friday. The business’s fifty day moving average price is $28.66 and its 200 day moving average price is $23.74. Montrose Environmental Group, Inc. has a 1-year low of $10.51 and a 1-year high of $32.00. The firm has a market capitalization of $913.69 million, a PE ratio of -17.15, a P/E/G ratio of 2.89 and a beta of 1.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.78 and a quick ratio of 1.78.

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.