Weber Capital Management LLC ADV decreased its position in Mistras Group Inc (NYSE:MG – Free Report) by 6.1% in the 3rd quarter, Holdings Channel reports. The fund owned 1,360,146 shares of the technology company’s stock after selling 88,008 shares during the period. Mistras Group accounts for 26.1% of Weber Capital Management LLC ADV’s holdings, making the stock its biggest holding. Weber Capital Management LLC ADV’s holdings in Mistras Group were worth $28,645,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Mistras Group during the 2nd quarter valued at approximately $20,373,000. Deutsche Bank AG bought a new position in shares of Mistras Group during the second quarter worth about $6,804,000. Empowered Funds LLC bought a new position in shares of Mistras Group during the second quarter worth about $3,939,000. JB Capital Partners LP bought a new stake in Mistras Group in the second quarter valued at about $3,533,185. Finally, Sei Investments Co. raised its stake in Mistras Group by 249.4% during the first quarter. Sei Investments Co. now owns 204,840 shares of the technology company’s stock valued at $3,028,000 after buying an additional 146,222 shares in the last quarter. Hedge funds and other institutional investors own 74.92% of the company’s stock.
Mistras Group Stock Performance
Shares of Mistras Group stock traded up $0.04 during trading on Monday, hitting $21.50. 117,991 shares of the stock were exchanged, compared to its average volume of 226,659. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 1.71. Mistras Group Inc has a 12 month low of $9.45 and a 12 month high of $21.92. The stock’s fifty day moving average is $19.76 and its 200 day moving average is $18.07. The stock has a market cap of $684.62 million, a PE ratio of 25.90, a P/E/G ratio of 1.29 and a beta of 0.90.
Mistras Group (NYSE:MG – Get Free Report) last posted its earnings results on Monday, August 10th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.04. The firm had revenue of $193.13 million during 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, sell-side analysts anticipate that Mistras Group Inc will post 1.04 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on MG shares. Weiss Ratings raised Mistras Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, October 13th. Wall Street Zen downgraded shares of Mistras Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Mistras Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.
Check Out Our Latest Stock Report on MG
Mistras Group Profile
MISTRAS Group, Inc (NYSE: MG) is an asset protection and industrial inspection company that helps organizations monitor the safety, reliability and integrity of critical infrastructure. Its services support industries including oil and gas, power generation, aerospace and defense, chemicals, transportation, infrastructure and manufacturing.
The company provides nondestructive testing (NDT), inspection, engineering, mechanical integrity and asset monitoring services. Its capabilities include acoustic emission testing, ultrasonic testing, radiography, visual inspection, rope access, corrosion assessment and structural health monitoring.
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