Montrose Environmental Group, Inc. (NYSE:MEG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) by 49.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 15,425 shares of the company's stock after selling 14,903 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Montrose Environmental Group were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Royce & Associates LP lifted its position in shares of Montrose Environmental Group by 43.3% in the third quarter. Royce & Associates LP now owns 345,069 shares of the company's stock worth $9,075,000 after buying an additional 104,320 shares in the last quarter. FMR LLC raised its stake in Montrose Environmental Group by 11.1% during the third quarter. FMR LLC now owns 352,264 shares of the company's stock valued at $9,265,000 after purchasing an additional 35,314 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Montrose Environmental Group during the third quarter valued at $6,801,000. Rockefeller Capital Management L.P. grew its stake in shares of Montrose Environmental Group by 189.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 46,512 shares of the company's stock worth $1,223,000 after buying an additional 30,437 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Montrose Environmental Group by 375.0% in the 3rd quarter. Barclays PLC now owns 53,575 shares of the company's stock worth $1,410,000 after buying an additional 42,297 shares in the last quarter. 87.87% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Evercore ISI lowered their price objective on Montrose Environmental Group from $40.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. Stifel Nicolaus lowered their price target on Montrose Environmental Group from $41.00 to $38.00 and set a "buy" rating for the company in a research report on Wednesday, December 11th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $39.00 price objective on shares of Montrose Environmental Group in a research note on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $33.60.

Montrose Environmental Group Stock Down 4.8 %

MEG stock traded down $0.83 during trading on Monday, hitting $16.42. 754,539 shares of the company's stock traded hands, compared to its average volume of 499,954. The firm has a market capitalization of $564.00 million, a P/E ratio of -11.02 and a beta of 1.72. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.60. Montrose Environmental Group, Inc. has a 1 year low of $15.21 and a 1 year high of $49.97. The business has a fifty day simple moving average of $20.18 and a two-hundred day simple moving average of $22.46.

About Montrose Environmental Group

Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.