<div id="readability-page-1"><p>MYR Group, Inc. (NASDAQ:MYRG - Get Free Report) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 710,382 shares,  an increase of 18.9% from the February 26th total of 597,660 shares. Based on an average trading volume of 314,081 shares, the days-to-cover ratio is presently 2.3 days. Approximately 4.7% of the company's shares are sold short.</p><h2>MYR Group Trading Up 5.7%</h2><ul><li>Construction activity suddenly booming, 3 stocks you can't miss</li></ul><p>MYRG traded up $15.22 during trading on Tuesday, hitting $282.32. 455,706 shares of the stock were exchanged, compared to its average volume of 286,284. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a 50 day simple moving average of $266.42 and a 200 day simple moving average of $234.10. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of 37.49 and a beta of 1.15. MYR Group has a 1 year low of $97.72 and a 1 year high of $290.87. </p><p>MYR Group (NASDAQ:MYRG - Get Free Report) last issued its earnings results on Wednesday, February 25th. The utilities provider reported $2.33 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.60. The business had revenue of $973.54 million during the quarter, compared to analysts' expectations of $897.73 million. MYR Group had a return on equity of 19.66% and a net margin of 3.24%.The business's revenue for the quarter was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.99 EPS.  As a group, equities analysts expect that  MYR Group will post 1.16 EPS for the current year. </p><h2>Institutional Inflows and Outflows</h2><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in MYRG. Vanguard Group Inc. raised its holdings in shares of  MYR Group by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 1,265,452 shares of the utilities provider's stock valued at $276,501,000 after purchasing an additional 40,164 shares in the last quarter.  Wellington Management Group LLP increased its holdings in  MYR Group by 63.5% during the fourth quarter. Wellington Management Group LLP now owns 1,021,293 shares of the utilities provider's stock valued at $223,153,000 after buying an additional 396,502 shares during the period.  Fisher Asset Management LLC increased its holdings in  MYR Group by 4.7% during the fourth quarter. Fisher Asset Management LLC now owns 471,706 shares of the utilities provider's stock valued at $103,068,000 after buying an additional 21,304 shares during the period.  Geode Capital Management LLC raised its stake in  MYR Group by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 396,166 shares of the utilities provider's stock worth $86,574,000 after buying an additional 13,511 shares in the last quarter.  Finally, Principal Financial Group Inc. raised its stake in  MYR Group by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 389,009 shares of the utilities provider's stock worth $84,998,000 after buying an additional 8,695 shares in the last quarter. 88.90% of the stock is currently owned by institutional investors. </p><h2>Analysts Set New Price Targets</h2><p>A number of research firms have weighed in on MYRG. Weiss Ratings upgraded MYR Group from a &#34;hold (c+)&#34; rating to a &#34;buy (b-)&#34; rating in a research note on Thursday, January 22nd. Wall Street Zen raised shares of MYR Group from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a research note on Sunday, December 21st. Zacks Research upgraded shares of MYR Group from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a report on Tuesday, March 3rd. Cantor Fitzgerald raised their price target on shares of MYR Group from $285.00 to $311.00 and gave the stock an &#34;overweight&#34; rating in a research note on Monday, March 2nd. Finally, Clear Str upgraded shares of MYR Group to a &#34;strong-buy&#34; rating in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, four have assigned  a Buy rating and four have issued  a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average target price of $235.43.</p><p><b>Get Our Latest Stock Report on MYR Group</b></p><h2>About MYR Group</h2> (Get Free Report)<p>MYR Group Inc <span>NASDAQ: MYRG<span></span></span> is a specialty electrical contractor that provides a broad array of construction, maintenance and emergency restoration services to utility, commercial, industrial and renewable energy customers. The company was formed in 1995 through the consolidation of several regional specialty contractors and has since expanded its capabilities to support complex transmission and distribution projects, substation installations, communication and wireless infrastructure, as well as renewable power interconnections.  </p><p>Through a network of operating subsidiaries, MYR Group delivers turnkey solutions that include overhead and underground line construction, substation and switchgear installation, substation maintenance and testing, and storm restoration services.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than MYR Group</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in MYR Group Right Now?</h2><p>Before you consider MYR Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MYR Group wasn't on the list.</p><p>While MYR Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

MYRG

<p>MYR Group, Inc. (NASDAQ:MYRG) experienced an 18.9% increase in short interest in March, totaling 710,382 shares. The days-to-cover ratio is 2.3 days, with 4.7% of shares sold short. The stock rose 5.7% to $282.32, with a market cap of $4.39 billion and a P/E ratio of 37.49. Analysts have upgraded the stock's rating, with a consensus rating of "Moderate Buy" and an average target price of $235.43. Institutional investors hold 88.90% of the stock, indicating strong interest in MYR Group.</p>

Short Interest in MYR Group, Inc. (NASDAQ:MYRG) Grows By 18.9%