Mastech Digital, Inc. (NYSE:MHH) Shares Sold by Capital Management Corp VA

Capital Management Corp VA lowered its stake in shares of Mastech Digital, Inc. (NYSE:MHH - Free Report) by 17.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 686,251 shares of the company's stock after selling 149,973 shares during the period. Mastech Digital comprises about 1.8% of Capital Management Corp VA's portfolio, making the stock its 25th largest holding. Capital Management Corp VA owned 5.86% of Mastech Digital worth $10,225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MHH. Geode Capital Management LLC grew its holdings in Mastech Digital by 15.9% during the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company's stock worth $478,000 after acquiring an additional 6,544 shares during the period. HighTower Advisors LLC grew its stake in shares of Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company's stock worth $417,000 after purchasing an additional 6,809 shares during the period. Virtu Financial LLC purchased a new position in shares of Mastech Digital during the 3rd quarter valued at approximately $101,000. Barclays PLC increased its holdings in shares of Mastech Digital by 86.9% during 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 in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Mastech Digital in the 3rd quarter valued at $29,000. Institutional investors and hedge funds own 18.43% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Mastech Digital from a "buy" rating to a "strong-buy" rating in a report on Friday, January 3rd.

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Mastech Digital Stock Performance

Shares of Mastech Digital stock traded up $0.23 on Wednesday, hitting $9.77. The company's stock had a trading volume of 15,740 shares, compared to its average volume of 25,326. The company has a market capitalization of $114.37 million, a price-to-earnings ratio of 33.69, a price-to-earnings-growth ratio of 0.79 and a beta of 0.78. Mastech Digital, Inc. has a 1 year low of $7.15 and a 1 year high of $16.00. The firm has a fifty day moving average price of $11.82 and a 200-day moving average price of $13.58.

Mastech Digital (NYSE:MHH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. Mastech Digital had a return on equity of 8.20% and a net margin of 1.71%. During the same period last year, the company earned $0.11 EPS. As a group, analysts forecast that Mastech Digital, Inc. will post 0.84 EPS for the current year.

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.