Mistras Group Inc (NYSE:MG) has been given a consensus rating of “Hold” by the eight brokerages that are currently covering the stock. Five research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $39.86.

MG has been the topic of several recent research reports. Scotiabank restated an “outperform” rating and set a $65.00 price target on shares of Mistras Group in a report on Monday, February 27th. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating in a report on Thursday, March 16th. Bank of America Corp downgraded Mistras Group from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Friday, March 17th. Finally, BMO Capital Markets restated a “market perform” rating and set a $47.00 price target on shares of Mistras Group in a report on Friday, May 12th.

Mistras Group (NYSE:MG) traded up 0.14% during mid-day trading on Friday, reaching $21.38. The company’s stock had a trading volume of 109,521 shares. The stock has a market cap of $609.07 million, a price-to-earnings ratio of 42.85 and a beta of 1.20. Mistras Group has a 12-month low of $19.49 and a 12-month high of $26.46. The firm’s 50 day moving average price is $21.62 and its 200 day moving average price is $22.69.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $163.32 million for the quarter, compared to the consensus estimate of $160.09 million. Mistras Group had a return on equity of 8.75% and a net margin of 3.00%. On average, equities analysts predict that Mistras Group will post $0.71 earnings per share for the current year.

In related news, insider Dennis Bertolotti sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $22.52, for a total value of $112,600.00. Following the completion of the sale, the insider now directly owns 126,477 shares of the company’s stock, valued at approximately $2,848,262.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman Sotirios J. Vahaviolos sold 89,166 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $22.43, for a total value of $1,999,993.38. Following the completion of the sale, the chairman now directly owns 11,029,422 shares of the company’s stock, valued at $247,389,935.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 196,777 shares of company stock valued at $4,282,110. Insiders own 45.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP boosted its stake in Mistras Group by 0.7% in the first quarter. Wellington Management Group LLP now owns 2,681,494 shares of the technology company’s stock worth $57,331,000 after buying an additional 18,600 shares during the last quarter. Broad Run Investment Management LLC boosted its stake in Mistras Group by 6.7% in the first quarter. Broad Run Investment Management LLC now owns 1,550,246 shares of the technology company’s stock worth $33,144,000 after buying an additional 97,886 shares during the last quarter. Vanguard Group Inc. boosted its stake in Mistras Group by 6.7% in the first quarter. Vanguard Group Inc. now owns 1,352,110 shares of the technology company’s stock worth $28,908,000 after buying an additional 85,240 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mistras Group by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,041,824 shares of the technology company’s stock worth $22,273,000 after buying an additional 16,755 shares during the last quarter. Finally, Rockefeller Financial Services Inc. boosted its stake in Mistras Group by 23.3% in the first quarter. Rockefeller Financial Services Inc. now owns 781,248 shares of the technology company’s stock worth $16,703,000 after buying an additional 147,429 shares during the last quarter. 57.87% of the stock is owned by hedge funds and other institutional investors.

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