Capital Management Corp VA Trims Position in Mastech Digital, Inc. (NYSE:MHH)

Capital Management Corp VA lessened its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 686,251 shares of the company’s stock after selling 149,973 shares during the quarter. Mastech Digital makes up 1.8% of Capital Management Corp VA’s portfolio, making the stock its 25th biggest position. Capital Management Corp VA owned 5.86% of Mastech Digital worth $10,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Truvestments Capital LLC purchased a new position in Mastech Digital during the 3rd quarter valued at $29,000. Barclays PLC boosted its stake in shares of 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Mastech Digital by 15.9% during the third quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after buying an additional 6,544 shares during the period. HighTower Advisors LLC raised its stake in Mastech Digital by 19.5% in the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after buying an additional 6,809 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Mastech Digital in the third quarter worth about $101,000. Hedge funds and other institutional investors own 18.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Mastech Digital from a “buy” rating to a “strong-buy” rating in a report on Friday, January 3rd.

Mastech Digital Stock Down 0.1 %

Shares of MHH stock opened at $10.10 on Friday. The business’s fifty day moving average is $12.15 and its 200 day moving average is $13.74. The stock has a market cap of $118.23 million, a price-to-earnings ratio of 34.83, a PEG ratio of 0.79 and a beta of 0.77. Mastech Digital, Inc. has a twelve month low of $7.15 and a twelve month high of $16.00.

Mastech Digital (NYSE:MHH) last released its earnings results on Wednesday, February 19th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. Mastech Digital had a net margin of 1.71% and a return on equity of 8.20%. During the same period in the prior year, the firm posted $0.11 EPS. Equities research analysts expect that Mastech Digital, Inc. will post 0.84 earnings per share for the current fiscal year.

Mastech Digital Profile

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.