Sei Investments Co. boosted its position in shares of MYR Group Inc. (NASDAQ:MYRG - Free Report) by 15.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,190 shares of the utilities provider's stock after buying an additional 3,607 shares during the quarter. Sei Investments Co. owned approximately 0.17% of MYR Group worth $4,045,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC raised its holdings in shares of MYR Group by 470.0% during the fourth quarter. MCF Advisors LLC now owns 171 shares of the utilities provider's stock valued at $25,000 after acquiring an additional 141 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in MYR Group in the 4th quarter worth $47,000. Smartleaf Asset Management LLC lifted its position in shares of MYR Group by 697.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 327 shares of the utilities provider's stock worth $49,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC boosted its stake 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 valued at $83,000 after purchasing an additional 118 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd increased its position in shares of MYR Group by 13.2% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 618 shares of the utilities provider's stock valued at $92,000 after buying an additional 72 shares during the period. Hedge funds and other institutional investors own 88.90% of the company's stock.
MYR Group Stock Performance
NASDAQ:MYRG traded up $0.18 during mid-day trading on Monday, reaching $105.47. The company's stock had a trading volume of 259,772 shares, compared to its average volume of 207,597. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.70 billion, a P/E ratio of 46.06 and a beta of 1.07. The firm's fifty day moving average price is $126.03 and its two-hundred day moving average price is $134.36. MYR Group Inc. has a 12-month low of $86.60 and a 12-month high of $181.02.
Analyst Ratings Changes
MYRG has been the subject of several research reports. Robert W. Baird decreased their target price on MYR Group from $201.00 to $159.00 and set an "outperform" rating for the company in a research report on Thursday, February 27th. Stifel Nicolaus increased their price objective on MYR Group from $153.00 to $172.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, KeyCorp upgraded 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 research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.00.
Check Out Our Latest Stock Analysis on MYR Group
About MYR Group
(
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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