Mastech Digital, Inc. (NYSE:MHH) Shares Purchased by Barclays PLC

Barclays PLC boosted its holdings in shares of Mastech Digital, Inc. (NYSE:MHH) by 86.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,544 shares of the company’s stock after buying an additional 3,042 shares during the quarter. Barclays PLC’s holdings in Mastech Digital were worth $65,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Mastech Digital in the 3rd quarter worth $29,000. HighTower Advisors LLC increased its holdings in shares of Mastech Digital by 19.5% in the third quarter. HighTower Advisors LLC now owns 41,815 shares of the company’s stock valued at $417,000 after purchasing an additional 6,809 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Mastech Digital by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 227,350 shares of the company’s stock worth $1,705,000 after purchasing an additional 5,236 shares during the last quarter. 18.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Mastech Digital Price Performance

NYSE:MHH opened at $14.27 on Friday. The company’s fifty day moving average price is $14.66 and its 200-day moving average price is $12.74. Mastech Digital, Inc. has a 1-year low of $7.15 and a 1-year high of $16.00. The firm has a market capitalization of $167.04 million, a P/E ratio of -75.11, a PEG ratio of 1.38 and a beta of 0.58.

Mastech Digital Company 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.