American Century Companies Inc. Grows Position in Mayville Engineering Company, Inc. (NYSE:MEC)

American Century Companies Inc. boosted its stake in shares of Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 61.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 219,713 shares of the company's stock after acquiring an additional 83,213 shares during the period. American Century Companies Inc. owned about 1.06% of Mayville Engineering worth $3,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in shares of Mayville Engineering in the fourth quarter worth approximately $38,000. R Squared Ltd acquired a new stake in Mayville Engineering during the 4th quarter worth $40,000. Point72 Asset Management L.P. acquired a new stake in Mayville Engineering during the 3rd quarter worth $95,000. Principal Financial Group Inc. grew its holdings in shares of Mayville Engineering by 10.8% during the fourth quarter. Principal Financial Group Inc. now owns 14,529 shares of the company's stock worth $228,000 after buying an additional 1,417 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in shares of Mayville Engineering by 95.8% in the third quarter. Public Employees Retirement System of Ohio now owns 12,470 shares of the company's stock valued at $263,000 after buying an additional 6,100 shares during the last quarter. 45.44% of the stock is owned by hedge funds and other institutional investors.

Mayville Engineering Trading Up 0.7 %

Mayville Engineering stock traded up $0.09 during trading on Friday, reaching $12.68. 60,328 shares of the company were exchanged, compared to its average volume of 109,524. 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's 50 day simple moving average is $14.30 and its two-hundred day simple moving average is $16.46. The company has a market capitalization of $258.86 million, a P/E ratio of 21.49 and a beta of 0.89. Mayville Engineering Company, Inc. has a 52-week low of $12.01 and a 52-week high of $23.02.

Analyst Ratings Changes

Separately, Citigroup lowered their price target on shares of Mayville Engineering from $22.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th.

Mayville Engineering Company 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.