Military Resale Group Inc (NASDAQ:MYRG) Institutional Investors Sentiment Index Worsens in 2017 Q4

April 17, 2018 - By Adrian Erickson

MYR Group Inc. (NASDAQ:MYRG) Logo

Sentiment for Military Resale Group Inc (NASDAQ:MYRG)

Military Resale Group Inc (NASDAQ:MYRG) institutional sentiment decreased to 0.81 in Q4 2017. Its down -0.42, from 1.23 in 2017Q3. The ratio fall, as 54 hedge funds opened new or increased stock positions, while 67 cut down and sold equity positions in Military Resale Group Inc. The hedge funds in our partner’s database now have: 14.13 million shares, up from 13.62 million shares in 2017Q3. Also, the number of hedge funds holding Military Resale Group Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 17 Reduced: 50 Increased: 36 New Position: 18.

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company has market cap of $513.29 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial. It has a 24.35 P/E ratio. 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 clients in the electric utility and the renewable energy industries.

The stock increased 0.23% or $0.07 during the last trading session, reaching $31.17. About 31,630 shares traded. MYR Group Inc. (NASDAQ:MYRG) has declined 22.82% since April 17, 2017 and is downtrending. It has underperformed by 34.37% the S&P500.

Analysts await MYR Group Inc. (NASDAQ:MYRG) to report earnings on May, 2. They expect $0.22 earnings per share, up 214.29 % or $0.15 from last year’s $0.07 per share. MYRG’s profit will be $3.62M for 35.42 P/E if the $0.22 EPS becomes a reality. After $0.35 actual earnings per share reported by MYR Group Inc. for the previous quarter, Wall Street now forecasts -37.14 % negative EPS growth.

Corbyn Investment Management Inc Md holds 3.3% of its portfolio in MYR Group Inc. for 275,287 shares. Thomson Horstmann & Bryant Inc owns 344,357 shares or 1.62% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 1.17% invested in the company for 660,213 shares. The Oregon-based Tygh Capital Management Inc. has invested 0.75% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 27,431 shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 selling transactions for $748,904 activity.

MYR Group Inc. (NASDAQ:MYRG) Ratings Coverage

Ratings analysis reveals 40% of MYR Group’s analysts are positive. Out of 5 Wall Street analysts rating MYR Group, 2 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $29.0 while the high is $42.0. The stock’s average target of $37.60 is 20.63% above today’s ($31.17) share price. MYRG was included in 13 notes of analysts from October 18, 2017. Robert W. Baird maintained MYR Group Inc. (NASDAQ:MYRG) on Thursday, March 8 with “Outperform” rating. The firm has “Hold” rating by FBR Capital given on Friday, March 9. The rating was maintained by Canaccord Genuity with “Buy” on Thursday, March 8. The rating was maintained by Stifel Nicolaus with “Hold” on Wednesday, October 18. On Wednesday, March 28 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Outperform” rating by Robert W. Baird given on Friday, November 3. The firm earned “Buy” rating on Monday, April 9 by Robert W. Baird. Robert W. Baird maintained it with “Buy” rating and $38.0 target in Wednesday, December 6 report. The company was maintained on Sunday, December 10 by Stifel Nicolaus. The rating was maintained by Robert W. Baird with “Buy” on Wednesday, January 3.

MYR Group Inc. (NASDAQ:MYRG) Institutional Positions Chart

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