GSA Capital Partners LLP Takes Position in Montrose Environmental Group, Inc. (NYSE:MEG)

GSA Capital Partners LLP bought a new position in Montrose Environmental Group, Inc. (NYSE:MEG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 26,199 shares of the company’s stock, valued at approximately $689,000. GSA Capital Partners LLP owned approximately 0.08% of Montrose Environmental Group as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Sei Investments Co. raised its holdings in Montrose Environmental Group by 1.0% in the 1st quarter. Sei Investments Co. now owns 49,339 shares of the company’s stock valued at $1,933,000 after buying an additional 485 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Montrose Environmental Group by 16.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 9,285 shares of the company’s stock worth $331,000 after purchasing an additional 1,320 shares during the period. Vanguard Group Inc. grew its stake in shares of Montrose Environmental Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 1,544,607 shares of the company’s stock worth $60,502,000 after purchasing an additional 9,913 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Montrose Environmental Group by 11.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 4,765 shares of the company’s stock valued at $187,000 after purchasing an additional 504 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Montrose Environmental Group by 10.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,104 shares of the company’s stock worth $514,000 after buying an additional 1,211 shares during the period. 87.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MEG has been the topic of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of Montrose Environmental Group from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $29.00 price target (down from $48.00) on shares of Montrose Environmental Group in a research note on Friday, November 8th. Bank of America cut shares of Montrose Environmental Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $52.00 to $29.00 in a research report on Wednesday, November 6th. Finally, Evercore ISI set a $43.00 target price on Montrose Environmental Group in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.20.

Montrose Environmental Group Stock Down 7.0 %

Shares of NYSE MEG opened at $18.88 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.93 and a quick ratio of 1.93. The company has a 50-day moving average price of $25.42 and a 200-day moving average price of $34.60. The stock has a market capitalization of $647.60 million, a P/E ratio of -12.67 and a beta of 1.86. Montrose Environmental Group, Inc. has a 1 year low of $18.57 and a 1 year high of $49.97.

Montrose Environmental Group Profile

Montrose Environmental Group, Inc operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects.