Mackenzie Financial Corp Buys 2,936 Shares of Mistras Group, Inc. (NYSE:MG)

Mackenzie Financial Corp lifted its stake in Mistras Group, Inc. (NYSE:MG) by 19.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,798 shares of the technology company’s stock after purchasing an additional 2,936 shares during the quarter. Mackenzie Financial Corp owned 0.06% of Mistras Group worth $130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Foundry Partners LLC increased its holdings in Mistras Group by 25.1% in the 3rd quarter. Foundry Partners LLC now owns 389,491 shares of the technology company’s stock worth $2,123,000 after buying an additional 78,100 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Mistras Group by 19.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 64,216 shares of the technology company’s stock worth $470,000 after buying an additional 10,476 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in shares of Mistras Group by 157.6% in the third quarter. Public Employees Retirement System of Ohio now owns 4,740 shares of the technology company’s stock worth $26,000 after acquiring an additional 2,900 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Mistras Group during the 3rd quarter valued at about $53,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Mistras Group in the 3rd quarter worth approximately $357,000. Institutional investors own 74.92% of the company’s stock.

Mistras Group Stock Performance

NYSE:MG opened at $8.94 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.42 and a current ratio of 1.55. The stock has a 50-day simple moving average of $9.04 and a two-hundred day simple moving average of $7.67. The firm has a market capitalization of $273.92 million, a PE ratio of -15.41 and a beta of 1.65. Mistras Group, Inc. has a 52-week low of $4.96 and a 52-week high of $9.85.

Mistras Group (NYSE:MG) last announced its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter. Mistras Group had a positive return on equity of 3.32% and a negative net margin of 2.48%. The company had revenue of $182.07 million during the quarter.

Insider Transactions at Mistras Group

In other Mistras Group news, EVP Michael J. Lange sold 5,000 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $8.53, for a total value of $42,650.00. Following the completion of the sale, the executive vice president now owns 341,838 shares in the company, valued at approximately $2,915,878.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 12.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet raised shares of Mistras Group from a “d+” rating to a “c-” rating in a report on Tuesday, February 27th.

Mistras Group Profile

Mistras Group, Inc provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets.