Mistras Group Inc (NYSE:MG) Chairman Sotirios J. Vahaviolos sold 90,490 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $21.25, for a total value of $1,922,912.50. Following the sale, the chairman now owns 10,561,142 shares in the company, valued at approximately $224,424,267.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of Mistras Group Inc (NYSE MG) traded up 3.46% during trading on Tuesday, hitting $20.93. The stock had a trading volume of 127,864 shares. Mistras Group Inc has a 12-month low of $19.49 and a 12-month high of $26.46. The stock’s 50-day moving average is $21.49 and its 200-day moving average is $21.83. The stock has a market cap of $596.25 million, a price-to-earnings ratio of 41.94 and a beta of 1.15.

Mistras Group (NYSE:MG) last announced 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. Mistras Group had a net margin of 2.71% and a return on equity of 8.50%. The company had revenue of $163.32 million during the quarter, compared to analysts’ expectations of $160.09 million. On average, equities research analysts expect that Mistras Group Inc will post $0.67 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System bought a new stake in shares of Mistras Group during the fourth quarter valued at about $269,000. State Street Corp boosted its stake in shares of Mistras Group by 1.2% in the fourth quarter. State Street Corp now owns 326,477 shares of the technology company’s stock valued at $8,385,000 after buying an additional 3,814 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Mistras Group by 1.9% in the fourth quarter. Teachers Advisors LLC now owns 41,818 shares of the technology company’s stock valued at $1,074,000 after buying an additional 785 shares in the last quarter. Fenimore Asset Management Inc. boosted its stake in shares of Mistras Group by 0.3% in the first quarter. Fenimore Asset Management Inc. now owns 348,025 shares of the technology company’s stock valued at $7,441,000 after buying an additional 900 shares in the last quarter. Finally, Capital Impact Advisors LLC boosted its stake in shares of Mistras Group by 102.5% in the first quarter. Capital Impact Advisors LLC now owns 78,738 shares of the technology company’s stock valued at $1,683,000 after buying an additional 39,850 shares in the last quarter. 57.10% of the stock is owned by institutional investors.

Several analysts have weighed in on the company. Zacks Investment Research upgraded Mistras Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets reiterated a “market perform” rating and set a $47.00 price target on shares of Mistras Group in a research note on Friday, May 12th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $38.83.

About Mistras Group

Insider Buying and Selling by Quarter for Mistras Group (NYSE:MG)

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