Vanguard Group Inc. raised its holdings in shares of Mistras Group Inc (NYSE:MG) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,386,429 shares of the technology company’s stock after acquiring an additional 34,319 shares during the period. Vanguard Group Inc. owned about 4.87% of Mistras Group worth $30,460,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. grew its position in Mistras Group by 964.9% during the second quarter. Citigroup Inc. now owns 4,728 shares of the technology company’s stock valued at $104,000 after acquiring an additional 4,284 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Mistras Group by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,829 shares of the technology company’s stock valued at $128,000 after purchasing an additional 874 shares during the period. American International Group Inc. boosted its stake in shares of Mistras Group by 7.0% during the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock valued at $226,000 after purchasing an additional 694 shares during the period. Alliancebernstein L.P. purchased a new stake in shares of Mistras Group during the second quarter valued at approximately $260,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Mistras Group by 14.6% during the first quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock valued at $307,000 after purchasing an additional 1,825 shares during the period. Institutional investors and hedge funds own 60.89% of the company’s stock.
Shares of Mistras Group Inc (NYSE MG) opened at $22.37 on Friday. Mistras Group Inc has a 52 week low of $17.00 and a 52 week high of $26.46. The company has a market capitalization of $630.03, a price-to-earnings ratio of 39.77 and a beta of 1.16. The company has a quick ratio of 2.20, a current ratio of 2.34 and a debt-to-equity ratio of 0.40.
Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.02). Mistras Group had a return on equity of 6.12% and a net margin of 0.68%. The business had revenue of $179.57 million during the quarter, compared to analysts’ expectations of $172.28 million. analysts expect that Mistras Group Inc will post 0.45 EPS for the current fiscal year.
MG has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) lowered Mistras Group from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $45.00 to $41.00 in a research note on Monday, October 16th. BidaskClub lowered Mistras Group from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. KeyCorp reissued a “hold” rating on shares of Mistras Group in a research note on Friday, August 25th. Zacks Investment Research lowered Mistras Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Canaccord Genuity increased their price objective on Mistras Group from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Mistras Group presently has a consensus rating of “Hold” and an average target price of $36.33.
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In related news, EVP Michael C. Keefe sold 4,462 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total value of $80,539.10. Following the completion of the sale, the executive vice president now owns 47,223 shares of the company’s stock, valued at $852,375.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jonathan H. Wolk purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was acquired at an average cost of $17.41 per share, with a total value of $43,525.00. Following the purchase, the chief operating officer now directly owns 83,589 shares of the company’s stock, valued at $1,455,284.49. The disclosure for this purchase can be found here. Company insiders own 44.70% of the company’s stock.
Mistras Group Company Profile
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