KLP Kapitalforvaltning AS acquired a new stake in shares of MYR Group Inc. (NASDAQ:MYRG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,100 shares of the utilities provider's stock, valued at approximately $759,000.
A number of other large investors have also bought and sold shares of the company. ANTIPODES PARTNERS Ltd lifted its stake in shares of MYR Group by 13.2% during the 4th quarter. ANTIPODES PARTNERS Ltd now owns 618 shares of the utilities provider's stock valued at $92,000 after buying an additional 72 shares in the last quarter. Tidal Investments LLC lifted its position in shares of MYR Group by 2.0% during the third quarter. Tidal Investments LLC now owns 4,286 shares of the utilities provider's stock worth $438,000 after acquiring an additional 83 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of MYR Group by 27.0% in the fourth quarter. GAMMA Investing LLC now owns 555 shares of the utilities provider's stock worth $83,000 after acquiring an additional 118 shares during the period. MCF Advisors LLC grew its position in shares of MYR Group by 470.0% in the fourth quarter. MCF Advisors LLC now owns 171 shares of the utilities provider's stock valued at $25,000 after purchasing an additional 141 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in MYR Group by 17.5% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 1,317 shares of the utilities provider's stock worth $196,000 after purchasing an additional 196 shares in the last quarter. 88.90% of the stock is owned by hedge funds and other institutional investors.
MYR Group Price Performance
Shares of NASDAQ:MYRG traded down $5.28 on Friday, hitting $105.29. The company's stock had a trading volume of 253,501 shares, compared to its average volume of 207,419. The company has a market capitalization of $1.70 billion, a PE ratio of 45.98 and a beta of 0.93. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.35 and a quick ratio of 1.35. The company has a 50-day simple moving average of $126.67 and a 200 day simple moving average of $134.08. MYR Group Inc. has a 1 year low of $86.60 and a 1 year high of $181.02.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Stifel Nicolaus lifted their target price 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 cut their price objective on shares of MYR Group from $201.00 to $159.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Finally, KeyCorp raised shares of MYR Group from a "sector weight" rating to an "overweight" rating and set a $136.00 target price on the stock in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $155.00.
Read Our Latest Report on MYRG
MYR Group Company Profile
(
Free Report)
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.
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