Dynamic Technology Lab Private Ltd acquired a new position in Montrose Environmental Group, Inc. (NYSE:MEG - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 48,389 shares of the company's stock, valued at approximately $690,000. Dynamic Technology Lab Private Ltd owned approximately 0.14% of Montrose Environmental Group at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Montrose Environmental Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,096 shares of the company's stock worth $336,000 after buying an additional 636 shares in the last quarter. Rhumbline Advisers grew its holdings in Montrose Environmental Group by 4.3% in the 1st quarter. Rhumbline Advisers now owns 45,101 shares of the company's stock worth $643,000 after buying an additional 1,875 shares in the last quarter. B. Metzler seel. Sohn & Co. AG grew its holdings in Montrose Environmental Group by 19.1% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 13,463 shares of the company's stock worth $192,000 after buying an additional 2,161 shares in the last quarter. Graham Capital Management L.P. grew its holdings in Montrose Environmental Group by 8.4% in the 1st quarter. Graham Capital Management L.P. now owns 40,474 shares of the company's stock worth $577,000 after buying an additional 3,135 shares in the last quarter. Finally, AlphaQuest LLC grew its holdings in Montrose Environmental Group by 569.3% in the 1st quarter. AlphaQuest LLC now owns 4,096 shares of the company's stock worth $58,000 after buying an additional 3,484 shares in the last quarter. 87.87% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on MEG shares. Needham & Company LLC reissued a "buy" rating and issued a $31.00 price objective (up from $30.00) on shares of Montrose Environmental Group in a report on Friday, August 8th. Wall Street Zen raised Montrose Environmental Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.00.
Check Out Our Latest Report on Montrose Environmental Group
Montrose Environmental Group Stock Performance
Shares of NYSE MEG opened at $28.47 on Wednesday. The stock has a fifty day moving average price of $25.42 and a two-hundred day moving average price of $20.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.78 and a current ratio of 1.78. The firm has a market cap of $1.00 billion, a P/E ratio of -18.85, a PEG ratio of 2.91 and a beta of 1.84. Montrose Environmental Group, Inc. has a 1 year low of $10.51 and a 1 year high of $32.00.
Montrose Environmental Group Company Profile
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Free Report)
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.
Further Reading
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