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

Capital Management Corp VA trimmed its position in Mastech Digital, Inc. (NYSE:MHH) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 686,251 shares of the company’s stock after selling 149,973 shares during the period. Mastech Digital makes up approximately 1.8% of Capital Management Corp VA’s portfolio, making the stock its 25th largest holding. Capital Management Corp VA owned 0.06% of Mastech Digital worth $10,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of MHH. Truvestments Capital LLC acquired a new stake in shares of Mastech Digital in the 3rd quarter worth $29,000. Barclays PLC lifted its position in Mastech Digital by 86.9% in the third 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. Geode Capital Management LLC boosted its holdings in Mastech Digital by 15.9% in the 3rd quarter. Geode Capital Management LLC now owns 47,753 shares of the company’s stock valued at $478,000 after purchasing an additional 6,544 shares in the last quarter. HighTower Advisors LLC increased its position in Mastech Digital by 19.5% during the 3rd quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock worth $417,000 after purchasing an additional 6,809 shares during the period. Finally, Virtu Financial LLC acquired a new position in Mastech Digital during the 3rd quarter worth approximately $101,000. 18.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Mastech Digital Stock Performance

Shares of NYSE MHH opened at $10.10 on Friday. The company’s fifty day moving average is $12.15 and its two-hundred day moving average is $13.74. The firm has a market capitalization of $118.23 million, a P/E ratio of 34.83, a PEG ratio of 0.79 and a beta of 0.77. Mastech Digital, Inc. has a one year low of $7.15 and a one year high of $16.00.

Mastech Digital (NYSE:MHH) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.23 EPS 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 quarter in the prior year, the company earned $0.11 EPS. On average, sell-side analysts forecast that Mastech Digital, Inc. will post 0.84 earnings per share for the current fiscal year.

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.