Ritholtz Wealth Management Has $253,000 Position in Mistras Group Inc (NYSE:MG)

Ritholtz Wealth Management reduced its holdings in shares of Mistras Group Inc (NYSE:MG) by 7.1% in the first quarter, HoldingsChannel.com reports. The fund owned 23,898 shares of the technology company’s stock after selling 1,814 shares during the quarter. Ritholtz Wealth Management’s holdings in Mistras Group were worth $253,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MG. Bank of New York Mellon Corp grew its holdings in Mistras Group by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 63,851 shares of the technology company’s stock worth $578,000 after acquiring an additional 2,033 shares during the period. Inspire Advisors LLC acquired a new stake in Mistras Group during the 4th quarter worth about $417,000. Royce & Associates LP grew its holdings in Mistras Group by 9.4% during the 4th quarter. Royce & Associates LP now owns 1,441,967 shares of the technology company’s stock worth $13,064,000 after acquiring an additional 124,270 shares during the period. American Century Companies Inc. grew its holdings in Mistras Group by 35.6% during the 4th quarter. American Century Companies Inc. now owns 32,374 shares of the technology company’s stock worth $293,000 after acquiring an additional 8,499 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Mistras Group during the 4th quarter worth about $102,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded Mistras Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 17th.

Mistras Group Stock Performance

Shares of MG opened at $7.56 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.50 and a quick ratio of 1.38. The stock has a 50-day moving average of $8.24 and a 200-day moving average of $9.16. The company has a market cap of $236.79 million, a PE ratio of 16.08, a P/E/G ratio of 0.63 and a beta of 1.37. Mistras Group Inc has a one year low of $7.06 and a one year high of $12.44.

Mistras Group (NYSE:MG) last issued its earnings results on Wednesday, May 7th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.16 by ($0.17). The firm had revenue of $161.62 million during the quarter, compared to analyst estimates of $180.70 million. Mistras Group had a net margin of 2.10% and a return on equity of 10.16%. On average, equities research analysts predict that Mistras Group Inc will post 0.71 EPS for the current fiscal year.

About Mistras Group

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.