Mistras Group Inc $MG Holdings Lifted by Acuitas Investments LLC

Acuitas Investments LLC boosted its position in Mistras Group Inc (NYSE:MG) by 51.7% in the third quarter, HoldingsChannel reports. The firm owned 643,483 shares of the technology company’s stock after buying an additional 219,421 shares during the quarter. Mistras Group accounts for about 4.1% of Acuitas Investments LLC’s holdings, making the stock its 3rd largest holding. Acuitas Investments LLC’s holdings in Mistras Group were worth $6,332,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets boosted its stake in shares of Mistras Group by 22.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,417 shares of the technology company’s stock worth $73,000 after buying an additional 1,360 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Mistras Group by 18.2% during the second quarter. Raymond James Financial Inc. now owns 14,173 shares of the technology company’s stock valued at $114,000 after acquiring an additional 2,183 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in Mistras Group during the third quarter worth $33,000. Heron Bay Capital Management boosted its position in Mistras Group by 44.0% in the third quarter. Heron Bay Capital Management now owns 15,073 shares of the technology company’s stock worth $148,000 after purchasing an additional 4,604 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in Mistras Group by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 167,948 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 6,275 shares during the last quarter. Institutional investors own 74.92% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on MG shares. Weiss Ratings restated a “hold (c)” rating on shares of Mistras Group in a research note on Thursday, January 22nd. Zacks Research raised shares of Mistras Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Finally, UBS Group set a $16.00 price objective on shares of Mistras Group in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Mistras Group has a consensus rating of “Buy” and an average price target of $16.00.

Mistras Group Trading Up 0.4%

Shares of NYSE:MG opened at $14.67 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.74 and a quick ratio of 1.63. Mistras Group Inc has a 1 year low of $7.06 and a 1 year high of $15.84. The company has a market cap of $463.48 million, a P/E ratio of 27.67, a PEG ratio of 0.87 and a beta of 0.86. The stock’s fifty day moving average price is $14.47 and its 200-day moving average price is $12.22.

Mistras Group (NYSE:MG) last released its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.20 by $0.05. Mistras Group had a return on equity of 12.77% and a net margin of 2.33%.The company had revenue of $181.46 million during the quarter, compared to the consensus estimate of $176.27 million. Sell-side analysts expect that Mistras Group Inc will post 0.71 earnings per share for the current year.

About Mistras Group

Mistras Group, Inc is a global provider of technology-enabled asset protection solutions and services, with a primary focus on nondestructive testing (NDT), inspection, and monitoring of critical infrastructure and industrial assets. The company’s offerings span a wide range of techniques—such as ultrasonic testing, eddy current detection, magnetic particle inspection, radiography and acoustic emission—to help clients in energy, petrochemical, aerospace, manufacturing and other sectors identify and address potential failures before they occur.

In addition to traditional NDT services, Mistras delivers engineered materials solutions, including composite repairs and specialty coatings, along with predictive maintenance and condition monitoring programs.