Evernest Financial Advisors LLC Reduces Stock Holdings in M-tron Industries, Inc. (NYSEAMERICAN:MPTI)

Evernest Financial Advisors LLC decreased its position in M-tron Industries, Inc. (NYSEAMERICAN:MPTI) by 28.2% in the 4th quarter, Holdings Channel reports. The fund owned 14,900 shares of the company’s stock after selling 5,850 shares during the period. Evernest Financial Advisors LLC’s holdings in M-tron Industries were worth $722,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MPTI. Truvestments Capital LLC boosted its stake in shares of M-tron Industries by 14.0% in the third quarter. Truvestments Capital LLC now owns 8,057 shares of the company’s stock valued at $336,000 after purchasing an additional 988 shares during the period. Barclays PLC purchased a new position in M-tron Industries in the third quarter valued at about $114,000. Geode Capital Management LLC grew its stake in M-tron Industries by 18.6% during the 3rd quarter. Geode Capital Management LLC now owns 23,706 shares of the company’s stock valued at $989,000 after purchasing an additional 3,718 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in M-tron Industries during the 4th quarter worth approximately $239,000. Hedge funds and other institutional investors own 23.31% of the company’s stock.

M-tron Industries Stock Performance

MPTI opened at $58.06 on Friday. The firm has a market capitalization of $166.63 million, a P/E ratio of 28.76, a P/E/G ratio of 0.86 and a beta of 1.17. M-tron Industries, Inc. has a 12-month low of $23.00 and a 12-month high of $71.10.

M-tron Industries Company Profile

M-tron Industries, Inc engages in the design, manufacture, and marketing of frequency and spectrum control products in the United States and internationally. The company's products include radio frequency, microwave, and millimeter wave filters; cavity, crystal, ceramic, lumped element, and switched filters; high frequency and performance OCXOs, integrated PLL OCXOs, TCXOs, VCXOs, and low jitter and harsh environment oscillators; crystal resonators, integrated microwave assemblies; and solid-state power amplifier products.