Privium Fund Management B.V. Invests $350,000 in Montrose Environmental Group, Inc. (NYSE:MEG)

Privium Fund Management B.V. acquired a new stake in Montrose Environmental Group, Inc. (NYSE:MEG) in the third quarter, Holdings Channel reports. The firm acquired 13,325 shares of the company’s stock, valued at approximately $350,000.

Other large investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. grew its position in shares of Montrose Environmental Group by 43.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,942 shares of the company’s stock valued at $86,000 after buying an additional 586 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in Montrose Environmental Group by 11.8% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 4,765 shares of the company’s stock valued at $187,000 after purchasing an additional 504 shares during the period. Los Angeles Capital Management LLC bought a new position in Montrose Environmental Group during the 2nd quarter worth approximately $204,000. Net Worth Advisory Group bought a new position in Montrose Environmental Group during the 3rd quarter worth approximately $213,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Montrose Environmental Group in the 1st quarter worth approximately $271,000. 87.87% of the stock is owned by institutional investors.

Montrose Environmental Group Trading Down 13.4 %

Shares of Montrose Environmental Group stock opened at $20.51 on Friday. The stock has a market capitalization of $702.06 million, a PE ratio of -13.77 and a beta of 1.86. Montrose Environmental Group, Inc. has a 52 week low of $19.59 and a 52 week high of $49.97. The stock has a 50 day moving average price of $26.45 and a two-hundred day moving average price of $35.41. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.82 and a current ratio of 1.82.

Analyst Ratings Changes

A number of brokerages recently weighed in on MEG. Needham & Company LLC lowered their target price on shares of Montrose Environmental Group from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Friday. Evercore ISI set a $43.00 price objective on Montrose Environmental Group in a research note on Thursday, October 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $29.00 target price (down previously from $48.00) on shares of Montrose Environmental Group in a research note on Friday. Finally, Bank of America lowered Montrose Environmental Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $52.00 to $29.00 in a research note on Wednesday. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Montrose Environmental Group Company Profile

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.