Aegis Financial Has Decreased Hardinge (HDNG) Position; Myr Group (MYRG)’s Sentiment Is 1.23

March 6, 2018 - By Marguerite Chambers

MYR Group Inc., through its subsidiaries, provides electrical construction services in the United States and Canada. The company has market cap of $544.40 million. It operates through two divisions, Transmission and Distribution, and Commercial and Industrial. It has a 35.48 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.

Aegis Financial Corp decreased Hardinge Inc. (HDNG) stake by 70.12% reported in 2017Q3 SEC filing. Aegis Financial Corp sold 154,136 shares as Hardinge Inc. (HDNG)’s stock rose 8.55%. The Aegis Financial Corp holds 65,678 shares with $1.00M value, down from 219,814 last quarter. Hardinge Inc. now has $238.28 million valuation. The stock increased 0.03% or $0.005 during the last trading session, reaching $18.335. About 115,441 shares traded or 38.35% up from the average. Hardinge Inc. (NASDAQ:HDNG) has risen 8.84% since March 6, 2017 and is uptrending. It has underperformed by 7.86% the S&P500.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.23, from 1 in 2017Q2. It increased, as 8 investors sold HDNG shares while 26 reduced holdings. 11 funds opened positions while 23 raised stakes. 9.11 million shares or 1.19% less from 9.22 million shares in 2017Q2 were reported. Royal State Bank Of Canada holds 0% or 20,407 shares in its portfolio. State Common Retirement Fund reported 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Morgan Dempsey Mgmt Lc holds 71,802 shares. Dimensional Fund Advsrs LP has 0.01% invested in Hardinge Inc. (NASDAQ:HDNG) for 1.08 million shares. Goldman Sachs has invested 0% in Hardinge Inc. (NASDAQ:HDNG). Walthausen Co Limited Liability Co stated it has 32,200 shares or 0.05% of all its holdings. Meeder Asset Mgmt holds 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG) for 347 shares. Commercial Bank Of America De invested 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Bnp Paribas Arbitrage has invested 0% in Hardinge Inc. (NASDAQ:HDNG). Perritt Cap Incorporated holds 51,095 shares or 0.2% of its portfolio. Bancorporation Of New York Mellon Corp invested 0% of its portfolio in Hardinge Inc. (NASDAQ:HDNG). Aegis Fin Corp invested in 65,678 shares. Geode Capital Mgmt Limited Liability Corp accumulated 0% or 81,812 shares. Deutsche Bank & Trust Ag, a Germany-based fund reported 65,223 shares. Morgan Stanley has 76,755 shares for 0% of their portfolio.

Among 2 analysts covering Hardinge (NASDAQ:HDNG), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Hardinge had 2 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, August 4 by Sidoti. Jefferies maintained the stock with “Hold” rating in Friday, October 23 report.

Analysts await MYR Group Inc. (NASDAQ:MYRG) to report earnings on March, 8. They expect $0.33 earnings per share, down 31.25% or $0.15 from last year’s $0.48 per share. MYRG’s profit will be $5.43M for 25.05 P/E if the $0.33 EPS becomes a reality. After $0.31 actual earnings per share reported by MYR Group Inc. for the previous quarter, Wall Street now forecasts 6.45% EPS growth.

Corbyn Investment Management Inc Md holds 3.02% of its portfolio in MYR Group Inc. for 325,402 shares. Thomson Horstmann & Bryant Inc owns 302,698 shares or 1.21% of their US portfolio. Moreover, Investment Counselors Of Maryland Llc has 0.98% invested in the company for 659,226 shares. The Oregon-based Tygh Capital Management Inc. has invested 0.61% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 27,479 shares.

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