PEAK6 Investments L.P. increased its stake in Mistras Group Inc (NYSE:MG) by 66.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,222 shares of the technology company’s stock after buying an additional 15,322 shares during the quarter. PEAK6 Investments L.P. owned about 0.14% of Mistras Group worth $897,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. California Public Employees Retirement System bought a new stake in shares of Mistras Group during the second quarter worth $204,000. Jefferies Group LLC bought a new stake in shares of Mistras Group during the fourth quarter worth $204,000. Alliancebernstein L.P. bought a new stake in shares of Mistras Group during the fourth quarter worth $212,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Mistras Group during the third quarter worth $251,000. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Mistras Group by 55.2% during the third quarter. Cubist Systematic Strategies LLC now owns 14,077 shares of the technology company’s stock worth $289,000 after purchasing an additional 5,005 shares during the last quarter. Institutional investors own 62.68% of the company’s stock.
Shares of Mistras Group stock traded down $0.13 during trading on Thursday, hitting $19.23. The stock had a trading volume of 60,940 shares, compared to its average volume of 62,505. The stock has a market capitalization of $549.12, a price-to-earnings ratio of 43.13 and a beta of 1.21. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.05 and a current ratio of 2.16. Mistras Group Inc has a 1 year low of $17.00 and a 1 year high of $23.83.
Several research firms have recently weighed in on MG. Zacks Investment Research upgraded Mistras Group from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Wednesday, January 3rd. Stephens set a $24.00 target price on Mistras Group and gave the stock a “hold” rating in a research report on Thursday, January 18th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $22.00 target price on shares of Mistras Group in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $30.17.
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Mistras Group Profile
Mistras Group, Inc offers asset protection solutions and is a provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The Company’s segments are Services segment, which provides asset protection solutions in North America with concentration on the United States along with a Canadian services business, consisting of non-destructive testing, and inspection and engineering services that are used to evaluate structural integrity and reliability of critical energy, industrial and public infrastructure; International segment, which offers services, products and systems similar to those of its Services and Products and Systems segments to markets in Europe, the Middle East, Africa, Asia and South America, and Products and Systems segment, which designs, manufactures, sells, installs and services asset protection products and systems, including equipment and instrumentation.
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