WINTON GROUP Ltd Cuts Holdings in MYR Group Inc. (NASDAQ:MYRG)

WINTON GROUP Ltd lowered its position in shares of MYR Group Inc. (NASDAQ:MYRG) by 28.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,604 shares of the utilities provider’s stock after selling 1,031 shares during the quarter. WINTON GROUP Ltd’s holdings in MYR Group were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MYRG. Artisan Partners Limited Partnership lifted its holdings in shares of MYR Group by 19.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 324,139 shares of the utilities provider’s stock valued at $48,222,000 after acquiring an additional 53,496 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of MYR Group during the 4th quarter valued at about $759,000. Sei Investments Co. lifted its position in MYR Group by 15.3% during the 4th quarter. Sei Investments Co. now owns 27,190 shares of the utilities provider’s stock worth $4,045,000 after acquiring an additional 3,607 shares in the last quarter. American Century Companies Inc. boosted its holdings in MYR Group by 38.2% in the 4th quarter. American Century Companies Inc. now owns 331,840 shares of the utilities provider’s stock worth $49,368,000 after acquiring an additional 91,644 shares during the period. Finally, Boston Partners acquired a new stake in MYR Group in the fourth quarter valued at approximately $14,811,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Robert W. Baird reduced their target price on shares of MYR Group from $201.00 to $159.00 and set an “outperform” rating on the stock in a research report on Thursday, February 27th. Stifel Nicolaus boosted their price objective on shares of MYR Group from $153.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Finally, KeyCorp upgraded MYR Group from a “sector weight” rating to an “overweight” rating and set a $136.00 target price for the company in a research note on Friday, March 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

MYR Group Stock Up 0.6 %

Shares of NASDAQ:MYRG opened at $116.31 on Monday. The firm has a market cap of $1.88 billion, a PE ratio of 50.79 and a beta of 0.93. The company has a fifty day simple moving average of $130.85 and a 200 day simple moving average of $133.83. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.15. MYR Group Inc. has a 12-month low of $86.60 and a 12-month high of $181.02.

About MYR Group

MYR Group Inc, through its subsidiaries, provides electrical construction services in the United States and Canada. It operates in two segments, Transmission and Distribution, and Commercial and Industrial. The Transmission and Distribution segment offers a range of services on electric transmission and distribution networks, and substation facilities, including design, engineering, procurement, construction, upgrade, maintenance, and repair services with primary focus on construction, maintenance, and repair to customers in the electric utility industry; and services, including construction and maintenance of high voltage transmission lines, substations, and lower voltage underground and overhead distribution systems, clean energy projects, and electric vehicle charging infrastructure services, as well as emergency restoration services in response to hurricane, wildfire, ice, or other related damages.