Fisher Asset Management LLC Has $6.55 Million Holdings in MYR Group Inc. (NASDAQ:MYRG)

Fisher Asset Management LLC increased its stake in shares of MYR Group Inc. (NASDAQ:MYRG - Free Report) by 16.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,000 shares of the utilities provider's stock after buying an additional 6,248 shares during the quarter. Fisher Asset Management LLC owned 0.27% of MYR Group worth $6,546,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tidal Investments LLC lifted its position in shares of MYR Group by 2.0% during the 3rd quarter. Tidal Investments LLC now owns 4,286 shares of the utilities provider's stock worth $438,000 after buying an additional 83 shares during the period. GAMMA Investing LLC lifted its position in shares of MYR Group by 27.0% during the 4th quarter. GAMMA Investing LLC now owns 555 shares of the utilities provider's stock worth $83,000 after buying an additional 118 shares during the period. MCF Advisors LLC lifted its position in shares of MYR Group by 470.0% during the 4th quarter. MCF Advisors LLC now owns 171 shares of the utilities provider's stock worth $25,000 after buying an additional 141 shares during the period. Rhumbline Advisers lifted its position in shares of MYR Group by 0.5% during the 4th quarter. Rhumbline Advisers now owns 45,246 shares of the utilities provider's stock worth $6,731,000 after buying an additional 216 shares during the period. Finally, KBC Group NV lifted its position in shares of MYR Group by 56.8% during the 4th quarter. KBC Group NV now owns 737 shares of the utilities provider's stock worth $110,000 after buying an additional 267 shares during the period. Institutional investors own 88.90% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MYRG. Stifel Nicolaus raised their price target on MYR Group from $153.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Robert W. Baird dropped their price target on MYR Group from $201.00 to $159.00 and set an "outperform" rating for the company in a report on Thursday, February 27th.

MYR Group Trading Down 5.7 %

Shares of NASDAQ MYRG traded down $6.85 during midday trading on Friday, hitting $112.67. The stock had a trading volume of 565,516 shares, compared to its average volume of 189,009. The company's 50-day simple moving average is $139.63 and its 200 day simple moving average is $130.94. The firm has a market cap of $1.82 billion, a P/E ratio of 49.20 and a beta of 0.93. MYR Group Inc. has a fifty-two week low of $86.60 and a fifty-two week high of $181.02. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.35 and a quick ratio of 1.35.

MYR Group Company Profile

MYR Group Inc, through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages.