Mistras Group (MG) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Mistras Group (NYSE:MG) from a sell rating to a hold rating in a report released on Wednesday morning, ValuEngine reports.

A number of other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Mistras Group from a c- rating to a d+ rating in a research report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of Mistras Group from a hold rating to a sell rating in a research report on Wednesday, March 20th. Finally, Canaccord Genuity cut their target price on shares of Mistras Group from $20.00 to $16.50 and set a hold rating for the company in a research report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Mistras Group presently has an average rating of Hold and a consensus target price of $19.75.

Mistras Group stock opened at $13.75 on Wednesday. Mistras Group has a 52 week low of $12.38 and a 52 week high of $23.60. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.84 and a quick ratio of 1.71. The company has a market capitalization of $393.88 million, a P/E ratio of 35.26, a PEG ratio of 1.27 and a beta of 1.39.

Mistras Group (NYSE:MG) last posted its quarterly earnings data on Monday, May 6th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Mistras Group had a positive return on equity of 4.11% and a negative net margin of 0.19%. The firm had revenue of $176.79 million during the quarter, compared to analyst estimates of $183.90 million. Equities analysts forecast that Mistras Group will post 0.66 EPS for the current year.

In other Mistras Group news, Director Manuel N. Stamatakis purchased 5,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of $13.25 per share, for a total transaction of $66,250.00. Following the acquisition, the director now owns 110,286 shares of the company’s stock, valued at $1,461,289.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nicholas Debenedictis purchased 7,000 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average price of $13.90 per share, for a total transaction of $97,300.00. Following the acquisition, the director now directly owns 25,695 shares in the company, valued at approximately $357,160.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 27,000 shares of company stock valued at $371,300. Insiders own 42.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in MG. Bernzott Capital Advisors raised its holdings in shares of Mistras Group by 65.1% during the 1st quarter. Bernzott Capital Advisors now owns 1,987,490 shares of the technology company’s stock valued at $27,447,000 after purchasing an additional 783,529 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Mistras Group by 150.2% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 187,384 shares of the technology company’s stock valued at $4,061,000 after buying an additional 112,494 shares during the last quarter. Renaissance Technologies LLC grew its stake in Mistras Group by 30.7% in the 1st quarter. Renaissance Technologies LLC now owns 472,540 shares of the technology company’s stock valued at $6,526,000 after buying an additional 111,000 shares during the last quarter. Bank of America Corp DE grew its stake in Mistras Group by 181.8% in the 4th quarter. Bank of America Corp DE now owns 168,508 shares of the technology company’s stock valued at $2,424,000 after buying an additional 108,711 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Mistras Group by 7.3% in the 3rd quarter. BlackRock Inc. now owns 1,216,696 shares of the technology company’s stock valued at $26,364,000 after buying an additional 82,663 shares during the last quarter. Institutional investors and hedge funds own 59.25% of the company’s stock.

About Mistras Group

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 testing program services; and engineering consulting services.

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