Envestnet Asset Management Inc. Decreases Position in Mastech Digital, Inc. (NYSE:MHH)

Envestnet Asset Management Inc. reduced its position in Mastech Digital, Inc. (NYSE:MHH - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,498 shares of the company's stock after selling 46,290 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.20% of Mastech Digital worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Mastech Digital by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 51,384 shares of the company's stock worth $766,000 after buying an additional 3,631 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of Mastech Digital in the fourth quarter worth about $267,000. Virtu Financial LLC purchased a new stake in shares of Mastech Digital during the third quarter worth about $101,000. Finally, Barclays PLC raised its stake in Mastech Digital by 86.9% during the 3rd quarter. Barclays PLC now owns 6,544 shares of the company's stock valued at $65,000 after purchasing an additional 3,042 shares during the period. 18.43% of the stock is owned by hedge funds and other institutional investors.

Mastech Digital Trading Down 1.3 %

MHH traded down $0.10 during trading on Friday, hitting $7.42. 3,716 shares of the company traded hands, compared to its average volume of 18,903. The company has a market cap of $87.21 million, a PE ratio of 25.67, a P/E/G ratio of 0.79 and a beta of 0.87. The stock's 50-day simple moving average is $8.09 and its two-hundred day simple moving average is $10.44. Mastech Digital, Inc. has a 1 year low of $7.15 and a 1 year high of $16.00.

Mastech Digital (NYSE:MHH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Mastech Digital had a return on equity of 8.20% and a net margin of 1.71%. During the same quarter last year, the business earned $0.11 earnings per share. Equities analysts expect that Mastech Digital, Inc. will post 0.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Mastech Digital from a "buy" rating to a "strong-buy" rating in a research note on Friday, January 3rd.

About Mastech Digital

Mastech Digital, Inc, together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. The company operates through Data and Analytics Services and IT Staffing Services segments. It offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, and digital transformation by using onsite and offshore resources.