Macquarie Group Ltd. bought a new position in shares of Mistras Group Inc (NYSE:MG) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,219 shares of the technology company’s stock, valued at approximately $265,000.
A number of other large investors have also modified their holdings of MG. Schwab Charles Investment Management Inc. raised its position in Mistras Group by 3.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,007 shares of the technology company’s stock valued at $1,587,000 after purchasing an additional 2,562 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Mistras Group during the second quarter valued at about $547,000. BlackRock Inc. grew its stake in shares of Mistras Group by 6.5% during the second quarter. BlackRock Inc. now owns 1,134,033 shares of the technology company’s stock valued at $21,410,000 after acquiring an additional 69,293 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Mistras Group by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,298,205 shares of the technology company’s stock valued at $24,510,000 after acquiring an additional 53,414 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Mistras Group by 81.9% during the second quarter. Renaissance Technologies LLC now owns 286,100 shares of the technology company’s stock valued at $5,402,000 after acquiring an additional 128,800 shares in the last quarter. Hedge funds and other institutional investors own 58.58% of the company’s stock.
NYSE:MG opened at $15.65 on Monday. The stock has a market capitalization of $443.56 million, a P/E ratio of 36.40, a PEG ratio of 0.73 and a beta of 1.31. Mistras Group Inc has a one year low of $13.66 and a one year high of $23.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.09 and a quick ratio of 1.98.
Mistras Group (NYSE:MG) last posted its quarterly earnings results on Monday, November 5th. The technology company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.11). The firm had revenue of $182.17 million during the quarter, compared to analyst estimates of $181.50 million. Mistras Group had a return on equity of 6.42% and a net margin of 1.17%. On average, analysts predict that Mistras Group Inc will post 0.63 EPS for the current year.
In other news, Director Manuel N. Stamatakis purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 18th. The stock was acquired at an average cost of $14.28 per share, for a total transaction of $214,200.00. Following the completion of the purchase, the director now owns 77,392 shares of the company’s stock, valued at $1,105,157.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Manuel N. Stamatakis bought 25,000 shares of the firm’s stock in a transaction on Thursday, December 20th. The stock was bought at an average price of $14.50 per share, with a total value of $362,500.00. Following the completion of the purchase, the director now owns 77,392 shares of the company’s stock, valued at $1,122,184. The disclosure for this purchase can be found here. 43.50% of the stock is currently owned by company insiders.
Several brokerages have recently weighed in on MG. ValuEngine downgraded Mistras Group from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. BMO Capital Markets restated a “buy” rating on shares of Mistras Group in a research note on Friday, November 9th. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Wednesday, October 10th. Finally, Canaccord Genuity began coverage on Mistras Group in a research note on Wednesday, November 7th. They set a “hold” rating and a $20.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $22.33.
Mistras Group Profile
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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