Myr Group Inc. (MYRG) Files Form 4 Insider Selling : William A Koertner Sells 30,000 Shares

Myr Group Inc. (MYRG): William A Koertner , Chairman, President and CEO of Myr Group Inc. sold 30,000 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $28.58 per share for a total value of $857,438.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 22, 2016, Tod M. Cooper (Senior Vice President) sold 9,212 shares at $28.75 per share price.On Sep 14, 2015, William H. Green (Senior VP) sold 32,000 shares at $27.02 per share price.Also, On Mar 30, 2015, William A Koertner (Chairman, President and CEO) sold 19,732 shares at $32.00 per share price.On Mar 16, 2015, Richard S. Jr. Swartz (COO and Senior VP) sold 11,577 shares at $28.19 per share price.

MYR Group Inc: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in MYR Group Inc which led to swings in the share price. The shares opened for trading at $28.49 and hit $29.23 on the upside , eventually ending the session at $29, with a gain of 2.51% or 0.71 points. The heightened volatility saw the trading volume jump to 1,26,936 shares. The 52-week high of the share price is $29.85 and the company has a market cap of $466 M . The 52-week low of the share price is at $17.77.

MYR Group Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.MYR Group Inc is Downgraded by Robert W. Baird to Neutral and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $27 .Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Aug 12, 2016.MYR Group Inc is Reiterated by Maxim Group to Buy and the brokerage firm has raised the Price Target to $ 30 from a previous price target of $28 .The Rating was issued on Aug 5, 2016.

MYR Group Inc. is a holding company which provides specialty electrical construction services through its subsidiaries. The Company performs construction services in two business segments: Transmission and Distribution (T&D) and Commercial and Industrial (C&I). T&D segment provides solutions to customers in the electric utility industry and the renewable energy industry. The Company also provides C&I electrical contracting services to property owners and general contractors in the western United States. The Company’s wholly owned subsidiaries include The L. E. Myers Co. Harlan Electric Company Hawkeye Construction Inc. Great Southwestern Construction Inc. Sturgeon Electric Company Inc. MYR Transmission Services Inc. MYR Group Construction Canada Ltd. MYR Transmission Services Canada Ltd. and Northern Transmission Services Ltd. The Company also provides electrical construction services and limited gas construction services.

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