Mistras Group Inc (NYSE:MG) EVP Michael C. Keefe sold 4,462 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $18.05, for a total value of $80,539.10. Following the sale, the executive vice president now owns 47,223 shares in the company, valued at approximately $852,375.15. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Mistras Group Inc (MG) traded down 0.99% on Wednesday, hitting $18.06. The stock had a trading volume of 100,414 shares. The firm has a market cap of $510.19 million, a PE ratio of 38.43 and a beta of 1.15. The company’s 50 day moving average is $20.91 and its 200 day moving average is $21.58. Mistras Group Inc has a 12-month low of $17.66 and a 12-month high of $26.46.

Mistras Group (NYSE:MG) last announced its earnings results on Tuesday, August 8th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.07. Mistras Group had a return on equity of 7.04% and a net margin of 2.69%. The business had revenue of $170.44 million for the quarter, compared to analysts’ expectations of $170.16 million. On average, equities research analysts expect that Mistras Group Inc will post $0.50 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in the company. Citigroup Inc. raised its stake in shares of Mistras Group by 964.9% in the second quarter. Citigroup Inc. now owns 4,728 shares of the technology company’s stock worth $104,000 after buying an additional 4,284 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Mistras Group by 66.6% in the first quarter. Victory Capital Management Inc. now owns 4,955 shares of the technology company’s stock worth $106,000 after buying an additional 1,981 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Mistras Group during the second quarter worth about $199,000. California Public Employees Retirement System acquired a new stake in shares of Mistras Group during the second quarter worth about $204,000. Finally, American International Group Inc. raised its stake in shares of Mistras Group by 7.0% in the first quarter. American International Group Inc. now owns 10,557 shares of the technology company’s stock worth $226,000 after buying an additional 694 shares during the last quarter. 57.16% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on MG shares. Zacks Investment Research downgraded Mistras Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 23rd. 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. Canaccord Genuity cut their price target on Mistras Group from $22.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, August 10th. Finally, Robert W. Baird dropped their price objective on Mistras Group from $24.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Mistras Group presently has a consensus rating of “Hold” and an average price target of $34.40.

Mistras Group Company Profile

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

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