Mastech Digital, Inc. (NYSE:MHH) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in Mastech Digital, Inc. (NYSE:MHH - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,498 shares of the company's stock after selling 46,290 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.20% of Mastech Digital worth $2,093,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MHH. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Mastech Digital in the fourth quarter valued at about $267,000. Virtu Financial LLC acquired a new stake in shares of Mastech Digital in the third quarter valued at about $101,000. Geode Capital Management LLC boosted its position 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 last quarter. Finally, Barclays PLC raised its holdings in Mastech Digital by 86.9% in the 3rd quarter. Barclays PLC now owns 6,544 shares of the company's stock valued at $65,000 after acquiring an additional 3,042 shares during the last quarter. Institutional investors and hedge funds own 18.43% of the company's stock.

Mastech Digital Price Performance

MHH stock opened at $7.68 on Monday. The business has a 50 day simple moving average of $8.50 and a 200-day simple moving average of $10.76. The firm has a market capitalization of $90.27 million, a PE ratio of 26.48, a price-to-earnings-growth ratio of 0.79 and a beta of 0.87. Mastech Digital, Inc. has a 1 year low of $7.15 and a 1 year high of $16.00.

Mastech Digital (NYSE:MHH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm earned $0.11 earnings per share. On average, equities research analysts expect that Mastech Digital, Inc. will post 0.84 EPS for the current year.

Analyst Ratings Changes

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

About Mastech Digital

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.

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