Insider Selling: Mistras Group Inc (MG) EVP Sells 4,462 Shares of Stock
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.
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
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