Ritholtz Wealth Management Sells 8,710 Shares of Mistras Group Inc $MG

Ritholtz Wealth Management lessened its position in Mistras Group Inc (NYSE:MG) by 36.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,188 shares of the technology company’s stock after selling 8,710 shares during the period. Ritholtz Wealth Management’s holdings in Mistras Group were worth $122,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MG. Acuitas Investments LLC grew its holdings in Mistras Group by 45.1% in the 1st quarter. Acuitas Investments LLC now owns 424,062 shares of the technology company’s stock worth $4,487,000 after acquiring an additional 131,798 shares during the last quarter. CWM LLC grew its holdings in Mistras Group by 194.3% in the 1st quarter. CWM LLC now owns 4,553 shares of the technology company’s stock worth $48,000 after acquiring an additional 3,006 shares during the last quarter. Deutsche Bank AG grew its holdings in Mistras Group by 4.5% in the 1st quarter. Deutsche Bank AG now owns 167,988 shares of the technology company’s stock worth $1,777,000 after acquiring an additional 7,233 shares during the last quarter. Invesco Ltd. grew its holdings in Mistras Group by 521.1% in the 1st quarter. Invesco Ltd. now owns 289,838 shares of the technology company’s stock worth $3,066,000 after acquiring an additional 243,175 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Mistras Group in the 1st quarter worth $836,000. Institutional investors own 74.92% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Mistras Group from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mistras Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Mistras Group Trading Up 0.8%

Shares of NYSE MG opened at $9.73 on Thursday. Mistras Group Inc has a 1 year low of $7.06 and a 1 year high of $11.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.54. The firm has a 50-day moving average of $9.60 and a 200 day moving average of $8.73. The stock has a market cap of $306.92 million, a P/E ratio of 26.30, a price-to-earnings-growth ratio of 0.90 and a beta of 1.27.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $185.41 million for the quarter, compared to analysts’ expectations of $186.43 million. Mistras Group had a net margin of 1.64% and a return on equity of 9.37%. As a group, sell-side analysts expect that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mistras Group news, EVP Eileen Mary Coggins acquired 15,000 shares of the business’s stock in a transaction on Monday, September 15th. The shares were acquired at an average price of $9.55 per share, for a total transaction of $143,250.00. Following the completion of the acquisition, the executive vice president owned 15,000 shares in the company, valued at $143,250. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.80% of the company’s stock.

About Mistras Group

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.