Fox Run Management L.L.C. Takes $575,000 Position in Montrose Environmental Group, Inc. $MEG

Fox Run Management L.L.C. bought a new position in Montrose Environmental Group, Inc. (NYSE:MEG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,937 shares of the company’s stock, valued at approximately $575,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Montrose Environmental Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,876 shares of the company’s stock valued at $269,000 after purchasing an additional 780 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Montrose Environmental Group by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 326,969 shares of the company’s stock valued at $4,663,000 after buying an additional 92,671 shares in the last quarter. CWM LLC raised its holdings in shares of Montrose Environmental Group by 1,015.3% in the second quarter. CWM LLC now owns 4,506 shares of the company’s stock valued at $99,000 after buying an additional 4,102 shares during the last quarter. AlphaQuest LLC lifted its position in Montrose Environmental Group by 17.4% during the 2nd quarter. AlphaQuest LLC now owns 4,809 shares of the company’s stock worth $105,000 after buying an additional 713 shares in the last quarter. Finally, Atria Investments Inc bought a new stake in Montrose Environmental Group during the 2nd quarter worth about $266,000. 87.87% of the stock is owned by institutional investors and hedge funds.

Montrose Environmental Group Stock Up 2.1%

NYSE:MEG opened at $29.22 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.70. Montrose Environmental Group, Inc. has a 12-month low of $10.51 and a 12-month high of $32.00. The stock’s fifty day simple moving average is $24.03 and its 200-day simple moving average is $26.24. The firm has a market capitalization of $1.03 billion, a P/E ratio of -121.73, a P/E/G ratio of 2.06 and a beta of 2.02.

Montrose Environmental Group (NYSE:MEG) last released its earnings results on Wednesday, February 25th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.11. The firm had revenue of $193.27 million for the quarter, compared to analyst estimates of $186.24 million. Montrose Environmental Group had a positive return on equity of 4.45% and a negative net margin of 0.10%.The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.90) earnings per share. Equities research analysts expect that Montrose Environmental Group, Inc. will post 0.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of Montrose Environmental Group from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday. Wall Street Zen cut shares of Montrose Environmental Group from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Barclays upped their price objective on Montrose Environmental Group from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $34.67.

Montrose Environmental Group Company Profile

Montrose Environmental Group (NYSE: MEG) is a global provider of environmental technical and monitoring services, delivering solutions for site assessment, remediation, compliance and long-term environmental stewardship. The company serves a broad range of industries, including energy, manufacturing, chemicals, mining and government agencies, supporting clients with risk management strategies, regulatory permitting and environmental permitting.

Montrose’s core offerings encompass environmental consulting, engineering design, field sampling and laboratory analysis, plus innovative digital monitoring platforms.