Expect Equity LLC Takes Position in Mayville Engineering Company, Inc. (NYSE:MEC)

Expect Equity LLC purchased a new position in Mayville Engineering Company, Inc. (NYSE:MEC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 74,744 shares of the company's stock, valued at approximately $1,175,000. Expect Equity LLC owned 0.36% of Mayville Engineering at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. AlphaQuest LLC bought a new position in Mayville Engineering during the 4th quarter worth about $38,000. R Squared Ltd bought a new stake in shares of Mayville Engineering in the 4th quarter valued at about $40,000. Aquatic Capital Management LLC bought a new stake in shares of Mayville Engineering in the 4th quarter valued at about $44,000. Integrated Quantitative Investments LLC purchased a new position in shares of Mayville Engineering in the 4th quarter valued at approximately $177,000. Finally, Deutsche Bank AG raised its position in shares of Mayville Engineering by 94.7% in the 4th quarter. Deutsche Bank AG now owns 12,122 shares of the company's stock valued at $191,000 after purchasing an additional 5,897 shares during the last quarter. Hedge funds and other institutional investors own 45.44% of the company's stock.

Mayville Engineering Stock Performance

MEC traded down $0.20 during trading on Wednesday, reaching $15.24. 50,849 shares of the company's stock were exchanged, compared to its average volume of 112,505. Mayville Engineering Company, Inc. has a 1 year low of $11.72 and a 1 year high of $23.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.91. The stock has a market capitalization of $311.83 million, a P/E ratio of 25.83 and a beta of 1.15. The company's fifty day simple moving average is $13.34 and its 200-day simple moving average is $15.31.

Mayville Engineering (NYSE:MEC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.03. The firm had revenue of $135.58 million during the quarter, compared to analyst estimates of $134.52 million. Mayville Engineering had a net margin of 2.01% and a return on equity of 5.20%. During the same period in the previous year, the firm earned $0.22 EPS. As a group, research analysts predict that Mayville Engineering Company, Inc. will post 0.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup reduced their price target on shares of Mayville Engineering from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Monday, April 14th.

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.