Mistras Group Inc $MG Stock: Royce & Associates LP Reduces Position

Royce & Associates LP trimmed its position in shares of Mistras Group Inc (NYSE:MG) by 7.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,464,934 shares of the technology company’s stock after selling 115,794 shares during the period. Royce & Associates LP’s holdings in Mistras Group were worth $30,852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Weber Capital Management LLC ADV purchased a new position in shares of Mistras Group during the 2nd quarter valued at $25,299,250. BlackRock Inc. purchased a new stake in Mistras Group in the 2nd quarter worth about $20,373,000. Deutsche Bank AG purchased a new stake in Mistras Group in the 2nd quarter worth about $6,804,000. Empowered Funds LLC purchased a new stake in Mistras Group in the 2nd quarter worth about $3,939,000. Finally, JB Capital Partners LP bought a new stake in Mistras Group in the 2nd quarter valued at about $3,533,185. 74.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on MG. Wall Street Zen downgraded shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, October 13th. Finally, Roth Capital downgraded shares of Mistras Group from a “buy” rating to a “neutral” rating and set a $20.35 target price for the company. in a research note on Tuesday, November 3rd. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.18.

Mistras Group Stock Performance

MG stock traded up $0.02 during midday trading on Friday, reaching $20.21. 156,759 shares of the company’s stock traded hands, compared to its average volume of 381,653. The company has a 50-day moving average price of $20.55 and a two-hundred day moving average price of $17.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.61 and a current ratio of 1.74. Mistras Group Inc has a 52 week low of $11.13 and a 52 week high of $21.92. The firm has a market capitalization of $644.00 million, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.21 and a beta of 0.96.

Mistras Group (NYSE:MG) last posted its earnings results on Monday, November 2nd. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). Mistras Group had a return on equity of 13.01% and a net margin of 2.78%. The company had revenue of $204.62 million for the quarter, compared to analysts’ expectations of $202.41 million. As a group, equities analysts anticipate that Mistras Group Inc will post 1.04 EPS for the current year.

Mistras Group Profile

Mistras Group provides asset protection and integrity services to companies that operate industrial facilities and infrastructure. Its work includes nondestructive testing and inspection, engineering and consulting, and monitoring systems designed to help customers assess asset condition, identify potential problems and support safe, reliable operations. The company serves industries including energy, aerospace, manufacturing and infrastructure. Its services and technologies are used to inspect and monitor assets such as pipelines, power-generation facilities, aircraft and bridges.