Tontine Partners Discloses Stake in MYR Group

| About: MYR Group, (MYRG)

In a 13G filed with the SEC last week, hedge fund Tontine Partners has disclosed its 6.16% stake in MYR Group (NASDAQ:MYRG). This is a new position for it, since; no stake in the company was shown in its most recent 13F filing (as of June 30). Jeffrey Gendell's Tontine Partners were -59.30% in September and are now -66.7% for the year. You can check out more hedge fund performance numbers that we've accumulated here, and view the detailed list of Tontine Partners' portfolio holdings here.

Taken from Google Finance:

MYR Group is a specialty contractor serving the electrical infrastructure market in the United States. The Company is a national contractor, servicing the transmission and distribution (T&D) sector of the United States electric utility industry. It also provides commercial and industrial electrical contracting services in the western United States. Its T&D customers include more than 125 electric utilities, cooperatives and municipalities nationwide. Its range of services includes design, engineering, procurement, construction, upgrade, maintenance and repair services with a particular focus on construction, maintenance and repair throughout the continental United States.