2 days Ago By ABMN Staff
Russell Investments Group Ltd. raised its position in Mayville Engineering Company, Inc. ( NYSE:MEC – Free Report ) by 14.
3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,783 shares of the company’s stock after purchasing an additional 27,054 shares during the quarter. Russell Investments Group Ltd.
owned 1.05% of Mayville Engineering worth $3,392,000 at the end of the most recent reporting period. Other institutional investors also recently modified their holdings of the company.
AlphaQuest LLC bought a new position in shares of Mayville Engineering in the fourth quarter valued at $38,000. R Squared Ltd bought a new position in shares of Mayville Engineering in the 4th quarter valued at about $40,000. Integrated Quantitative Investments LLC acquired a new position in shares of Mayville Engineering during the 4th quarter worth about $177,000.
Public Employees Retirement System of Ohio raised its holdings in shares of Mayville Engineering by 95.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,470 shares of the company’s stock valued at $263,000 after purchasing an additional 6,100 shares during the period.
Finally, Principal Financial Group Inc. acquired a new stake in Mayville Engineering in the 3rd quarter valued at about $276,000. 45.
44% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Separately, Citigroup decreased their price target on shares of Mayville Engineering from $18.00 to $16.
00 and set a “buy” rating on the stock in a research note on Monday. Mayville Engineering Stock Performance Shares of Mayville Engineering stock opened at $12.43 on Thursday.
The company has a debt-to-equity ratio of 0.47, a current ratio of 1.77 and a quick ratio of 0.
91. Mayville Engineering Company, Inc. has a one year low of $12.
01 and a one year high of $23.02. The business has a 50-day simple moving average of $14.
09 and a 200 day simple moving average of $16.32. The firm has a market capitalization of $253.
82 million, a price-to-earnings ratio of 21.07 and a beta of 0.89.
Mayville Engineering Company Profile ( Free Report ) Mayville Engineering Company, Inc, together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It also supplies engineered components to original equipment manufacturers. Read More Receive News & Ratings for Mayville Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mayville Engineering and related companies with MarketBeat.
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