GSA Capital Partners LLP Has $1.83 Million Holdings in Montrose Environmental Group, Inc. $MEG

GSA Capital Partners LLP raised its stake in Montrose Environmental Group, Inc. (NYSE:MEG) by 160.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 66,732 shares of the company’s stock after purchasing an additional 41,125 shares during the quarter. GSA Capital Partners LLP owned 0.19% of Montrose Environmental Group worth $1,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of MEG. Lisanti Capital Growth LLC bought a new stake in shares of Montrose Environmental Group in the 3rd quarter worth approximately $2,803,000. Peregrine Capital Management LLC raised its position in shares of Montrose Environmental Group by 16.6% in the third quarter. Peregrine Capital Management LLC now owns 283,899 shares of the company’s stock worth $7,796,000 after buying an additional 40,393 shares in the last quarter. Atria Investments Inc bought a new stake in Montrose Environmental Group during the second quarter valued at $266,000. Stephens Investment Management Group LLC increased its position in shares of Montrose Environmental Group by 44.6% in the second quarter. Stephens Investment Management Group LLC now owns 656,814 shares of the company’s stock worth $14,378,000 after purchasing an additional 202,541 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. raised its stake in Montrose Environmental Group by 46.2% in the second quarter. Global Alpha Capital Management Ltd. now owns 162,982 shares of the company’s stock valued at $3,568,000 after purchasing an additional 51,476 shares in the last quarter. Institutional investors own 87.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MEG shares. Barclays increased their price target on shares of Montrose Environmental Group from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Needham & Company LLC raised their price target on Montrose Environmental Group from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen cut Montrose Environmental Group from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $33.67.

Montrose Environmental Group Stock Down 6.4%

Shares of NYSE:MEG opened at $20.50 on Tuesday. The company has a market cap of $724.47 million, a PE ratio of -22.53, a P/E/G ratio of 1.45 and a beta of 2.02. Montrose Environmental Group, Inc. has a 1 year low of $10.51 and a 1 year high of $32.00. The stock’s 50-day moving average is $24.47 and its 200 day moving average is $26.25. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.66 and a quick ratio of 1.66.

About Montrose Environmental Group

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.