New York State Common Retirement Fund lowered its position in shares of Mistras Group Inc (NYSE:MG) by 50.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,010 shares of the technology company’s stock after selling 25,054 shares during the quarter. New York State Common Retirement Fund owned 0.09% of Mistras Group worth $549,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MG. Victory Capital Management Inc. boosted its position in Mistras Group by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,829 shares of the technology company’s stock worth $128,000 after acquiring an additional 874 shares during the last quarter. American International Group Inc. boosted its holdings in shares of Mistras Group by 7.0% in the 1st quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock valued at $226,000 after buying an additional 694 shares during the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Mistras Group in the 2nd quarter valued at approximately $260,000. PNC Financial Services Group Inc. boosted its holdings in shares of Mistras Group by 14.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,367 shares of the technology company’s stock valued at $307,000 after buying an additional 1,825 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Mistras Group by 0.4% in the 2nd quarter. Wells Fargo & Company MN now owns 14,422 shares of the technology company’s stock valued at $317,000 after buying an additional 63 shares during the last quarter. 60.89% of the stock is owned by hedge funds and other institutional investors.

Shares of Mistras Group Inc (NYSE:MG) opened at $22.37 on Friday. The company has a market capitalization of $632.87, a P/E ratio of 39.95 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 Inc has a twelve month low of $17.00 and a twelve month high of $26.46.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Monday, November 6th. The technology company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.02). Mistras Group had a net margin of 0.68% and a return on equity of 6.12%. The business had revenue of $179.57 million for the quarter, compared to analyst estimates of $172.28 million. analysts forecast that Mistras Group Inc will post 0.46 earnings per share for the current year.

Several equities research analysts have recently commented on the company. BidaskClub downgraded Mistras Group from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Zacks Investment Research raised Mistras Group from a “sell” rating to a “hold” rating in a report on Saturday. Goldman Sachs Group, Inc. (The) downgraded Mistras Group from a “neutral” rating to a “sell” rating and cut their price objective for the company from $45.00 to $41.00 in a report on Monday, October 16th. Robert W. Baird downgraded Mistras Group from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $21.00 to $22.00 in a report on Monday, October 2nd. Finally, KeyCorp reissued a “hold” rating on shares of Mistras Group in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $36.33.

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In other Mistras Group news, COO Jonathan H. Wolk purchased 2,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The stock was acquired at an average price of $17.41 per share, with a total value of $43,525.00. Following the acquisition, the chief operating officer now directly owns 83,589 shares of the company’s stock, valued at approximately $1,455,284.49. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Michael C. Keefe sold 4,462 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $18.05, for a total value of $80,539.10. Following the sale, the executive vice president now directly owns 47,223 shares of the company’s stock, valued at approximately $852,375.15. The disclosure for this sale can be found here. Company insiders own 44.70% of the company’s stock.

About Mistras Group

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Institutional Ownership by Quarter for Mistras Group (NYSE:MG)

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