Laurion Capital Management LP purchased a new stake in Mistras Group Inc (NYSE:MG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 138,481 shares of the technology company’s stock, valued at approximately $3,001,000. Laurion Capital Management LP owned 0.49% of Mistras Group as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC lifted its holdings in Mistras Group by 33.8% in the 3rd quarter. Renaissance Technologies LLC now owns 382,700 shares of the technology company’s stock worth $8,293,000 after purchasing an additional 96,600 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in Mistras Group by 52.8% in the 3rd quarter. GSA Capital Partners LLP now owns 44,253 shares of the technology company’s stock worth $959,000 after purchasing an additional 15,283 shares during the last quarter. Bridgeway Capital Management Inc. acquired a new stake in Mistras Group in the 3rd quarter worth approximately $360,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Mistras Group in the 3rd quarter worth approximately $342,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Mistras Group by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,319,091 shares of the technology company’s stock worth $28,584,000 after purchasing an additional 20,886 shares during the last quarter. Hedge funds and other institutional investors own 58.58% of the company’s stock.
Shares of NYSE MG opened at $16.13 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.98 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $451.55 million, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 1.00 and a beta of 1.25. Mistras Group Inc has a 12 month low of $15.59 and a 12 month high of $23.83.
Mistras Group (NYSE:MG) last issued its quarterly earnings results on Monday, November 5th. The technology company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.11). The business had revenue of $182.17 million during the quarter, compared to the consensus estimate of $181.50 million. Mistras Group had a return on equity of 6.42% and a net margin of 1.17%. On average, research analysts forecast that Mistras Group Inc will post 0.63 earnings per share for the current fiscal year.
Several research firms recently weighed in on MG. ValuEngine lowered Mistras Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 11th. Zacks Investment Research lowered Mistras Group from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Canaccord Genuity began coverage on Mistras Group in a report on Wednesday, November 7th. They issued a “hold” rating and a $20.00 target price for the company. Finally, BMO Capital Markets restated a “buy” rating on shares of Mistras Group in a report on Friday, November 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.33.
Mistras Group Profile
Mistras Group, Inc provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers traditional non-destructive testing, and inspection and engineering services; and designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems used for monitoring and testing materials, pressure components, processes, and structures.
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