Military Resale Group Inc (NASDAQ:MYRG) Stock Price Down as Sentiment Falls

April 17, 2018 - By Darrin Black

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 2017 Q4. Its down -0.42, from 1.23 in 2017Q3. The ratio is negative, as 54 investment professionals increased or started new holdings, while 67 cut down and sold equity positions in Military Resale Group Inc. The investment professionals in our partner’s database now have: 14.13 million shares, up from 13.62 million shares in 2017Q3. Also, the number of investment professionals holding Military Resale Group Inc in their top 10 holdings 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 EPS, up 214.29 % or $0.15 from last year’s $0.07 per share. MYRG’s profit will be $3.62 million for 35.42 P/E if the $0.22 EPS becomes a reality. After $0.35 actual EPS 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 insider sales 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. As per Wednesday, December 6, the company rating was maintained by Robert W. Baird. The rating was downgraded by Oppenheimer to “Hold” on Monday, March 12. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, March 28. The stock has “Outperform” rating by Robert W. Baird on Friday, November 3. The stock of MYR Group Inc. (NASDAQ:MYRG) earned “Hold” rating by Stifel Nicolaus on Wednesday, October 18. Robert W. Baird maintained the stock with “Buy” rating in Wednesday, January 3 report. The firm has “Buy” rating by Canaccord Genuity given on Thursday, March 8. Robert W. Baird maintained MYR Group Inc. (NASDAQ:MYRG) on Monday, April 9 with “Buy” rating. The rating was maintained by FBR Capital on Friday, March 9 with “Hold”. The firm has “Outperform” rating given on Thursday, March 8 by Robert W. Baird.

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

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