MYR Group: Institutional Investors Hold 88% Stake
Analysis of Institutional Investors
An analysis of MYR Group Inc. (NASDAQ:) reveals that institutional investors dominate the company’s shares, holding approximately 88% of the total stake. This significant ownership by institutions suggests a potential impact on individual investors’ decisions.
Key Institutional Shareholders
Prominent firms such as BlackRock (NYSE:), Inc., The Vanguard Group, Inc., and Dimensional Fund Advisors LP lead the institutional ownership with 18%, 7.5%, and 5.1% of MYR Group’s shares, respectively. The CEO of MYR Group, Richard Swartz, also holds a 0.7% stake in the company.
Insider Ownership and Shareholder Structure
Insiders hold a substantial US$39 million stake in MYR Group, indicating confidence in the company’s future. The concentration of over half of the company’s shares among the top 10 shareholders aligns the interests of larger and smaller shareholders, potentially influencing company policies.
Impact of Retail Investors
While retail investors own a smaller portion of the company at 10%, their collective actions still have the potential to influence company policies. This diverse shareholder structure calls for careful consideration and informed decision-making for potential investors.
InvestingPro Insights
InvestingPro offers further analysis and data for MYR Group Inc. (NASDAQ:MYRG), highlighting the company’s high return on invested capital and profitability over the last twelve months. However, the company’s stock has experienced a significant price drop over the last month, raising concerns for potential investors.
Additional data shows a high P/E ratio, relative to near-term earnings growth, and positive revenue growth of 25.55% in the last twelve months as of Q3 2023. Investors are encouraged to consider these factors for informed decision-making.
For comprehensive data and real-time metrics, InvestingPro provides valuable insights for MYR Group Inc. and other companies, catering to the needs of investors.
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