Russell Investments Group Ltd. Has $3.39 Million Stake in Mayville Engineering Company, Inc. (NYSE:MEC)

Russell Investments Group Ltd. increased its position in shares of Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) by 14.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,783 shares of the company's stock after acquiring an additional 27,054 shares during the quarter. Russell Investments Group Ltd. owned about 1.05% of Mayville Engineering worth $3,392,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. O Shaughnessy Asset Management LLC raised its holdings in Mayville Engineering by 2.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 41,363 shares of the company's stock worth $650,000 after purchasing an additional 943 shares during the last quarter. Sheets Smith Wealth Management raised its stake in shares of Mayville Engineering by 3.2% during the fourth quarter. Sheets Smith Wealth Management now owns 36,525 shares of the company's stock worth $574,000 after buying an additional 1,130 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Mayville Engineering by 10.8% in the fourth quarter. Principal Financial Group Inc. now owns 14,529 shares of the company's stock valued at $228,000 after buying an additional 1,417 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Mayville Engineering by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 34,252 shares of the company's stock valued at $722,000 after acquiring an additional 1,760 shares during the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Mayville Engineering by 8.3% during the 4th quarter. Ritholtz Wealth Management now owns 25,305 shares of the company's stock worth $398,000 after acquiring an additional 1,945 shares during the period. Institutional investors and hedge funds own 45.44% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Citigroup cut their price target on Mayville Engineering from $18.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

Mayville Engineering Trading Up 1.7 %

Shares of NYSE:MEC traded up $0.20 during mid-day trading on Tuesday, reaching $12.06. The stock had a trading volume of 107,687 shares, compared to its average volume of 111,191. The firm has a 50 day simple moving average of $13.81 and a two-hundred day simple moving average of $16.06. Mayville Engineering Company, Inc. has a twelve month low of $11.72 and a twelve month high of $23.02. The firm has a market cap of $246.27 million, a PE ratio of 20.44 and a beta of 0.89. The company has a current ratio of 1.77, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Mayville Engineering Company Profile

Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers.