Shares of Mistras Group Inc (NYSE:MG) have been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $34.40.

A number of analysts have commented on MG shares. Zacks Investment Research raised Mistras Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BMO Capital Markets reaffirmed a “market perform” rating and set a $47.00 price target on shares of Mistras Group in a research report on Friday, May 12th. BidaskClub cut Mistras Group from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of Mistras Group in a research report on Friday. Finally, Canaccord Genuity lowered their price target on Mistras Group from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, August 10th.

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In other news, Chairman Sotirios J. Vahaviolos sold 94,877 shares of the business’s stock in a transaction dated Tuesday, July 11th. The stock was sold at an average price of $21.08, for a total value of $2,000,007.16. Following the completion of the transaction, the chairman now owns 10,651,632 shares of the company’s stock, valued at approximately $224,536,402.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jonathan H. Wolk acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was bought at an average cost of $17.41 per share, with a total value of $43,525.00. Following the acquisition, the chief operating officer now owns 83,589 shares in the company, valued at $1,455,284.49. The disclosure for this purchase can be found here. In the last three months, insiders sold 284,035 shares of company stock valued at $6,003,452. Insiders own 44.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Engine Capital Management LLC boosted its position in shares of Mistras Group by 5,323.9% in the first quarter. Engine Capital Management LLC now owns 314,805 shares of the technology company’s stock valued at $6,731,000 after buying an additional 309,001 shares during the period. Victory Capital Management Inc. boosted its position 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 valued at $106,000 after buying an additional 1,981 shares during the period. Bernzott Capital Advisors boosted its position in shares of Mistras Group by 5.1% in the second quarter. Bernzott Capital Advisors now owns 635,161 shares of the technology company’s stock valued at $13,954,000 after buying an additional 30,985 shares during the period. American International Group Inc. boosted its position 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 valued at $226,000 after buying an additional 694 shares during the period. Finally, Broad Run Investment Management LLC boosted its position in shares of 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 valued at $33,144,000 after buying an additional 97,886 shares during the period. 60.60% of the stock is owned by institutional investors and hedge funds.

Shares of Mistras Group (NYSE:MG) traded up 1.26% during trading on Tuesday, hitting $18.44. The company had a trading volume of 52,658 shares. Mistras Group has a 1-year low of $17.00 and a 1-year high of $26.46. The company’s 50 day moving average is $20.08 and its 200 day moving average is $21.32. The firm has a market capitalization of $520.93 million, a P/E ratio of 39.23 and a beta of 1.15.

Mistras Group (NYSE:MG) last issued its quarterly earnings results on Tuesday, August 8th. The technology company reported $0.09 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 firm had revenue of $170.44 million for the quarter, compared to analyst estimates of $170.16 million. Analysts anticipate that Mistras Group will post $0.50 earnings per share for the current fiscal year.

About Mistras Group

Analyst Recommendations for Mistras Group (NYSE:MG)

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