Stephens Investment Management Group LLC Has $12.23 Million Stock Holdings in Montrose Environmental Group, Inc. (NYSE:MEG)

Stephens Investment Management Group LLC decreased its position in shares of Montrose Environmental Group, Inc. (NYSE:MEG) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 464,845 shares of the company’s stock after selling 54,216 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Montrose Environmental Group were worth $12,225,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in Montrose Environmental Group by 43.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,942 shares of the company’s stock worth $86,000 after buying an additional 586 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Montrose Environmental Group during the 2nd quarter worth $204,000. CANADA LIFE ASSURANCE Co lifted its holdings 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 worth $187,000 after buying an additional 504 shares in the last quarter. Bayesian Capital Management LP acquired a new position in Montrose Environmental Group during the 1st quarter worth $271,000. Finally, Mesirow Financial Investment Management Inc. acquired a new position in Montrose Environmental Group during the 2nd quarter worth $310,000. Institutional investors and hedge funds own 87.87% of the company’s stock.

Montrose Environmental Group Price Performance

MEG opened at $25.71 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.46. Montrose Environmental Group, Inc. has a 12 month low of $19.59 and a 12 month high of $49.97. The company has a fifty day simple moving average of $27.31 and a 200 day simple moving average of $36.00. The stock has a market cap of $880.05 million, a P/E ratio of -17.26 and a beta of 1.87.

Montrose Environmental Group (NYSE:MEG) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). Montrose Environmental Group had a negative net margin of 4.91% and a positive return on equity of 0.22%. The firm had revenue of $173.33 million during the quarter, compared to the consensus estimate of $174.59 million. On average, research analysts expect that Montrose Environmental Group, Inc. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI set a $43.00 price target on Montrose Environmental Group in a research note on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and issued a $54.00 price target on shares of Montrose Environmental Group in a research note on Wednesday, October 16th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Montrose Environmental Group has a consensus rating of “Buy” and an average target price of $45.60.

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.