Renaissance Technologies LLC Has $10,780,000 Position in Metaldyne Performance Group Inc (MPG)

Renaissance Technologies LLC boosted its stake in Metaldyne Performance Group Inc (NYSE:MPG) by 2,359.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 469,700 shares of the company’s stock after buying an additional 450,600 shares during the period. Renaissance Technologies LLC’s holdings in Metaldyne Performance Group were worth $10,780,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bbva Compass Bancshares Inc. purchased a new stake in Metaldyne Performance Group during the third quarter valued at $246,000. Victory Capital Management Inc. boosted its stake in Metaldyne Performance Group by 397.9% in the third quarter. Victory Capital Management Inc. now owns 19,073 shares of the company’s stock valued at $302,000 after buying an additional 15,242 shares during the period. Citadel Advisors LLC purchased a new stake in Metaldyne Performance Group during the third quarter valued at $425,000. Highland Capital Management LP purchased a new stake in Metaldyne Performance Group during the fourth quarter valued at $433,000. Finally, Alambic Investment Management L.P. boosted its stake in Metaldyne Performance Group by 31.4% in the third quarter. Alambic Investment Management L.P. now owns 36,000 shares of the company’s stock valued at $571,000 after buying an additional 8,600 shares during the period. Institutional investors own 18.58% of the company’s stock.

Institutional Ownership by Quarter for Metaldyne Performance Group (NYSE:MPG)

Metaldyne Performance Group Inc (NYSE:MPG) opened at 23.45 on Tuesday. The company has a 50 day moving average price of $23.50 and a 200-day moving average price of $20.14. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 16.87 and a beta of 2.07. Metaldyne Performance Group Inc has a 1-year low of $12.55 and a 1-year high of $24.00.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be issued a dividend of $0.093 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $0.37 dividend on an annualized basis and a yield of 1.59%. Metaldyne Performance Group’s dividend payout ratio (DPR) is 25.69%.

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Several research firms have recently weighed in on MPG. TheStreet upgraded Metaldyne Performance Group from a “d” rating to a “c” rating in a report on Wednesday, February 22nd. Royal Bank of Canada restated a “hold” rating and set a $21.00 price target on shares of Metaldyne Performance Group in a report on Tuesday, February 28th. Finally, Zacks Investment Research upgraded Metaldyne Performance Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 4th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Metaldyne Performance Group currently has an average rating of “Hold” and an average target price of $17.75.

Metaldyne Performance Group Company Profile

Metaldyne Performance Group Inc provides components for use in engine, transmission and driveline (Powertrain) and chassis, suspension, steering and brake component (Safety-Critical) Platforms for the global light, commercial and industrial vehicle markets. The Company produces these components using complex metal-forming manufacturing technologies and processes for a customer base of vehicle original equipment manufacturers (OEMs) and Tier I suppliers.

5 Day Chart for NYSE:MPG

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