Empowered Funds LLC Takes $3.94 Million Position in Mistras Group Inc $MG

Empowered Funds LLC acquired a new position in Mistras Group Inc (NYSE:MG) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 225,494 shares of the technology company’s stock, valued at approximately $3,939,000.

Several other hedge funds have also recently bought and sold shares of MG. Weber Capital Management LLC ADV acquired a new stake in shares of Mistras Group in the second quarter valued at approximately $25,299,250. BlackRock Inc. acquired a new position in shares of Mistras Group during the second quarter worth approximately $20,373,000. IES Holdings Inc. bought a new position in Mistras Group in the 4th quarter worth approximately $13,660,000. Deutsche Bank AG bought a new position in Mistras Group in the 2nd quarter worth approximately $6,804,000. Finally, JB Capital Partners LP bought a new position in Mistras Group in the 2nd quarter worth approximately $3,533,185. 74.92% of the stock is currently owned by institutional investors.

Mistras Group Trading Up 1.5%

Shares of NYSE:MG opened at $18.76 on Tuesday. The company has a 50 day moving average of $17.07 and a 200-day moving average of $16.71. The firm has a market cap of $597.51 million, a P/E ratio of 22.60, a P/E/G ratio of 1.11 and a beta of 0.89. Mistras Group Inc has a twelve month low of $9.35 and a twelve month high of $20.20. The company has a current ratio of 1.71, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The business had revenue of $193.13 million for the quarter, compared to analyst estimates of $189.66 million. Mistras Group had a net margin of 3.65% and a return on equity of 14.66%. As a group, analysts anticipate that Mistras Group Inc will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MG has been the topic of several recent analyst reports. Wall Street Zen downgraded Mistras Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 15th. Weiss Ratings raised Mistras Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 25th. Finally, Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Mistras Group Profile

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.