Sei Investments Co. Has $3.03 Million Stock Holdings in Mistras Group Inc $MG

Sei Investments Co. increased its stake in Mistras Group Inc (NYSE:MG) by 249.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,840 shares of the technology company’s stock after acquiring an additional 146,222 shares during the quarter. Sei Investments Co. owned about 0.64% of Mistras Group worth $3,028,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Torren Management LLC bought a new position in Mistras Group during the 4th quarter worth approximately $28,000. BNP Paribas Financial Markets boosted its stake in shares of Mistras Group by 22.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,360 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Mistras Group during the fourth quarter worth $74,000. MetLife Investment Management LLC increased its position in shares of Mistras Group by 17.8% during the fourth quarter. MetLife Investment Management LLC now owns 7,035 shares of the technology company’s stock worth $89,000 after buying an additional 1,065 shares during the period. Finally, Raymond James Financial Inc. raised its stake in Mistras Group by 18.2% during the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock worth $114,000 after buying an additional 2,183 shares during the last quarter. 74.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on MG shares. Roth Capital started coverage on shares of Mistras Group in a research report on Thursday, April 30th. They set a “buy” rating and a $22.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Mistras Group in a research report on Friday, July 17th. Wall Street Zen upgraded Mistras Group from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Zacks Research cut Mistras Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Mistras Group presently has an average rating of “Hold” and a consensus target price of $19.00.

Mistras Group Stock Performance

Shares of Mistras Group stock opened at $16.11 on Friday. The business has a 50-day simple moving average of $16.99 and a 200 day simple moving average of $16.23. Mistras Group Inc has a one year low of $8.61 and a one year high of $19.64. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.81 and a quick ratio of 1.67. The firm has a market capitalization of $512.65 million, a price-to-earnings ratio of 23.02, a PEG ratio of 0.93 and a beta of 0.89.

Mistras Group (NYSE:MG) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $169.03 million for the quarter, compared to analyst estimates of $164.25 million. Mistras Group had a return on equity of 13.60% and a net margin of 3.06%. On average, research analysts anticipate that Mistras Group Inc will post 1.05 earnings per share for the current fiscal year.

Mistras Group Company 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.